Keurig Dr Pepper Inc. (KDP) To Go Ex-Dividend on September 27th

Keurig Dr Pepper Inc. (NASDAQ:KDP) declared a quarterly dividend on Thursday, September 12th, RTT News reports. Stockholders of record on Friday, September 27th will be given a dividend of 0.23 per share on Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, September 27th. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22.

Keurig Dr Pepper has increased its dividend by an average of 10.8% per year over the last three years. Keurig Dr Pepper has a payout ratio of 44.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Keurig Dr Pepper to earn $2.07 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 44.4%.

Keurig Dr Pepper Trading Down 0.5 %

NASDAQ KDP opened at $37.83 on Wednesday. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper has a 12 month low of $27.66 and a 12 month high of $38.28. The company has a market capitalization of $51.30 billion, a PE ratio of 24.41, a P/E/G ratio of 2.86 and a beta of 0.62. The stock has a 50-day simple moving average of $35.58 and a 200 day simple moving average of $33.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The business had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the firm earned $0.42 EPS. Keurig Dr Pepper’s quarterly revenue was up 3.5% compared to the same quarter last year. Research analysts forecast that Keurig Dr Pepper will post 1.92 EPS for the current year.

Wall Street Analyst Weigh In

KDP has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $41.00 target price on shares of Keurig Dr Pepper in a report on Friday, July 26th. Truist Financial upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and upped their price target for the company from $27.00 to $34.00 in a report on Monday, June 17th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Monday. Barclays reduced their target price on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Finally, UBS Group lifted their price target on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.20.

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.