FY2018 EPS Estimates for Keurig Dr Pepper Inc (KDP) Lowered by Analyst
Keurig Dr Pepper Inc (NYSE:KDP) – Investment analysts at Jefferies Financial Group decreased their FY2018 earnings per share estimates for Keurig Dr Pepper in a report issued on Thursday, November 8th. Jefferies Financial Group analyst K. Grundy now forecasts that the company will earn $1.03 per share for the year, down from their previous estimate of $1.05. Jefferies Financial Group currently has a “Hold” rating and a $22.00 target price on the stock. Jefferies Financial Group also issued estimates for Keurig Dr Pepper’s Q4 2018 earnings at $0.29 EPS, FY2019 earnings at $1.21 EPS and FY2020 earnings at $1.40 EPS.
Other equities analysts have also issued research reports about the company. Citigroup set a $30.00 target price on Keurig Dr Pepper and gave the company a “hold” rating in a research note on Tuesday. Gabelli lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and set a $28.48 target price on the stock. in a research note on Thursday, November 8th. Macquarie set a $24.00 target price on Keurig Dr Pepper and gave the company a “hold” rating in a research note on Friday, October 12th. ValuEngine raised Keurig Dr Pepper from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, Zacks Investment Research raised Keurig Dr Pepper from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 18th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Keurig Dr Pepper presently has an average rating of “Hold” and a consensus target price of $26.16.
Keurig Dr Pepper (NYSE:KDP) last released its earnings results on Wednesday, November 7th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.02. Keurig Dr Pepper had a return on equity of 15.76% and a net margin of 13.55%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The company’s quarterly revenue was up 139.6% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 19th. Stockholders of record on Friday, October 5th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Thursday, October 4th. Keurig Dr Pepper’s dividend payout ratio is currently 13.22%.
In other Keurig Dr Pepper news, Director Robert S. Singer purchased 5,000 shares of the company’s stock in a transaction dated Friday, November 9th. The shares were bought at an average price of $28.35 per share, with a total value of $141,750.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert S. Singer purchased 10,000 shares of the company’s stock in a transaction dated Thursday, August 30th. The shares were acquired at an average cost of $23.17 per share, for a total transaction of $231,700.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 150,822 shares of company stock worth $3,541,445. 0.58% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Columbia Asset Management acquired a new stake in shares of Keurig Dr Pepper during the third quarter worth about $107,000. Ledyard National Bank bought a new position in shares of Keurig Dr Pepper during the third quarter worth about $117,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Keurig Dr Pepper during the third quarter worth about $116,000. KCM Investment Advisors LLC bought a new position in shares of Keurig Dr Pepper during the second quarter worth about $677,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Keurig Dr Pepper during the third quarter worth about $141,000. 11.91% of the stock is currently owned by institutional investors.
About Keurig Dr Pepper
Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.
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