Keurig Dr Pepper, Inc (KDP) To Go Ex-Dividend on June 26th

Keurig Dr Pepper, Inc (NASDAQ:KDP) announced a quarterly dividend on Wednesday, May 20th. Shareholders of record on Friday, June 26th will be paid a dividend of 0.23 per share on Friday, July 10th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, June 26th.

Keurig Dr Pepper has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Keurig Dr Pepper has a dividend payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Keurig Dr Pepper to earn $2.53 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 36.4%.

Keurig Dr Pepper Trading Up 0.3%

Shares of Keurig Dr Pepper stock opened at $28.78 on Friday. The business has a fifty day simple moving average of $27.35 and a two-hundred day simple moving average of $27.85. Keurig Dr Pepper has a 1 year low of $24.88 and a 1 year high of $35.94. The company has a market capitalization of $39.16 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 1.31 and a beta of 0.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter last year, the firm posted $0.42 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Research analysts forecast that Keurig Dr Pepper will post 2.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. UBS Group raised their price target on Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft cut their price target on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a report on Monday, March 30th. Evercore set a $30.00 target price on Keurig Dr Pepper in a report on Friday, April 24th. Citigroup reduced their target price on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Finally, Zacks Research downgraded shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Hold” and an average target price of $31.57.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single?serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single?serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.