This afternoon we watched Keurig Dr Pepper drop -1.5% to a price of $29.77 per share. The large-cap Beverages company is now trading -23.07% below its average target price of $38.69. Analysts have set target prices ranging from $30.0 to $45.0 per share for Keurig Dr Pepper, and have given the stock an average rating of buy.
Keurig Dr Pepper's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.1%. The stock's short ratio is 1.3. The company's insiders own 31.62% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 58.2%. In conclusion, we believe there is positive market sentiment regarding Keurig Dr Pepper.
Institutions Invested in Keurig Dr Pepper
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Capital World Investors | 6% | 80,618,799 | $2,399,618,503 |
| 2023-06-30 | Vanguard Group Inc | 5% | 76,706,305 | $2,283,163,121 |
| 2023-06-30 | Blackrock Inc. | 5% | 70,845,324 | $2,108,711,025 |
| 2023-06-30 | FMR, LLC | 4% | 53,755,421 | $1,600,030,073 |
| 2023-06-30 | Capital International Investors | 4% | 51,604,096 | $1,535,995,885 |
| 2023-06-30 | Wellington Management Group, LLP | 3% | 41,504,415 | $1,235,378,887 |
| 2023-06-30 | State Street Corporation | 3% | 37,359,724 | $1,112,012,162 |
| 2023-06-30 | Geode Capital Management, LLC | 1% | 16,604,177 | $494,223,318 |
| 2023-06-30 | Boston Partners | 1% | 15,720,251 | $467,913,261 |
| 2023-06-30 | T. Rowe Price Investment Management, Inc. | 1% | 15,588,901 | $464,003,628 |
