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

Keurig Dr Pepper (NASDAQ:KDP) posted its quarterly earnings results on Tuesday. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01, Zacks reports. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 EPS.

Keurig Dr Pepper Stock Up 0.2 %

Keurig Dr Pepper stock opened at $34.12 on Tuesday. The firm has a market capitalization of $46.28 billion, a P/E ratio of 20.68, a P/E/G ratio of 2.42 and a beta of 0.61. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper has a twelve month low of $28.61 and a twelve month high of $38.28. The stock’s fifty day simple moving average is $31.82 and its 200-day simple moving average is $33.94.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.70%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.76%.

Wall Street Analyst Weigh In

KDP has been the topic of a number of recent analyst reports. 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 report on Wednesday, January 8th. Barclays reaffirmed an “overweight” rating and issued a $36.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday. 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 report on Thursday, December 12th. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday. Finally, Piper Sandler began coverage on shares of Keurig Dr Pepper in a research note on Tuesday. They set a “neutral” rating and a $35.00 target price for the company. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $37.50.

Insider Activity at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the purchase, the insider now directly owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

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.