Keurig Dr Pepper (NASDAQ:KDP) Issues Earnings Results

Keurig Dr Pepper (NASDAQ:KDP) issued its quarterly earnings results on Thursday. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04, Briefing.com reports. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same quarter in the previous year, the business earned $0.34 earnings per share. Keurig Dr Pepper’s revenue was up 3.4% compared to the same quarter last year.

Keurig Dr Pepper Trading Down 0.4 %

Shares of KDP stock opened at $33.72 on Friday. Keurig Dr Pepper has a 52-week low of $27.66 and a 52-week high of $34.65. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 0.51. The company has a 50-day simple moving average of $30.41 and a two-hundred day simple moving average of $31.08. The company has a market capitalization of $46.79 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 2.57 and a beta of 0.66.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s payout ratio is 55.48%.

Analyst Ratings Changes

Several brokerages recently weighed in on KDP. TD Cowen boosted their price objective on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday. Royal Bank of Canada dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Morgan Stanley dropped their price objective on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, February 26th. Barclays upped their price objective on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, Jefferies Financial Group lowered their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $36.33.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total value of $354,861.00. Following the completion of the sale, the director now directly owns 37,643 shares of the company’s stock, valued at approximately $1,101,057.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Robert S. Singer sold 12,132 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total transaction of $354,861.00. Following the completion of the transaction, the director now directly owns 37,643 shares of the company’s stock, valued at approximately $1,101,057.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $28.90, for a total transaction of $376,956,514.20. Following the transaction, the insider now directly owns 283,443,879 shares of the company’s stock, valued at $8,191,528,103.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,012,132 shares of company stock valued at $2,890,354,861. Corporate insiders own 0.81% 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.