Keurig Dr Pepper (KDP) to Release Earnings on Thursday

Keurig Dr Pepper (NASDAQ:KDP) will release its earnings data before the market opens on Thursday, April 25th. Analysts expect Keurig Dr Pepper to post earnings of $0.34 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data 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. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. Keurig Dr Pepper’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 EPS. 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 company has a fifty day moving average of $30.26 and a 200-day moving average of $31.01. The firm has a market capitalization of $44.07 billion, a P/E ratio of 20.49, a P/E/G ratio of 2.40 and a beta of 0.66. The company has a quick ratio of 0.25, a current ratio of 0.38 and a debt-to-equity ratio of 0.39. Keurig Dr Pepper has a twelve month low of $27.66 and a twelve month high of $35.99.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.71%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s payout ratio is currently 55.48%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CEO Robert James Gamgort purchased 171,821 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average cost of $29.10 per share, with a total value of $4,999,991.10. Following the acquisition, the chief executive officer now owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Robert James Gamgort purchased 171,821 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average cost of $29.10 per share, with a total value of $4,999,991.10. Following the acquisition, the chief executive officer now owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the completion of the sale, the insider now owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,012,132 shares of company stock valued at $2,890,354,861. 0.81% of the stock is owned by insiders.

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.