Keurig Dr Pepper (KDP) Set to Announce Earnings on Thursday

Keurig Dr Pepper (NASDAQ:KDP) is set to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, February 22nd. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the company earned $0.50 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. 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 Stock Performance

NASDAQ:KDP opened at $31.76 on Wednesday. The stock has a market cap of $44.07 billion, a P/E ratio of 20.49, a PEG ratio of 2.40 and a beta of 0.66. The company has a quick ratio of 0.25, a current ratio of 0.38 and a debt-to-equity ratio of 0.39. Keurig Dr Pepper has a twelve month low of $27.66 and a twelve month high of $35.99. The business’s 50-day moving average price is $30.27 and its two-hundred day moving average price is $31.02.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $0.215 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.71%. Keurig Dr Pepper’s dividend payout ratio is 55.48%.

Insider Transactions at Keurig Dr Pepper

In related news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the completion of the transaction, the insider now owns 331,487,357 shares in the company, valued at approximately $9,579,984,617.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Robert S. Singer sold 12,132 shares of the company’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 transaction, 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 is available at this link. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the sale, the insider now owns 331,487,357 shares in the company, valued at approximately $9,579,984,617.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,012,132 shares of company stock worth $2,890,354,861. 0.81% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KDP has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Wedbush decreased their price target 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. Morgan Stanley reduced their price objective on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. Jefferies Financial Group reduced their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Finally, Barclays boosted their price target on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.45.

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.