Keurig Dr Pepper (NASDAQ:KDP) Announces Earnings Results

Keurig Dr Pepper (NASDAQ:KDP) posted its earnings results on Tuesday. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01, Zacks reports. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the company earned $0.55 earnings per share. Keurig Dr Pepper’s revenue was up 5.2% on a year-over-year basis.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP traded down $0.34 during trading on Thursday, hitting $33.40. 29,346,776 shares of the company’s stock were exchanged, compared to its average volume of 9,870,536. 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 52-week low of $28.61 and a 52-week high of $38.28. The business’s 50-day simple moving average is $31.88 and its 200 day simple moving average is $33.94. The company has a market cap of $45.31 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.42 and a beta of 0.61.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

Insider Buying and Selling

In other news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the business’s stock in a transaction on Wednesday, January 29th. The stock was acquired at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the acquisition, the insider now directly owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. This represents a 1.69 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday. Piper Sandler assumed coverage on Keurig Dr Pepper in a research note on Tuesday. They issued a “neutral” rating and a $35.00 price objective on the stock. TD Cowen decreased their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. UBS Group reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.23.

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.