Keurig Dr Pepper (KDP) Set to Announce Earnings on Thursday

Keurig Dr Pepper (NASDAQ:KDP) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 EPS. On average, analysts expect Keurig Dr Pepper to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $31.76 on Wednesday. The stock has a market capitalization of $44.07 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 2.40 and a beta of 0.66. Keurig Dr Pepper has a 1 year low of $27.66 and a 1 year high of $35.99. The business’s 50 day simple moving average is $30.27 and its 200-day simple moving average is $31.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.38 and a quick ratio of 0.25.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total value of $354,861.00. Following the transaction, the director now owns 37,643 shares in the company, valued at $1,101,057.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the transaction, the insider now owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert S. Singer sold 12,132 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total value of $354,861.00. Following the transaction, the director now owns 37,643 shares in the company, valued at approximately $1,101,057.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,012,132 shares of company stock valued at $2,890,354,861. Company insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on KDP shares. Barclays upped their price objective on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Royal Bank of Canada dropped their price target on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Morgan Stanley dropped their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, February 26th. Jefferies Financial Group dropped their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Finally, Wedbush decreased their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and an average target price of $36.45.

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.