Keurig Dr Pepper (NASDAQ:KDP) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Keurig Dr Pepper (NASDAQ:KDP) posted its quarterly earnings data on Thursday. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04, Briefing.com reports. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP traded up $0.05 on Friday, hitting $33.89. The company’s stock had a trading volume of 5,175,902 shares, compared to its average volume of 10,512,685. The company has a market capitalization of $47.03 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 2.46 and a beta of 0.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.38. Keurig Dr Pepper has a 12 month low of $27.66 and a 12 month high of $34.65. The stock’s 50-day moving average is $30.35 and its two-hundred day moving average is $31.05.

Keurig Dr Pepper Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 2.54%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s payout ratio is currently 55.48%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Morgan Stanley lowered their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, February 26th. Barclays boosted their target price on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. TD Cowen raised their price target on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday. Jefferies Financial Group cut 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. Finally, Wedbush decreased their target price on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.33.

Insider Activity at Keurig Dr Pepper

In related news, Director Robert S. Singer sold 12,132 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total value of $354,861.00. Following the completion of the transaction, 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 is accessible through this link. In other news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total value of $354,861.00. Following the transaction, the director now directly owns 37,643 shares of the company’s stock, valued at approximately $1,101,057.75. The disclosure for this sale can be found here. Insiders have sold a total of 100,012,132 shares of company stock worth $2,890,354,861 over the last ninety days. 0.81% of the stock is currently 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.