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.
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.
Recommended Story: Golden Cross
Receive News & Ratings for Keurig Dr Pepper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keurig Dr Pepper and related companies with MarketBeat.com's FREE daily email newsletter.