Keurig Dr Pepper Inc. (KDP) to Issue Quarterly Dividend of $0.23 on April 11th

Keurig Dr Pepper Inc. (NASDAQ:KDP) announced a quarterly dividend on Tuesday, February 11th, RTT News reports. Investors of record on Friday, March 28th will be paid a dividend of 0.23 per share on Friday, April 11th. This represents a $0.92 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Friday, March 28th.

Keurig Dr Pepper has raised its dividend payment by an average of 7.7% per year over the last three years. Keurig Dr Pepper has a dividend payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Keurig Dr Pepper to earn $2.03 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 45.3%.

Keurig Dr Pepper Trading Down 0.1 %

Shares of KDP stock opened at $33.83 on Wednesday. Keurig Dr Pepper has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The firm has a market capitalization of $45.90 billion, a P/E ratio of 20.50, a PEG ratio of 2.42 and a beta of 0.62. The stock’s fifty day moving average is $32.55 and its two-hundred day moving average is $33.59. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the business posted $0.55 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 5.2% on a year-over-year basis. Research analysts expect that Keurig Dr Pepper will post 1.92 earnings per share for the current fiscal year.

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $33.39, for a total transaction of $400,680.00. Following the completion of the transaction, the insider now directly owns 178,511 shares in the company, valued at $5,960,482.29. This trade represents a 6.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Robert James Gamgort sold 416,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the sale, the chairman now owns 3,237,066 shares in the company, valued at $110,998,993.14. This trade represents a 11.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,397,350 shares of company stock worth $2,756,292,570. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

KDP has been the subject of several recent research reports. Morgan Stanley increased their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. JPMorgan Chase & Co. boosted their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Six 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.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average price target of $38.23.

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.