Keurig Dr Pepper (NASDAQ:KDP) Issues Quarterly Earnings Results

Keurig Dr Pepper (NASDAQ:KDP) posted its quarterly earnings data on Tuesday. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01, Zacks reports. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $34.12 on Tuesday. The firm has a market cap of $46.28 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61. The business’s 50 day moving average is $31.82 and its 200-day moving average is $33.94. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper has a 1-year low of $28.61 and a 1-year high of $38.28.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the purchase, the insider now directly owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday. TD Cowen cut their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a report on Tuesday. They set a “neutral” rating and a $35.00 target price on the stock. Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday. Finally, Barclays restated an “overweight” rating and set a $36.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

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.