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

Keurig Dr Pepper, Inc (NASDAQ:KDP) announced a quarterly dividend on Wednesday, May 20th. Shareholders of record on Friday, June 26th will be paid a dividend of 0.23 per share on Friday, July 10th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, June 26th.

Keurig Dr Pepper has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Keurig Dr Pepper has a payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Keurig Dr Pepper to earn $2.53 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 36.4%.

Keurig Dr Pepper Stock Down 0.6%

Shares of NASDAQ:KDP opened at $28.69 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The firm has a market capitalization of $39.03 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 1.32 and a beta of 0.41. The firm’s 50-day moving average is $27.34 and its two-hundred day moving average is $27.84. Keurig Dr Pepper has a 1 year low of $24.88 and a 1 year high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. Analysts predict that Keurig Dr Pepper will post 2.29 EPS for the current year.

Analyst Upgrades and Downgrades

KDP has been the topic of a number of recent research reports. BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Wednesday, April 22nd. Barclays boosted their price objective on Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, April 27th. UBS Group boosted their price objective on Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Wells Fargo & Company lowered their price objective on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Zacks Research downgraded Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday. Six investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Keurig Dr Pepper presently has an average rating of “Hold” and an average price target of $31.57.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.