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

Keurig Dr Pepper (NASDAQ:KDP) is scheduled 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 are interested in participating in the company’s conference call can do so using this link.

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

Shares of NASDAQ:KDP opened at $30.88 on Thursday. The company has a market cap of $42.85 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.31 and a beta of 0.66. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.38 and a quick ratio of 0.25. The firm has a 50 day simple moving average of $30.25 and a 200 day simple moving average of $31.00. Keurig Dr Pepper has a one year low of $27.66 and a one year high of $35.99.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Wednesday, March 27th. Keurig Dr Pepper’s payout ratio is 55.48%.

Insider Buying and Selling

In related news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of Keurig Dr Pepper stock in a transaction on Tuesday, March 5th. The shares were 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 of the company’s stock, valued at $9,579,984,617.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Robert S. Singer sold 12,132 shares of Keurig Dr Pepper stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total transaction of $354,861.00. Following the completion of the transaction, the director now owns 37,643 shares of the company’s stock, valued at $1,101,057.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of Keurig Dr Pepper stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the completion of the sale, the insider now directly owns 331,487,357 shares of the company’s stock, valued at $9,579,984,617.30. The disclosure for this sale can be found here. Insiders sold 100,012,132 shares of company stock valued at $2,890,354,861 over the last quarter. Insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Keurig Dr Pepper

Several hedge funds and other institutional investors have recently bought and sold shares of KDP. Resurgent Financial Advisors LLC bought a new stake in Keurig Dr Pepper in the fourth quarter valued at $34,000. First Manhattan Co. bought a new stake in Keurig Dr Pepper in the fourth quarter valued at $50,000. Covestor Ltd increased its stake in Keurig Dr Pepper by 124.9% in the first quarter. Covestor Ltd now owns 1,592 shares of the company’s stock valued at $60,000 after purchasing an additional 884 shares in the last quarter. KB Financial Partners LLC bought a new stake in Keurig Dr Pepper in the first quarter valued at $67,000. Finally, First Manhattan CO. LLC. increased its stake in Keurig Dr Pepper by 41.8% in the first quarter. First Manhattan CO. LLC. now owns 1,994 shares of the company’s stock valued at $70,000 after purchasing an additional 588 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on KDP. Barclays increased their price objective 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. HSBC began coverage on shares of Keurig Dr Pepper in a research note on Friday, December 22nd. They issued a “hold” rating and a $37.00 price objective for the company. Jefferies Financial Group dropped their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Royal Bank of Canada dropped their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Finally, Morgan Stanley dropped their price target on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday, February 26th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.