Keurig Dr Pepper Inc. (NASDAQ:KDP) Announces Quarterly Dividend of $0.23

Keurig Dr Pepper Inc. (NASDAQ:KDP) declared a quarterly dividend on Tuesday, February 11th,RTT News reports. Shareholders of record on Friday, March 28th will be given a dividend of 0.23 per share on Friday, April 11th. This represents a $0.92 annualized dividend and a yield of 2.92%.

Keurig Dr Pepper has increased its dividend by an average of 7.7% annually over the last three years. Keurig Dr Pepper has a payout ratio of 42.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Keurig Dr Pepper to earn $2.04 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 45.1%.

Keurig Dr Pepper Price Performance

KDP stock opened at $31.45 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $42.67 billion, a P/E ratio of 19.02, a PEG ratio of 2.16 and a beta of 0.61. The business has a 50 day simple moving average of $31.94 and a 200-day simple moving average of $34.06. Keurig Dr Pepper has a twelve month low of $28.61 and a twelve month high of $38.28.

Insider Buying and Selling

In other news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the transaction, the insider now owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. This represents a 1.69 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KDP has been the topic of several research reports. UBS Group lowered their price objective on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price target for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Jefferies Financial Group dropped their price target on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their price objective on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Wells Fargo & Company lowered their target price on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

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.