Analysts Anticipate Keurig Dr Pepper Inc. (NASDAQ:KDP) Will Announce Quarterly Sales of $3.02 Billion

Analysts forecast that Keurig Dr Pepper Inc. (NASDAQ:KDPGet Rating) will announce sales of $3.02 billion for the current quarter, Zacks reports. Five analysts have provided estimates for Keurig Dr Pepper’s earnings. The highest sales estimate is $3.06 billion and the lowest is $2.98 billion. Keurig Dr Pepper reported sales of $2.90 billion during the same quarter last year, which would suggest a positive year over year growth rate of 4.1%. The firm is expected to report its next earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Keurig Dr Pepper will report full year sales of $13.40 billion for the current fiscal year, with estimates ranging from $13.36 billion to $13.45 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $13.95 billion, with estimates ranging from $13.86 billion to $14.02 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Keurig Dr Pepper.

Keurig Dr Pepper (NASDAQ:KDPGet Rating) last released its earnings results on Thursday, February 24th. The company reported $0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. Keurig Dr Pepper had a return on equity of 9.35% and a net margin of 16.92%. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.30 billion. During the same period in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year.

Separately, Truist Financial downgraded Keurig Dr Pepper from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a report on Tuesday, March 22nd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $38.38.

In other Keurig Dr Pepper news, insider Justin Whitmore bought 6,355 shares of the company’s stock in a transaction on Friday, February 25th. The shares were bought at an average cost of $37.72 per share, for a total transaction of $239,710.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Herbert Derek Hopkins sold 37,500 shares of the stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $37.70, for a total transaction of $1,413,750.00. Following the transaction, the insider now owns 212,110 shares in the company, valued at $7,996,547. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Capital World Investors boosted its holdings in shares of Keurig Dr Pepper by 1.4% in the 4th quarter. Capital World Investors now owns 52,047,425 shares of the company’s stock valued at $1,918,468,000 after buying an additional 729,672 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Keurig Dr Pepper by 20.5% in the 4th quarter. BlackRock Inc. now owns 40,506,588 shares of the company’s stock valued at $1,493,073,000 after buying an additional 6,898,701 shares in the last quarter. Boston Partners bought a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at about $575,364,000. State Street Corp boosted its holdings in shares of Keurig Dr Pepper by 1.7% in the 4th quarter. State Street Corp now owns 15,493,091 shares of the company’s stock valued at $571,075,000 after buying an additional 260,146 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Keurig Dr Pepper by 1.5% in the 3rd quarter. Wellington Management Group LLP now owns 12,065,585 shares of the company’s stock valued at $412,160,000 after buying an additional 180,869 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

Shares of NASDAQ:KDP traded up $0.30 during midday trading on Friday, reaching $37.30. 6,044,516 shares of the company’s stock traded hands, compared to its average volume of 6,376,278. The company has a market cap of $52.90 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 3.45 and a beta of 0.66. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.33 and a current ratio of 0.47. Keurig Dr Pepper has a one year low of $32.44 and a one year high of $39.35. The stock has a 50 day moving average of $37.76 and a 200 day moving average of $36.82.

The business also recently declared a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Friday, April 1st were issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Thursday, March 31st. Keurig Dr Pepper’s payout ratio is presently 50.00%.

About Keurig Dr Pepper (Get Rating)

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.

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Earnings History and Estimates for Keurig Dr Pepper (NASDAQ:KDP)

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