Keurig Dr Pepper Inc Declares Quarterly Dividend of $0.15 (NYSE:KDP)

Keurig Dr Pepper Inc (NYSE:KDP) announced a quarterly dividend on Tuesday, September 15th, RTT News reports. Investors of record on Friday, October 2nd will be given a dividend of 0.15 per share on Friday, October 16th. This represents a $0.60 dividend on an annualized basis and a yield of 2.08%.

Keurig Dr Pepper has decreased its dividend by 71.7% over the last three years and has increased its dividend annually for the last 1 consecutive years.

Keurig Dr Pepper stock opened at $28.85 on Wednesday. The firm has a market capitalization of $40.53 billion, a P/E ratio of 35.12, a P/E/G ratio of 1.95 and a beta of 0.56. The stock has a fifty day moving average price of $29.71 and a two-hundred day moving average price of $27.67. Keurig Dr Pepper has a 52-week low of $18.98 and a 52-week high of $32.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.31 and a quick ratio of 0.20.

Keurig Dr Pepper (NYSE:KDP) last posted its earnings results on Thursday, July 30th. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. Keurig Dr Pepper had a net margin of 10.32% and a return on equity of 7.91%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. On average, equities research analysts predict that Keurig Dr Pepper will post 1.4 EPS for the current fiscal year.

KDP has been the subject of several recent analyst reports. Jefferies Financial Group upped their target price on shares of Keurig Dr Pepper from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Evercore ISI raised shares of Keurig Dr Pepper from an “in-line” rating to an “outperform” rating and set a $35.00 target price for the company in a research report on Monday, June 1st. Morgan Stanley upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and set a $34.00 price target for the company in a report on Wednesday, August 26th. Finally, Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and upped their price objective for the company from $27.00 to $33.00 in a report on Thursday, July 9th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Keurig Dr Pepper presently has a consensus rating of “Buy” and a consensus price target of $34.00.

In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 45,000,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $29.00, for a total transaction of $1,305,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mondelez International, Inc. sold 14,071,962 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $29.45, for a total transaction of $414,419,280.90. Following the transaction, the director now owns 170,725,048 shares of the company’s stock, valued at $5,027,852,663.60. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

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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Dividend History for Keurig Dr Pepper (NYSE:KDP)

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