Keurig Dr Pepper Inc. (NASDAQ:KDP) Announces Quarterly Dividend of $0.22

Keurig Dr Pepper Inc. (NASDAQ:KDP) declared a quarterly dividend on Wednesday, May 15th, RTT News reports. Investors of record on Friday, June 28th will be given a dividend of 0.215 per share on Friday, July 12th. This represents a $0.86 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Friday, June 28th.

Keurig Dr Pepper has raised its dividend payment by an average of 10.8% per year over the last three years. Keurig Dr Pepper has a payout ratio of 41.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Keurig Dr Pepper to earn $2.06 per share next year, which means the company should continue to be able to cover its $0.86 annual dividend with an expected future payout ratio of 41.7%.

Keurig Dr Pepper Stock Down 0.1 %

Shares of NASDAQ:KDP opened at $34.36 on Thursday. The company has a market cap of $46.58 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.60 and a beta of 0.61. Keurig Dr Pepper has a fifty-two week low of $27.66 and a fifty-two week high of $35.00. The firm’s 50-day simple moving average is $33.83 and its 200-day simple moving average is $32.08. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 earnings per share. As a group, equities research analysts predict that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Insiders Place Their Bets

In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 8,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total transaction of $273,520.00. Following the completion of the sale, the insider now directly owns 12,565 shares in the company, valued at $429,597.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Angela A. Stephens sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total transaction of $840,250.00. Following the completion of the sale, the vice president now directly owns 76,081 shares in the company, valued at $2,557,082.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Matthew Andrew Archambault sold 8,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total value of $273,520.00. Following the completion of the transaction, the insider now owns 12,565 shares in the company, valued at approximately $429,597.35. The disclosure for this sale can be found here. Insiders have sold a total of 81,520 shares of company stock valued at $2,750,739 over the last quarter. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. BNP Paribas initiated coverage on Keurig Dr Pepper in a research note on Monday. They issued a “neutral” rating and a $36.00 price objective for the company. UBS Group increased their price target on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, June 10th. TD Cowen increased their target price on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, April 26th. Barclays increased their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Finally, Wells Fargo & Company boosted their target price on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.57.

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.