Keurig Dr Pepper Inc. (NASDAQ:KDP) Expected to Post Quarterly Sales of $3.31 Billion

Wall Street brokerages expect Keurig Dr Pepper Inc. (NASDAQ:KDP) to report sales of $3.31 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Keurig Dr Pepper’s earnings, with the lowest sales estimate coming in at $3.23 billion and the highest estimate coming in at $3.34 billion. Keurig Dr Pepper posted sales of $3.12 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.1%. The firm is expected to issue its next earnings results before the market opens on Thursday, February 24th.

According to Zacks, analysts expect that Keurig Dr Pepper will report full-year sales of $12.60 billion for the current fiscal year, with estimates ranging from $12.52 billion to $12.63 billion. For the next year, analysts forecast that the business will post sales of $13.17 billion, with estimates ranging from $12.88 billion to $13.29 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Keurig Dr Pepper.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, October 28th. The company reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Keurig Dr Pepper had a return on equity of 9.10% and a net margin of 13.94%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share.

A number of research analysts have recently commented on KDP shares. Royal Bank of Canada upped their target price on Keurig Dr Pepper from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, October 29th. Zacks Investment Research raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and set a $38.00 price objective on the stock in a research note on Friday, November 12th. Deutsche Bank Aktiengesellschaft increased their price objective on Keurig Dr Pepper from $35.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday, September 20th. Finally, Barclays increased their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, November 1st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $38.44.

Shares of KDP traded up $0.83 during mid-day trading on Friday, reaching $39.28. 8,011,587 shares of the company’s stock traded hands, compared to its average volume of 6,508,136. The stock has a market cap of $55.70 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.69 and a beta of 0.71. The stock’s 50-day moving average is $35.85 and its two-hundred day moving average is $35.28. Keurig Dr Pepper has a 12 month low of $30.28 and a 12 month high of $39.35. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.41 and a quick ratio of 0.27.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 20th. Shareholders of record on Thursday, January 6th will be issued a dividend of $0.1875 per share. The ex-dividend date is Wednesday, January 5th. This represents a $0.75 dividend on an annualized basis and a yield of 1.91%. Keurig Dr Pepper’s dividend payout ratio is currently 61.98%.

Keurig Dr Pepper announced that its board has authorized a share repurchase program on Friday, October 1st that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

In other news, Director Robert S. Singer sold 5,000 shares of the stock in a transaction on Monday, November 8th. The stock was sold at an average price of $36.40, for a total transaction of $182,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Herbert Derek Hopkins sold 68,347 shares of the stock in a transaction on Wednesday, December 22nd. The shares were sold at an average price of $35.56, for a total value of $2,430,419.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,347 shares of company stock valued at $2,971,569. 1.00% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Knowledge Leaders Capital LLC lifted its holdings in shares of Keurig Dr Pepper by 1.2% during the 3rd quarter. Knowledge Leaders Capital LLC now owns 25,200 shares of the company’s stock valued at $861,000 after purchasing an additional 300 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in Keurig Dr Pepper by 5.0% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,390 shares of the company’s stock worth $252,000 after acquiring an additional 350 shares during the last quarter. Seeyond raised its stake in Keurig Dr Pepper by 0.3% in the 2nd quarter. Seeyond now owns 143,965 shares of the company’s stock worth $5,073,000 after acquiring an additional 406 shares during the last quarter. DeDora Capital Inc. raised its stake in Keurig Dr Pepper by 2.6% in the 3rd quarter. DeDora Capital Inc. now owns 18,148 shares of the company’s stock worth $620,000 after acquiring an additional 455 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in Keurig Dr Pepper by 1.9% in the 2nd quarter. HighTower Advisors LLC now owns 25,392 shares of the company’s stock worth $896,000 after acquiring an additional 463 shares during the last quarter. Hedge funds and other institutional investors own 52.77% of the company’s stock.

About Keurig Dr Pepper

Keurig Dr Pepper, Inc engages in the production and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment includes manufacture and distribution of finished goods relating to coffee, pods, and brewers.

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Earnings History and Estimates for Keurig Dr Pepper (NASDAQ:KDP)

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