Brokerages expect Keurig Dr Pepper Inc (NYSE:KDP) to post $2.81 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Keurig Dr Pepper’s earnings, with the highest sales estimate coming in at $2.85 billion and the lowest estimate coming in at $2.78 billion. Keurig Dr Pepper posted sales of $1.64 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 71.3%. The company is scheduled to report its next earnings report on Wednesday, February 13th.
On average, analysts expect that Keurig Dr Pepper will report full-year sales of $11.01 billion for the current year, with estimates ranging from $10.83 billion to $11.13 billion. For the next year, analysts expect that the business will report sales of $11.25 billion, with estimates ranging from $10.95 billion to $11.42 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Keurig Dr Pepper.
Keurig Dr Pepper (NYSE:KDP) last posted its quarterly earnings data on Wednesday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.87 billion. Keurig Dr Pepper had a return on equity of 46.22% and a net margin of 13.55%. The company’s quarterly revenue was up 139.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 EPS.
Shares of KDP stock traded up $0.05 on Wednesday, hitting $28.52. The stock had a trading volume of 1,954,139 shares, compared to its average volume of 3,572,976. The company has a current ratio of 0.93, a quick ratio of 0.75 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $38.37 billion, a PE ratio of 6.28, a P/E/G ratio of 1.65 and a beta of 0.47. Keurig Dr Pepper has a 1 year low of $20.46 and a 1 year high of $126.65.
The business also recently declared a quarterly dividend, which was paid on Friday, October 19th. Shareholders of record on Friday, October 5th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, October 4th. This represents a $0.60 annualized dividend and a yield of 2.10%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 13.22%.
In related news, insider Brian Andrew Loucks purchased 13,050 shares of the business’s stock in a transaction on Thursday, September 6th. The shares were bought at an average price of $22.86 per share, for a total transaction of $298,323.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Peter Harf purchased 21,400 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were bought at an average price of $23.43 per share, for a total transaction of $501,402.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 188,320 shares of company stock worth $4,399,673. 0.58% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of KDP. TradeLink Capital LLC purchased a new stake in Keurig Dr Pepper during the 2nd quarter worth about $2,806,000. Twin Tree Management LP acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter worth about $2,442,000. KCM Investment Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter worth about $677,000. Marshall Wace LLP acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter worth about $3,746,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter worth about $8,695,000. Institutional investors own 11.56% of the company’s stock.
Keurig Dr Pepper Company Profile
Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.
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