Keurig Dr Pepper (NASDAQ:KDP) Releases Quarterly Earnings Results, Hits Expectations

by · The Cerbat Gem

Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51, Briefing.com reports. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS.

Keurig Dr Pepper Trading Down 1.0 %

Shares of NASDAQ:KDP traded down $0.36 during midday trading on Friday, reaching $34.58. The company’s stock had a trading volume of 9,207,263 shares, compared to its average volume of 8,694,862. The firm has a market cap of $46.88 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 2.73 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper has a 1 year low of $28.61 and a 1 year high of $38.28. The business has a 50 day moving average price of $36.74 and a 200 day moving average price of $34.59.

Keurig Dr Pepper Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.66%. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper’s payout ratio is 59.35%.

Analysts Set New Price Targets

Several research firms have recently commented on KDP. Wells Fargo & Company reduced their price target on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday. Jefferies Financial Group reduced their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a report on Friday. Barclays lifted their price objective on Keurig Dr Pepper from $37.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Citigroup reduced their price objective on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday. Finally, Royal Bank of Canada lifted their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.50.

Check Out Our Latest Stock Report on KDP

Keurig Dr Pepper Company Profile

(Get Free Report)

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.

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