Keurig Dr Pepper (KDP) Projected to Post Earnings on Thursday

Keurig Dr Pepper (NASDAQ:KDP) is expected to release its earnings data before the market opens on Thursday, April 24th. Analysts expect Keurig Dr Pepper to post earnings of $0.38 per share and revenue of $3.57 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the company earned $0.55 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. 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 Trading Down 0.8 %

NASDAQ KDP opened at $35.11 on Thursday. The company has a market cap of $47.64 billion, a P/E ratio of 21.28, a P/E/G ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper has a 12 month low of $30.12 and a 12 month high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The company has a 50-day moving average of $33.65 and a 200-day moving average of $33.31.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 87.62%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KDP. Barclays set a $39.00 price objective on Keurig Dr Pepper in a report on Thursday, February 27th. TD Cowen dropped their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Piper Sandler raised Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, Morgan Stanley upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $38.00 to $40.00 in a research note on Tuesday, April 1st. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.86.

Insiders Place Their Bets

In other news, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $34.78, for a total transaction of $417,360.00. Following the completion of the sale, the insider now owns 166,511 shares of the company’s stock, valued at approximately $5,791,252.58. This trade represents a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Robert James Gamgort sold 416,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the completion of the sale, the chairman now directly owns 3,237,066 shares in the company, valued at $110,998,993.14. This represents a 11.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 84,409,350 shares of company stock worth $2,756,709,930 in the last quarter. 1.00% of the stock is owned by corporate insiders.

About Keurig Dr Pepper

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.