Keurig Dr Pepper, Inc (KDP) To Go Ex-Dividend on March 27th

Keurig Dr Pepper, Inc (NASDAQ:KDP) announced a quarterly dividend on Tuesday, February 3rd. Stockholders of record on Friday, March 27th will be given a dividend of 0.23 per share on Friday, April 10th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, March 27th.

Keurig Dr Pepper has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Keurig Dr Pepper has a dividend payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Keurig Dr Pepper to earn $2.03 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 45.3%.

Keurig Dr Pepper Stock Down 1.3%

Shares of KDP opened at $26.21 on Wednesday. The company has a market capitalization of $35.61 billion, a P/E ratio of 17.13, a PEG ratio of 1.37 and a beta of 0.33. Keurig Dr Pepper has a one year low of $25.03 and a one year high of $36.12. The business’s 50 day simple moving average is $28.30 and its 200-day simple moving average is $27.68. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.64 and a quick ratio of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.35 billion. Keurig Dr Pepper had a return on equity of 11.14% and a net margin of 12.52%.The business’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $0.58 EPS. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. As a group, sell-side analysts predict that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KDP has been the subject of a number of research reports. Piper Sandler raised their target price on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. UBS Group restated a “buy” rating and issued a $36.00 price objective on shares of Keurig Dr Pepper in a research report on Thursday, February 26th. Barclays boosted their target price on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. Finally, Wells Fargo & Company upped their target price on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $35.40.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.