Keurig Dr Pepper, Inc to Issue Quarterly Dividend of $0.23 (NASDAQ:KDP)

Keurig Dr Pepper, Inc (NASDAQ:KDP) declared a quarterly dividend on Wednesday, September 16th. Shareholders of record on Monday, September 28th will be given a dividend of 0.23 per share on Friday, October 9th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, September 28th.

Keurig Dr Pepper has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Keurig Dr Pepper has a dividend payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Keurig Dr Pepper to earn $2.52 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 36.5%.

Keurig Dr Pepper Trading Up 1.0%

KDP stock opened at $31.80 on Thursday. The firm has a fifty day moving average price of $31.18 and a 200 day moving average price of $29.72. Keurig Dr Pepper has a fifty-two week low of $24.88 and a fifty-two week high of $33.82. The firm has a market cap of $43.27 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 1.48 and a beta of 0.40. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The business had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.23 billion. During the same period last year, the company posted $0.49 EPS. The business’s revenue was up 75.6% on a year-over-year basis. Sell-side analysts anticipate that Keurig Dr Pepper will post 2.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. Citigroup lifted their price objective on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Barclays boosted their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Sanford C. Bernstein set a $39.00 target price on shares of Keurig Dr Pepper in a report on Wednesday, July 8th. Finally, Morgan Stanley initiated coverage on shares of Keurig Dr Pepper in a research note on Thursday, August 20th. They set an “overweight” rating and a $38.00 price objective for the company. Twelve analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across the refreshment beverage and coffee categories. The company develops, manufactures, distributes and markets a broad portfolio of soft drinks, flavored beverages, juices, water and mixers, as well as single-serve coffee products and brewing systems.

Its beverage portfolio includes brands such as Dr Pepper, Canada Dry, 7UP, A&W, Snapple, Mott’s, Bai and CORE Hydration. In coffee, Keurig Dr Pepper offers Keurig brewing systems, pods and related products under brands including Green Mountain Coffee Roasters and The Original Donut Shop.