Brokerages expect Keurig Dr Pepper Inc (NYSE:KDP) to report earnings of $0.29 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Keurig Dr Pepper’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.31. Keurig Dr Pepper posted earnings of $0.27 per share in the same quarter last year, which would indicate a positive year over year growth rate of 7.4%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, August 8th.
On average, analysts expect that Keurig Dr Pepper will report full year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.25. For the next year, analysts expect that the company will report earnings of $1.40 per share, with EPS estimates ranging from $1.36 to $1.43. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Keurig Dr Pepper.
Keurig Dr Pepper (NYSE:KDP) last issued its earnings results on Thursday, May 9th. The company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Keurig Dr Pepper had a return on equity of 8.95% and a net margin of 9.39%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.54 billion. Keurig Dr Pepper’s quarterly revenue was up 164.1% compared to the same quarter last year.
In other news, Director Robert S. Singer bought 2,000 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were purchased at an average cost of $28.98 per share, with a total value of $57,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Holdings B.V. Maple sold 11,110,216 shares of Keurig Dr Pepper stock in a transaction dated Monday, May 27th. The stock was sold at an average price of $27.82, for a total value of $309,086,209.12. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. First National Trust Co boosted its position in shares of Keurig Dr Pepper by 21.6% in the 2nd quarter. First National Trust Co now owns 9,782 shares of the company’s stock valued at $283,000 after purchasing an additional 1,736 shares during the period. Commonwealth Equity Services LLC boosted its position in Keurig Dr Pepper by 13.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 10,438 shares of the company’s stock worth $301,000 after acquiring an additional 1,211 shares during the period. Machina Capital S.A.S. acquired a new stake in Keurig Dr Pepper during the 2nd quarter worth about $130,000. Meridian Wealth Management LLC boosted its position in Keurig Dr Pepper by 6.9% during the 2nd quarter. Meridian Wealth Management LLC now owns 173,830 shares of the company’s stock worth $5,024,000 after acquiring an additional 11,234 shares during the period. Finally, Winslow Evans & Crocker Inc. boosted its position in Keurig Dr Pepper by 312.6% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 41,432 shares of the company’s stock worth $1,200,000 after acquiring an additional 31,390 shares during the period. Institutional investors and hedge funds own 14.26% of the company’s stock.
NYSE KDP traded down $0.02 during trading hours on Monday, hitting $27.61. The company had a trading volume of 1,993,825 shares, compared to its average volume of 2,547,110. Keurig Dr Pepper has a fifty-two week low of $22.19 and a fifty-two week high of $31.06. The company has a current ratio of 0.32, a quick ratio of 0.23 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average of $29.07. The company has a market cap of $39.12 billion, a price-to-earnings ratio of 26.55, a P/E/G ratio of 1.48 and a beta of 0.46.
The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Wednesday, July 3rd. Keurig Dr Pepper’s payout ratio is currently 57.69%.
Keurig Dr Pepper Company Profile
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
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