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

Keurig Dr Pepper Inc. (NASDAQ:KDP) announced 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 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, March 28th.

Keurig Dr Pepper has increased its dividend by an average of 7.7% per year over the last three years. Keurig Dr Pepper has a payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Keurig Dr Pepper to earn $2.03 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 45.3%.

Keurig Dr Pepper Stock Down 0.1 %

KDP stock opened at $33.83 on Wednesday. The company’s 50 day moving average price is $32.55 and its 200 day moving average price is $33.59. The firm has a market capitalization of $45.90 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the firm posted $0.55 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current fiscal year.

Analysts Set New Price Targets

KDP has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price target for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. TD Cowen cut their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, Morgan Stanley upped their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $38.23.

Insiders Place Their Bets

In other news, Chairman Robert James Gamgort sold 416,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the transaction, the chairman now owns 3,237,066 shares of the company’s stock, valued at approximately $110,998,993.14. The trade was a 11.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were bought at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the purchase, the insider now directly owns 218,063,479 shares of the company’s stock, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 84,397,350 shares of company stock valued at $2,756,292,570. Insiders own 1.00% of the company’s stock.

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.