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

Keurig Dr Pepper (NASDAQ:KDP) posted its earnings results on Thursday. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04, Briefing.com reports. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. Keurig Dr Pepper’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted $0.34 earnings per share.

Keurig Dr Pepper Stock Up 0.3 %

Shares of NASDAQ:KDP traded up $0.11 on Friday, reaching $33.95. The company had a trading volume of 4,944,002 shares, compared to its average volume of 10,510,372. The firm has a market capitalization of $47.11 billion, a PE ratio of 21.91, a PEG ratio of 2.46 and a beta of 0.66. The company has a current ratio of 0.38, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. Keurig Dr Pepper has a 52-week low of $27.66 and a 52-week high of $34.65. The firm’s 50 day simple moving average is $30.35 and its 200-day simple moving average is $31.05.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.48%.

Analyst Ratings Changes

KDP has been the subject of a number of research reports. Wedbush lowered their target price on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. Royal Bank of Canada reduced their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a 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 for the company in a research report on Monday, February 26th. Jefferies Financial Group lowered their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Finally, Barclays increased their price target on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Four 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.45.

Insider Activity at Keurig Dr Pepper

In other news, Director Robert S. Singer sold 12,132 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, March 5th. The shares were 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 of the company’s stock, valued at approximately $1,101,057.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the sale, the insider now directly owns 331,487,357 shares of the company’s stock, valued at $9,579,984,617.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert S. Singer sold 12,132 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total value of $354,861.00. Following the sale, 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. Insiders have sold a total of 100,012,132 shares of company stock valued at $2,890,354,861 over the last quarter. 0.81% of the stock is owned by corporate insiders.

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.