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

Keurig Dr Pepper (NASDAQ:KDP) released its quarterly earnings data on Thursday. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45, Briefing.com reports. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the business posted $0.42 EPS. The business’s revenue was up 3.5% on a year-over-year basis.

Keurig Dr Pepper Stock Up 1.6 %

KDP stock traded up $0.53 on Friday, reaching $33.74. 12,633,236 shares of the company traded hands, compared to its average volume of 8,298,570. Keurig Dr Pepper has a one year low of $27.66 and a one year high of $35.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34. The company has a market cap of $45.74 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 2.61 and a beta of 0.62. The firm has a fifty day simple moving average of $33.61 and a 200-day simple moving average of $32.11.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays decreased their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. BNP Paribas assumed coverage on Keurig Dr Pepper in a research report on Monday, June 24th. They issued a “neutral” rating and a $36.00 target price for the company. TD Cowen increased their target price on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. decreased their target price on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company increased their target price on Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus price target of $36.50.

Insiders Place Their Bets

In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 8,000 shares of Keurig Dr Pepper stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total value of $273,520.00. Following the completion of the sale, the insider now owns 12,565 shares of the company’s stock, valued at approximately $429,597.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 8,000 shares of Keurig Dr Pepper stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total value of $273,520.00. Following the completion of the sale, the insider now owns 12,565 shares of the company’s stock, valued at approximately $429,597.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Patrick Minogue sold 17,293 shares of Keurig Dr Pepper stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total value of $580,871.87. Following the completion of the sale, the insider now directly owns 67,103 shares of the company’s stock, valued at approximately $2,253,989.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,293 shares of company stock valued at $1,694,642. Corporate insiders own 1.00% of the company’s stock.

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.