Q3 2024 Earnings Estimate for Keurig Dr Pepper Inc. (NASDAQ:KDP) Issued By Wedbush

Keurig Dr Pepper Inc. (NASDAQ:KDP) – Stock analysts at Wedbush cut their Q3 2024 earnings per share estimates for Keurig Dr Pepper in a research report issued to clients and investors on Friday, April 26th. Wedbush analyst G. Pascarelli now anticipates that the company will post earnings per share of $0.51 for the quarter, down from their previous estimate of $0.52. Wedbush currently has a “Outperform” rating and a $35.00 price target on the stock. The consensus estimate for Keurig Dr Pepper’s current full-year earnings is $1.91 per share. Wedbush also issued estimates for Keurig Dr Pepper’s Q1 2025 earnings at $0.40 EPS, Q3 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.64 EPS and FY2025 earnings at $2.07 EPS.

Several other brokerages have also recently issued reports on KDP. Jefferies Financial Group dropped their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. TD Cowen increased their price objective on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday. Royal Bank of Canada lowered their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Morgan Stanley decreased their target price on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday, February 26th. Finally, Barclays boosted their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.64.

Keurig Dr Pepper Trading Down 0.1 %

Shares of KDP opened at $33.70 on Monday. The company has a 50-day moving average of $30.46 and a 200 day moving average of $31.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34. Keurig Dr Pepper has a 1-year low of $27.66 and a 1-year high of $34.65. The firm has a market capitalization of $45.68 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 2.56 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 earnings per share.

Institutional Investors Weigh In On Keurig Dr Pepper

Institutional investors have recently modified their holdings of the company. Achmea Investment Management B.V. boosted its holdings in Keurig Dr Pepper by 0.8% during the 3rd quarter. Achmea Investment Management B.V. now owns 38,847 shares of the company’s stock valued at $1,226,000 after acquiring an additional 324 shares during the period. Morningstar Investment Management LLC boosted its stake in shares of Keurig Dr Pepper by 1.1% in the fourth quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock valued at $1,051,000 after purchasing an additional 328 shares during the period. Kentucky Retirement Systems grew its holdings in shares of Keurig Dr Pepper by 0.4% in the fourth quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock valued at $2,684,000 after purchasing an additional 344 shares in the last quarter. Operose Advisors LLC increased its stake in Keurig Dr Pepper by 28.7% during the 3rd quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock worth $53,000 after buying an additional 373 shares during the period. Finally, Mckinley Capital Management LLC lifted its holdings in Keurig Dr Pepper by 1.3% during the 3rd quarter. Mckinley Capital Management LLC now owns 35,749 shares of the company’s stock worth $1,129,000 after buying an additional 470 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Keurig Dr Pepper

In other news, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total transaction of $354,861.00. Following the completion of the sale, the director now owns 37,643 shares in the company, valued at approximately $1,101,057.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total transaction of $354,861.00. Following the completion of the sale, the director now directly owns 37,643 shares of the company’s stock, valued at approximately $1,101,057.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert James Gamgort acquired 171,821 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was bought at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the completion of the acquisition, the chief executive officer now owns 3,179,917 shares in the company, valued at approximately $92,535,584.70. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 100,012,132 shares of company stock valued at $2,890,354,861. 0.81% of the stock is owned by company insiders.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.48%.

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.