Keurig Dr Pepper Inc. to Issue Quarterly Dividend of $0.23 (NASDAQ:KDP)

Keurig Dr Pepper Inc. (NASDAQ:KDP) declared a quarterly dividend on Tuesday, February 11th,RTT News reports. Stockholders of record on Friday, March 28th will be paid a dividend of 0.23 per share on Friday, April 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Friday, March 28th.

Keurig Dr Pepper has increased its dividend by an average of 7.7% per year over the last three years. Keurig Dr Pepper has a payout ratio of 42.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Keurig Dr Pepper to earn $2.04 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 45.1%.

Keurig Dr Pepper Trading Up 0.3 %

KDP opened at $31.67 on Thursday. Keurig Dr Pepper has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The firm has a market capitalization of $42.96 billion, a PE ratio of 19.19, a P/E/G ratio of 2.16 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. The company’s 50-day moving average is $31.92 and its 200 day moving average is $34.04.

Insider Transactions at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the acquisition, the insider now directly owns 218,063,479 shares of the company’s stock, 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 accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on KDP. Jefferies Financial Group lowered their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Barclays lowered their price target on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. TD Cowen reduced their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, Wells Fargo & Company decreased their price objective on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

About Keurig Dr Pepper

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.