Keurig Dr Pepper (NASDAQ:KDP) Posts Earnings Results, Beats Estimates By $0.04 EPS

Keurig Dr Pepper (NASDAQ:KDP) posted its quarterly earnings data on Thursday. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04, 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 $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same period in the previous year, the firm earned $0.34 earnings per share. The firm’s quarterly revenue was up 3.4% on a year-over-year basis.

Keurig Dr Pepper Trading Down 0.4 %

Shares of Keurig Dr Pepper stock opened at $33.72 on Friday. The company has a market capitalization of $46.79 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 2.57 and a beta of 0.66. The company has a current ratio of 0.51, a quick ratio of 0.25 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $30.41 and a 200 day simple moving average of $31.08. Keurig Dr Pepper has a 12-month low of $27.66 and a 12-month high of $34.65.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $0.215 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 annualized dividend and a yield of 2.55%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.48%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, CEO Robert James Gamgort acquired 171,821 shares of Keurig Dr Pepper stock in a transaction on Tuesday, March 5th. The stock was purchased at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the purchase, the chief executive officer now directly owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $28.90, for a total transaction of $376,956,514.20. Following the sale, the insider now owns 283,443,879 shares of the company’s stock, valued at approximately $8,191,528,103.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert James Gamgort bought 171,821 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the completion of the purchase, the chief executive officer now directly owns 3,179,917 shares in the company, valued at $92,535,584.70. The disclosure for this purchase can be found here. Insiders sold 100,012,132 shares of company stock worth $2,890,354,861 in the last quarter. 0.81% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wedbush dropped their price target on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Morgan Stanley dropped their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Royal Bank of Canada dropped their price target on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. TD Cowen boosted their price objective on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday. Finally, Jefferies Financial Group decreased their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.33.

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.