Keurig Dr Pepper Inc. (NASDAQ:KDP) Plans Quarterly Dividend of $0.22

Keurig Dr Pepper Inc. (NASDAQ:KDP) declared a quarterly dividend on Wednesday, May 15th, RTT News reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.215 per share on Friday, July 12th. This represents a $0.86 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Friday, June 28th.

Keurig Dr Pepper has raised its dividend by an average of 10.8% annually over the last three years. Keurig Dr Pepper has a payout ratio of 41.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Keurig Dr Pepper to earn $2.06 per share next year, which means the company should continue to be able to cover its $0.86 annual dividend with an expected future payout ratio of 41.7%.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $34.36 on Thursday. The company has a market cap of $46.58 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.60 and a beta of 0.61. 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 stock’s fifty day moving average price is $33.83 and its 200 day moving average price is $32.08. Keurig Dr Pepper has a 1 year low of $27.66 and a 1 year high of $35.00.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the prior year, the company earned $0.34 EPS. Keurig Dr Pepper’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts forecast that Keurig Dr Pepper will post 1.92 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on KDP shares. BNP Paribas began coverage on Keurig Dr Pepper in a research report on Monday. They issued a “neutral” rating and a $36.00 price objective for the company. Truist Financial upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and upped their price objective for the stock from $27.00 to $34.00 in a research report on Monday, June 17th. Barclays boosted their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Jefferies Financial Group lowered their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Finally, TD Cowen boosted their price objective on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus price target of $36.57.

Insider Buying and Selling

In related news, insider Roger Frederick Johnson sold 31,227 shares of Keurig Dr Pepper stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $33.82, for a total transaction of $1,056,097.14. Following the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at $3,382,000. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Roger Frederick Johnson sold 31,227 shares of Keurig Dr Pepper stock in a transaction on Friday, April 26th. The stock was sold at an average price of $33.82, for a total value of $1,056,097.14. Following the transaction, the insider now directly owns 100,000 shares in the company, valued at approximately $3,382,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patrick Minogue sold 17,293 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total transaction of $580,871.87. Following the sale, the insider now owns 67,103 shares in the company, valued at approximately $2,253,989.77. The disclosure for this sale can be found here. Insiders have sold a total of 81,520 shares of company stock valued at $2,750,739 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

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.