Keurig Dr Pepper (KDP) Projected to Post Quarterly Earnings on Tuesday

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) is projected to release its earnings data before the market opens on Tuesday, February 25th. Analysts expect Keurig Dr Pepper to post earnings of $0.57 per share and revenue of $4.00 billion for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Keurig Dr Pepper Stock Up 0.2 %

KDP traded up $0.08 during midday trading on Monday, hitting $34.12. 15,291,826 shares of the company's stock traded hands, compared to its average volume of 8,981,652. The company has a market cap of $46.28 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61. The stock's fifty day simple moving average is $31.82 and its 200-day simple moving average is $33.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper has a one year low of $28.61 and a one year high of $38.28.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper's payout ratio is presently 55.76%.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the firm's stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the purchase, the insider now directly owns 218,063,479 shares of the company's stock, valued at approximately $7,270,236,389.86. This represents a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays dropped their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. TD Cowen dropped their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a research report on Tuesday, January 7th. They issued a "neutral" rating and a $35.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price target for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and an average target price of $37.50.

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.