Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) announced its earnings results on Thursday. The company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51, Briefing.com reports. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the firm earned $0.48 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year.
Keurig Dr Pepper Price Performance
Shares of NASDAQ KDP opened at $34.58 on Friday. Keurig Dr Pepper has a 1-year low of $28.61 and a 1-year high of $38.28. The firm has a market capitalization of $46.88 billion, a PE ratio of 22.31, a P/E/G ratio of 2.73 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34. The business’s fifty day moving average price is $36.73 and its two-hundred day moving average price is $34.64.
Keurig Dr Pepper Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.66%. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s payout ratio is currently 59.35%.
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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.
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