Keurig Dr Pepper Inc. (NASDAQ:KDP) Announces Quarterly Dividend of $0.23

Keurig Dr Pepper Inc. (NASDAQ:KDP) declared a quarterly dividend on Tuesday, December 10th,RTT News reports. Investors of record on Friday, January 3rd will be given a dividend of 0.23 per share on Friday, January 17th. This represents a $0.92 annualized dividend and a yield of 2.74%.

Keurig Dr Pepper has increased its dividend by an average of 10.8% annually over the last three years. Keurig Dr Pepper has a dividend payout ratio of 44.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Keurig Dr Pepper to earn $2.05 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 44.9%.

Keurig Dr Pepper Stock Performance

KDP stock traded down $0.08 during midday trading on Tuesday, reaching $33.52. 7,159,214 shares of the company’s stock traded hands, compared to its average volume of 9,249,177. Keurig Dr Pepper has a 52 week low of $28.61 and a 52 week high of $38.28. The company has a 50-day moving average price of $34.14 and a two-hundred day moving average price of $34.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The firm has a market capitalization of $45.47 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 2.53 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the company earned $0.48 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current year.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the transaction, the insider now owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. This represents a 24.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company decreased their target price on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Barclays lowered their price objective on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Finally, TD Cowen lifted their price target on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, September 26th. Seven 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.36.

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.