Keurig Dr Pepper (NASDAQ:KDP) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Keurig Dr Pepper (NASDAQ:KDP) issued its quarterly earnings results on Thursday. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04, Briefing.com reports. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis.

Keurig Dr Pepper Stock Down 0.4 %

Keurig Dr Pepper stock opened at $33.72 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.25. The stock has a market capitalization of $46.79 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 2.57 and a beta of 0.66. Keurig Dr Pepper has a 1-year low of $27.66 and a 1-year high of $34.65. The business has a fifty day moving average price of $30.41 and a 200-day moving average price of $31.08.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.55%. Keurig Dr Pepper’s payout ratio is 55.48%.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the completion of the sale, the insider now owns 331,487,357 shares of the company’s stock, valued at approximately $9,579,984,617.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of Keurig Dr Pepper stock in a transaction dated 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 completion of the sale, the insider now owns 331,487,357 shares of the company’s stock, valued at approximately $9,579,984,617.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert James Gamgort purchased 171,821 shares of the stock in a transaction on Tuesday, March 5th. The shares were purchased at an average cost of $29.10 per share, with a total value of $4,999,991.10. Following the transaction, the chief executive officer now owns 3,179,917 shares in the company, valued at approximately $92,535,584.70. The disclosure for this purchase can be found here. Insiders sold 100,012,132 shares of company stock valued at $2,890,354,861 in the last quarter. 0.81% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KDP shares. Jefferies Financial Group reduced their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Morgan Stanley reduced their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, February 26th. Royal Bank of Canada reduced their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Barclays raised their price objective on Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, Wedbush reduced their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus target price of $36.33.

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.