On April 6, 2023 at 10:00:40 ET an unusually large
$75.00K block of Put contracts in Keurig Dr Pepper
(KDP) was bought,
with a strike price of $35.00 / share, expiring in 15 days (on April 21, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 3.94 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in KDP options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 14.12% Upside
As of April 6, 2023,
the average one-year price target for Keurig Dr Pepper is $40.40.
The forecasts range from a low of $30.30 to a high of $47.25.
The average price target represents an increase of 14.12% from its latest reported closing price of $35.40.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Keurig Dr Pepper
is $14,921MM, an increase of 6.15%.
The projected annual non-GAAP EPS
is $1.85.
What is the Fund Sentiment?
There are 1513 funds or institutions reporting positions in Keurig Dr Pepper.
This is an increase
of
66
owner(s) or 4.56% in the last quarter.
Average portfolio weight of all funds dedicated to KDP is 0.34%,
a decrease
of 11.59%.
Total shares owned by institutions increased
in the last three months by 1.02% to 938,135K shares.
The put/call ratio of KDP is 1.59, indicating a
bearish
outlook.
What are Large Shareholders Doing?
Capital International Investors
holds 51,205K shares
representing 3.64% ownership of the company.
In it’s prior filing, the firm reported owning 51,212K shares, representing
a decrease
of 0.01%.
The firm
decreased
its portfolio allocation in KDP by 8.40% over the last quarter.
Capital Research Global Investors
holds 46,021K shares
representing 3.27% ownership of the company.
In it’s prior filing, the firm reported owning 37,821K shares, representing
an increase
of 17.82%.
The firm
increased
its portfolio allocation in KDP by 11.43% over the last quarter.
Capital World Investors
holds 35,379K shares
representing 2.52% ownership of the company.
In it’s prior filing, the firm reported owning 39,747K shares, representing
a decrease
of 12.35%.
The firm
decreased
its portfolio allocation in KDP by 15.86% over the last quarter.
Wellington Management Group Llp
holds 30,142K shares
representing 2.14% ownership of the company.
In it’s prior filing, the firm reported owning 21,822K shares, representing
an increase
of 27.60%.
The firm
decreased
its portfolio allocation in KDP by 99.98% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 27,992K shares
representing 1.99% ownership of the company.
In it’s prior filing, the firm reported owning 25,357K shares, representing
an increase
of 9.41%.
The firm
increased
its portfolio allocation in KDP by 1.49% over the last quarter.
Keurig Dr Pepper Declares $0.20 Dividend
On February 7, 2023 the company declared a regular
quarterly dividend of $0.20 per share ($0.80 annualized).
Shareholders of record as of March 31, 2023
will receive the payment on April 14, 2023.
Previously, the company paid $0.20 per share.
At the current share price of $35.40 / share,
the stock’s dividend yield is 2.26%.
Looking back five years and taking a sample every week, the average dividend yield has been
2.10%,
the lowest has been 0.65%,
and the highest has been 3.46%.
The standard deviation of yields is 0.44 (n=237).
The current dividend yield is
0.37 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.78.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.33%,
demonstrating that it has increased its dividend over time.
Keurig Dr Pepper Background Information
(This description is provided by the company.)
Keurig Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue in excess of $11 billionand nearly 26,000 employees. KDP holds leadership positions in soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers, and markets the #1 single serve coffee brewing system in the U.S. and Canada. The Company’s portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott’s®, CORE® and The Original Donut Shop®. Through its powerful sales and distribution network, KDP can deliver its portfolio of hot and cold beverages to nearly every point of purchase for consumers. The Company is committed to sourcing, producing and distributing its beverages responsibly through its Drink Well. Do Good. corporate responsibility platform, including efforts around circular packaging, efficient natural resource use and supply chain sustainability.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
