Keurig Dr Pepper (NASDAQ:KDP) Issues Earnings Results

Keurig Dr Pepper (NASDAQ:KDP) posted its quarterly earnings data on Tuesday. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01, Zacks reports. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the business earned $0.55 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year.

Keurig Dr Pepper Stock Performance

KDP stock opened at $34.94 on Wednesday. The business has a 50 day moving average of $31.86 and a 200-day moving average of $33.94. The firm has a market cap of $47.39 billion, a PE ratio of 21.18, a P/E/G ratio of 2.42 and a beta of 0.61. Keurig Dr Pepper has a 12-month low of $28.61 and a 12-month high of $38.28. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.63%. Keurig Dr Pepper’s payout ratio is presently 55.76%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KDP shares. UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday. Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a research report on Tuesday. They issued a “neutral” rating and a $35.00 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price target for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Finally, Barclays reissued an “overweight” rating and set a $36.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.50.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the stock in a transaction on Wednesday, January 29th. The shares were acquired at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the acquisition, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

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.