Keurig Dr Pepper (NASDAQ:KDP) Issues Quarterly Earnings Results

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

Keurig Dr Pepper Stock Up 0.3 %

Shares of NASDAQ:KDP traded up $0.11 during mid-day trading on Friday, reaching $33.95. 4,944,002 shares of the stock were exchanged, compared to its average volume of 10,510,372. The stock’s 50 day simple moving average is $30.35 and its 200-day simple moving average is $31.05. Keurig Dr Pepper has a one year low of $27.66 and a one year high of $34.65. The company has a market cap of $47.11 billion, a P/E ratio of 21.91, a P/E/G ratio of 2.46 and a beta of 0.66. The company has a quick ratio of 0.25, a current ratio of 0.38 and a debt-to-equity ratio of 0.39.

Keurig Dr Pepper Announces Dividend

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

Insider Buying and Selling at Keurig Dr Pepper

In related news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $28.90, for a total transaction of $376,956,514.20. Following the completion of the transaction, the insider now owns 283,443,879 shares in the company, valued at $8,191,528,103.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $28.90, for a total transaction of $376,956,514.20. Following the completion of the transaction, the insider now directly owns 283,443,879 shares of the company’s stock, valued at $8,191,528,103.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert James Gamgort acquired 171,821 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were bought at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the purchase, the chief executive officer now owns 3,179,917 shares in the company, valued at $92,535,584.70. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 100,012,132 shares of company stock worth $2,890,354,861. Corporate insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on KDP shares. Royal Bank of Canada dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Barclays upped their target price on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Jefferies Financial Group lowered their price target 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. Wedbush decreased their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Finally, Morgan Stanley lowered their price objective on shares of 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. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.45.

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.