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

Keurig Dr Pepper Inc. (NASDAQ:KDP) declared a quarterly dividend on Tuesday, December 10th,RTT News reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.74%.

Keurig Dr Pepper has increased its dividend by an average of 10.8% per year over the last three years. Keurig Dr Pepper has a payout ratio of 44.9% meaning its dividend is sufficiently covered by earnings. Equities research 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 Up 0.1 %

Shares of KDP traded up $0.04 during trading on Wednesday, reaching $33.56. The company’s stock had a trading volume of 589,735 shares, compared to its average volume of 9,225,566. The company has a fifty day moving average of $34.07 and a two-hundred day moving average of $34.62. Keurig Dr Pepper has a twelve month low of $28.61 and a twelve month high of $38.28. The company has a market cap of $45.52 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 2.53 and a beta of 0.61. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

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

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the stock in a transaction on 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 completion of the transaction, the insider now owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on KDP shares. Citigroup dropped their target price on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft increased their target price on Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. dropped their target price on 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. Wells Fargo & Company decreased their price target on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, Barclays decreased their price target on Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $38.36.

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.