Keurig Dr Pepper Inc (NYSE:KDP) announced a quarterly dividend on Wednesday, April 29th, RTT News reports. Investors of record on Friday, July 3rd will be given a dividend of 0.15 per share on Friday, July 17th. This represents a $0.60 annualized dividend and a yield of 2.12%. The ex-dividend date is Wednesday, July 1st.
Keurig Dr Pepper has a dividend payout ratio of 43.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Keurig Dr Pepper to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 38.7%.
KDP stock opened at $28.30 on Tuesday. The company has a fifty day moving average price of $27.86 and a 200 day moving average price of $27.28. Keurig Dr Pepper has a 12 month low of $18.98 and a 12 month high of $32.00. The company has a market cap of $39.71 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 1.76 and a beta of 0.62. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.33 and a quick ratio of 0.23.
Keurig Dr Pepper (NYSE:KDP) last released its quarterly earnings results on Monday, April 27th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. Keurig Dr Pepper had a net margin of 10.51% and a return on equity of 7.71%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the firm earned $0.25 EPS. Keurig Dr Pepper’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts anticipate that Keurig Dr Pepper will post 1.38 earnings per share for the current year.
Several analysts recently commented on KDP shares. Morgan Stanley upped their price target on shares of Keurig Dr Pepper from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Monday, April 27th. Goldman Sachs Group restated a “neutral” rating and set a $25.00 price objective on shares of Keurig Dr Pepper in a research report on Wednesday, April 1st. Evercore ISI upgraded shares of Keurig Dr Pepper from an “in-line” rating to an “outperform” rating and set a $35.00 price objective for the company in a research report on Monday, June 1st. SunTrust Banks restated a “buy” rating on shares of Keurig Dr Pepper in a research report on Wednesday, April 29th. Finally, Citigroup upped their price objective on shares of Keurig Dr Pepper from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Keurig Dr Pepper presently has a consensus rating of “Buy” and an average price target of $31.11.
In related news, Director Robert S. Singer purchased 1,000 shares of the stock in a transaction dated Friday, June 12th. The shares were acquired at an average cost of $28.14 per share, with a total value of $28,140.00. Following the purchase, the director now directly owns 65,500 shares in the company, valued at approximately $1,843,170. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Holdings B.V. Jab acquired 7,380,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of $27.16 per share, for a total transaction of $200,440,800.00. Corporate insiders own 0.41% of the company’s stock.
About Keurig Dr Pepper
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
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