Stock Traders Purchase High Volume of Call Options on Keurig Dr Pepper (NASDAQ:KDP)

Keurig Dr Pepper Inc. (NASDAQ:KDP) was the recipient of unusually large options trading on Friday. Stock traders acquired 16,371 call options on the stock. This represents an increase of 283% compared to the typical volume of 4,277 call options.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KDP. Truist Financial raised shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and raised their price target for the company from $27.00 to $34.00 in a research note on Monday, June 17th. Wells Fargo & Company raised their target price on Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. UBS Group upped their price target on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Barclays raised their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Finally, TD Cowen lifted their price objective on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and an average target price of $36.62.

Insiders Place Their Bets

In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 8,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total value of $273,520.00. Following the transaction, the insider now owns 12,565 shares in the company, valued at $429,597.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Keurig Dr Pepper news, insider Roger Frederick Johnson sold 31,227 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the transaction, the insider now directly owns 100,000 shares in the company, valued at $3,382,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew Andrew Archambault sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total transaction of $273,520.00. Following the completion of the transaction, the insider now owns 12,565 shares of the company’s stock, valued at approximately $429,597.35. The disclosure for this sale can be found here. Insiders sold 81,520 shares of company stock worth $2,750,739 over the last three months. Insiders own 1.00% of the company’s stock.

Institutional Trading of Keurig Dr Pepper

Several hedge funds and other institutional investors have recently modified their holdings of the business. Capital World Investors lifted its stake in Keurig Dr Pepper by 14.6% in the 4th quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock worth $3,599,652,000 after purchasing an additional 13,738,345 shares in the last quarter. Vanguard Group Inc. boosted its stake in Keurig Dr Pepper by 9.4% during the first quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock valued at $2,786,075,000 after buying an additional 7,825,418 shares during the period. Capital International Investors grew its position in Keurig Dr Pepper by 1.3% during the fourth quarter. Capital International Investors now owns 56,060,464 shares of the company’s stock worth $1,867,937,000 after buying an additional 730,112 shares in the last quarter. Wellington Management Group LLP increased its stake in Keurig Dr Pepper by 2.3% in the 3rd quarter. Wellington Management Group LLP now owns 42,458,054 shares of the company’s stock worth $1,340,401,000 after acquiring an additional 953,639 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Keurig Dr Pepper by 107.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock worth $725,487,000 after acquiring an additional 12,259,471 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Up 0.5 %

Shares of Keurig Dr Pepper stock opened at $34.38 on Friday. The firm has a market cap of $46.60 billion, a PE ratio of 22.18, a P/E/G ratio of 2.59 and a beta of 0.61. Keurig Dr Pepper has a 1 year low of $27.66 and a 1 year high of $35.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34. The stock has a fifty day moving average price of $33.60 and a 200-day moving average price of $32.03.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 earnings per share. Equities research analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.