Keurig Dr Pepper, Inc (KDP) To Go Ex-Dividend on September 28th

Keurig Dr Pepper, Inc (NASDAQ:KDP) announced a quarterly dividend on Wednesday, September 16th. Investors of record on Monday, September 28th will be given a dividend of 0.23 per share on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, September 28th.

Keurig Dr Pepper has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. Keurig Dr Pepper has a payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Keurig Dr Pepper to earn $2.52 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 36.5%.

Keurig Dr Pepper Stock Down 1.2%

Shares of Keurig Dr Pepper stock opened at $31.43 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The stock has a market cap of $42.77 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 1.50 and a beta of 0.40. The firm’s 50-day moving average is $31.19 and its two-hundred day moving average is $29.73. Keurig Dr Pepper has a 1 year low of $24.88 and a 1 year high of $33.82.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The company’s quarterly revenue was up 75.6% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. As a group, research analysts expect that Keurig Dr Pepper will post 2.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on KDP shares. JPMorgan Chase & Co. boosted their price target on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. UBS Group lifted their target price on Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Argus reiterated a “buy” rating and issued a $36.00 target price on shares of Keurig Dr Pepper in a report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Keurig Dr Pepper in a research report on Friday, August 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. Twelve analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across the refreshment beverage and coffee categories. The company develops, manufactures, distributes and markets a broad portfolio of soft drinks, flavored beverages, juices, water and mixers, as well as single-serve coffee products and brewing systems.

Its beverage portfolio includes brands such as Dr Pepper, Canada Dry, 7UP, A&W, Snapple, Mott’s, Bai and CORE Hydration. In coffee, Keurig Dr Pepper offers Keurig brewing systems, pods and related products under brands including Green Mountain Coffee Roasters and The Original Donut Shop.