Keurig Dr Pepper (NASDAQ:KDP) Issues Quarterly 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 net margin of 15.04% and a return on equity of 10.45%.

Keurig Dr Pepper Stock Up 0.2 %

Shares of KDP stock opened at $34.12 on Tuesday. 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. The firm has a fifty day moving average of $31.82 and a 200-day moving average of $33.94. The company has a market capitalization of $46.28 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 2.42 and a beta of 0.61.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s payout ratio is currently 55.76%.

Analyst Ratings Changes

Several equities research analysts have recently commented on KDP shares. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a research report on Tuesday. They set 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 lifted their price target for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday. Finally, Barclays reaffirmed an “overweight” rating and issued a $36.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday. Six investment 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 presently has a consensus rating of “Moderate Buy” and an average target price of $37.50.

Insider Activity at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the acquisition, the insider now owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This represents a 1.69 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

About Keurig Dr Pepper

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.