Keurig Dr Pepper, Inc (NASDAQ:KDP) Short Interest Update

Key Points

• Short interest jumped 31.5% to 53,588,908 shares as of March 31, representing 4.0% of shares short and a days-to-cover of 5.1 days.
• Keurig Dr Pepper beat the quarter with EPS of $0.60 (vs. $0.59) and revenue of $4.50B (+10.6% YoY), and set FY2026 guidance of $2.130–$2.170 versus analysts' average forecast of $1.92.
• Analyst sentiment is mixed: the consensus rating is Hold with an average target of $33.21, and several firms (UBS, Citi, Jefferies) recently cut targets to about $32.

Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 53,588,908 shares, an increase of 31.5% from the March 15th total of 40,751,573 shares. Currently, 4.0% of the company's shares are short sold. Based on an average trading volume of 10,528,088 shares, the days-to-cover ratio is currently 5.1 days.

Hedge Funds Weigh In On Keurig Dr Pepper

Hedge funds have recently made changes to their positions in the business. AustralianSuper Pty Ltd acquired a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at approximately $1,217,000. Bank of New York Mellon Corp boosted its holdings in shares of Keurig Dr Pepper by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company's stock valued at $202,221,000 after buying an additional 223,160 shares during the last quarter. Candriam S.C.A. boosted its holdings in shares of Keurig Dr Pepper by 50.9% in the 3rd quarter. Candriam S.C.A. now owns 377,667 shares of the company's stock valued at $9,634,000 after buying an additional 127,389 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Keurig Dr Pepper by 69.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 105,015 shares of the company's stock valued at $2,660,000 after buying an additional 43,223 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co boosted its holdings in shares of Keurig Dr Pepper by 83.7% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company's stock valued at $5,228,000 after buying an additional 93,374 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Down 0.1%

NASDAQ KDP traded down $0.02 during trading hours on Wednesday, reaching $26.00. 9,801,572 shares of the company's stock were exchanged, compared to its average volume of 10,303,747. The company's 50-day moving average is $27.78 and its two-hundred day moving average is $27.58. Keurig Dr Pepper has a one year low of $24.88 and a one year high of $35.94. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.43 and a current ratio of 0.64. The company has a market capitalization of $35.33 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 1.31 and a beta of 0.35.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. The company had revenue of $4.50 billion during the quarter, compared to analysts' expectations of $4.35 billion. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The business's quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the business earned $0.58 EPS. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. On average, analysts forecast that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, March 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 60.13%.

Analyst Ratings Changes

KDP has been the subject of a number of recent analyst reports. UBS Group lowered their price target on Keurig Dr Pepper from $36.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, April 7th. Evercore raised Keurig Dr Pepper to a "hold" rating in a research note on Monday, April 6th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Citigroup lowered their price target on Keurig Dr Pepper from $37.00 to $32.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, Jefferies Financial Group cut Keurig Dr Pepper from a "buy" rating to a "hold" rating and lowered their price target for the company from $39.00 to $32.00 in a research note on Tuesday, December 16th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $33.21.

About Keurig Dr Pepper

Keurig Dr Pepper NASDAQ: KDP is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig's single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company's product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.

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