Keurig Dr Pepper (KDP) to Release Earnings on Thursday

Keurig Dr Pepper (NASDAQ:KDP) is set to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the firm posted $0.50 EPS. Keurig Dr Pepper’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, analysts expect Keurig Dr Pepper to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $31.76 on Tuesday. The stock’s fifty day moving average is $30.26 and its 200 day moving average is $31.01. Keurig Dr Pepper has a fifty-two week low of $27.66 and a fifty-two week high of $35.99. The firm has a market capitalization of $44.07 billion, a PE ratio of 20.49, a PEG ratio of 2.40 and a beta of 0.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.38.

Keurig Dr Pepper Announces Dividend

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 of this dividend was Wednesday, March 27th. This represents a $0.86 annualized dividend and a yield of 2.71%. Keurig Dr Pepper’s payout ratio is presently 55.48%.

Insider Transactions at Keurig Dr Pepper

In related news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the firm’s 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 $8,191,528,103.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the firm’s 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 $8,191,528,103.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total value of $354,861.00. Following the sale, the director now directly owns 37,643 shares in the company, valued at approximately $1,101,057.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,012,132 shares of company stock valued at $2,890,354,861. 0.81% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KDP has been the topic of several research analyst reports. Wedbush cut their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Morgan Stanley cut their price objective on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, February 26th. Jefferies Financial Group cut their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Barclays upped their price objective on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Finally, Royal Bank of Canada cut their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.45.

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.