Keurig Dr Pepper (NASDAQ:KDP) Posts Earnings Results, Hits Estimates

Keurig Dr Pepper (NASDAQ:KDP) 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%.

Wall Street Analyst Weigh In

KDP has been the subject of several recent analyst reports. Jefferies Financial Group lowered their target price on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday. JPMorgan Chase & Co. lowered their price objective on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday. Citigroup cut their target price on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday. TD Cowen raised their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 26th. Finally, Barclays upped their price target on shares of Keurig Dr Pepper from $37.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.50.

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.