Keurig Dr Pepper (NASDAQ:KDP) Posts Earnings Results, Beats Expectations By $0.01 EPS

Keurig Dr Pepper (NASDAQ:KDP) announced its earnings results on Tuesday. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01, Zacks reports. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 earnings per share.

Keurig Dr Pepper Stock Up 2.4 %

Shares of KDP stock opened at $34.94 on Wednesday. Keurig Dr Pepper has a 12-month low of $28.61 and a 12-month high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average of $31.86 and a 200-day moving average of $33.94. The company has a market capitalization of $47.39 billion, a price-to-earnings ratio of 21.18, a P/E/G ratio of 2.42 and a beta of 0.61.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

Analyst Ratings Changes

A number of brokerages recently weighed in on KDP. Piper Sandler started coverage on Keurig Dr Pepper in a report on Tuesday. They set a “neutral” rating and a $35.00 price objective on the stock. TD Cowen lowered their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday. Barclays restated an “overweight” rating and issued a $36.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The stock was bought at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the purchase, the insider now directly owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Company Profile

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.