Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) 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
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.
Get Our Latest Stock Analysis on Keurig Dr Pepper
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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