Keurig Dr Pepper (NASDAQ:KDP) Releases Quarterly Earnings Results, Meets Expectations

Keurig Dr Pepper (NASDAQ:KDP) issued its earnings results on Thursday. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45, Briefing.com reports. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The company had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period last year, the business earned $0.42 EPS. Keurig Dr Pepper’s quarterly revenue was up 3.5% compared to the same quarter last year.

Keurig Dr Pepper Price Performance

KDP stock traded up $0.53 during mid-day trading on Friday, reaching $33.74. 12,633,184 shares of the company traded hands, compared to its average volume of 9,273,167. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34. The company has a market capitalization of $45.74 billion, a P/E ratio of 21.77, a P/E/G ratio of 2.53 and a beta of 0.62. Keurig Dr Pepper has a 52-week low of $27.66 and a 52-week high of $35.00. The company has a fifty day moving average price of $33.61 and a 200-day moving average price of $32.11.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Friday, June 28th. Keurig Dr Pepper’s payout ratio is presently 55.48%.

Insider Activity

In other news, VP Angela A. Stephens sold 25,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total transaction of $840,250.00. Following the completion of the sale, the vice president now owns 76,081 shares in the company, valued at approximately $2,557,082.41. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Patrick Minogue sold 17,293 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total value of $580,871.87. Following the completion of the sale, the insider now owns 67,103 shares in the company, valued at approximately $2,253,989.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Angela A. Stephens sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total value of $840,250.00. Following the completion of the sale, the vice president now owns 76,081 shares of the company’s stock, valued at approximately $2,557,082.41. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,293 shares of company stock worth $1,694,642. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KDP shares. BNP Paribas started coverage on Keurig Dr Pepper in a report on Monday, June 24th. They issued a “neutral” rating and a $36.00 target price on the stock. Barclays cut their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. TD Cowen raised their price objective on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. dropped their price objective on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Finally, Truist Financial upgraded Keurig Dr Pepper from a “sell” rating to a “hold” rating and raised their price objective for the company from $27.00 to $34.00 in a research note on Monday, June 17th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average price target of $36.50.

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.