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

Keurig Dr Pepper (NASDAQ:KDP) released its quarterly earnings data on Thursday. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04, Briefing.com reports. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share.

Keurig Dr Pepper Trading Down 0.4 %

Keurig Dr Pepper stock opened at $33.72 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 0.51. The business’s 50-day simple moving average is $30.41 and its 200-day simple moving average is $31.08. The firm has a market capitalization of $46.79 billion, a PE ratio of 21.75, a PEG ratio of 2.57 and a beta of 0.66. Keurig Dr Pepper has a 52 week low of $27.66 and a 52 week high of $34.65.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.55%. Keurig Dr Pepper’s payout ratio is presently 55.48%.

Insider Transactions at Keurig Dr Pepper

In related news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the transaction, the insider now directly owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total transaction of $354,861.00. Following the sale, the director now directly owns 37,643 shares of the company’s stock, valued at $1,101,057.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the completion of the transaction, the insider now directly owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,012,132 shares of company stock worth $2,890,354,861. Company insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays lifted their price objective on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Wedbush cut their target price on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. TD Cowen raised 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. Morgan Stanley cut their target price on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, February 26th. Finally, Jefferies Financial Group cut their target price on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.33.

About Keurig Dr Pepper

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.