Keurig Dr Pepper Inc. (NASDAQ:KDP) Declares $0.23 Quarterly Dividend

Keurig Dr Pepper Inc. (NASDAQ:KDP) declared a quarterly dividend on Tuesday, December 10th,RTT News reports. Stockholders of record on Friday, January 3rd will be paid a dividend of 0.23 per share on Friday, January 17th. This represents a $0.92 annualized dividend and a dividend yield of 2.74%.

Keurig Dr Pepper has increased its dividend payment by an average of 10.8% per year over the last three years. Keurig Dr Pepper has a payout ratio of 44.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Keurig Dr Pepper to earn $2.05 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 44.9%.

Keurig Dr Pepper Stock Down 0.2 %

Keurig Dr Pepper stock traded down $0.08 during mid-day trading on Tuesday, reaching $33.52. The stock had a trading volume of 7,159,214 shares, compared to its average volume of 9,249,177. The company has a market capitalization of $45.47 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.53 and a beta of 0.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper has a one year low of $28.61 and a one year high of $38.28. The company has a 50-day moving average price of $34.14 and a two-hundred day moving average price of $34.62.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts expect that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on KDP shares. JPMorgan Chase & Co. cut their target price on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. TD Cowen raised their target price on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 26th. Wells Fargo & Company dropped their price objective on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Jefferies Financial Group decreased their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.36.

Insider Buying and Selling

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the sale, the insider now directly owns 214,443,879 shares of the company’s stock, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

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.