Keurig Dr Pepper Inc (NYSE:KDP) Declares $0.15 Quarterly Dividend

Keurig Dr Pepper Inc (NYSE:KDP) announced a quarterly dividend on Tuesday, September 15th, RTT News reports. Stockholders of record on Friday, October 2nd will be given a dividend of 0.15 per share on Friday, October 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.08%.

Keurig Dr Pepper has decreased its dividend payment by 71.7% over the last three years and has increased its dividend every year for the last 1 years.

Shares of KDP stock traded down $0.01 during trading hours on Tuesday, reaching $28.80. 3,501,708 shares of the stock traded hands, compared to its average volume of 4,208,414. Keurig Dr Pepper has a 1-year low of $18.98 and a 1-year high of $32.00. The business has a fifty day moving average price of $29.74 and a 200 day moving average price of $27.68. The company has a quick ratio of 0.20, a current ratio of 0.31 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $40.54 billion, a PE ratio of 35.13, a PEG ratio of 1.95 and a beta of 0.56.

Keurig Dr Pepper (NYSE:KDP) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. Keurig Dr Pepper had a net margin of 10.32% and a return on equity of 7.91%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the business earned $0.30 earnings per share. The firm’s revenue was up 1.8% compared to the same quarter last year. Research analysts expect that Keurig Dr Pepper will post 1.4 earnings per share for the current fiscal year.

A number of research firms have commented on KDP. Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and boosted their price target for the company from $27.00 to $33.00 in a research report on Thursday, July 9th. Jefferies Financial Group boosted their target price on Keurig Dr Pepper from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Morgan Stanley upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and set a $34.00 price target on the stock in a research report on Wednesday, August 26th. Finally, Evercore ISI upgraded Keurig Dr Pepper from an “in-line” rating to an “outperform” rating and set a $35.00 price target on the stock in a research report on Monday, June 1st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Keurig Dr Pepper currently has a consensus rating of “Buy” and a consensus target price of $34.00.

In other news, Director Olivier Goudet acquired 20,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, September 8th. The shares were purchased at an average price of $29.06 per share, with a total value of $581,200.00. Following the acquisition, the director now owns 60,000 shares in the company, valued at $1,743,600. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mondelez International, Inc. sold 14,071,962 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $29.45, for a total value of $414,419,280.90. Following the transaction, the director now directly owns 170,725,048 shares in the company, valued at approximately $5,027,852,663.60. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

About Keurig Dr Pepper

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.

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Dividend History for Keurig Dr Pepper (NYSE:KDP)

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