Keurig Dr Pepper (NASDAQ:KDP) Announces Earnings Results, Meets Expectations

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

Keurig Dr Pepper Stock Down 1.0 %

NASDAQ:KDP opened at $34.58 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The stock has a fifty day simple moving average of $36.73 and a 200-day simple moving average of $34.62. The company has a market cap of $46.88 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 2.73 and a beta of 0.62. Keurig Dr Pepper has a twelve month low of $28.61 and a twelve month high of $38.28.

Keurig Dr Pepper Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.66%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 59.35%.

Analysts Set New Price Targets

KDP has been the topic of several recent analyst reports. Wells Fargo & Company cut their price target on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday. Barclays lifted their price target on Keurig Dr Pepper from $37.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Royal Bank of Canada boosted their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup reduced their price target on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday. Finally, Jefferies Financial Group decreased their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research note 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 an average target price of $38.50.

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.