Keurig Dr Pepper, Inc (NASDAQ:KDP) Declares Quarterly Dividend of $0.23

Keurig Dr Pepper, Inc (NASDAQ:KDP) announced a quarterly dividend on Tuesday, December 9th. Investors of record on Friday, January 2nd will be paid a dividend of 0.23 per share on Friday, January 16th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, January 2nd.

Keurig Dr Pepper has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Keurig Dr Pepper has a dividend payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Keurig Dr Pepper to earn $2.03 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 45.3%.

Keurig Dr Pepper Price Performance

NASDAQ:KDP traded up $0.15 during trading hours on Wednesday, reaching $29.21. 2,244,245 shares of the company were exchanged, compared to its average volume of 14,535,205. The business has a 50 day moving average of $27.17 and a 200 day moving average of $30.18. Keurig Dr Pepper has a 1-year low of $25.03 and a 1-year high of $36.12. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38. The company has a market capitalization of $39.69 billion, a P/E ratio of 25.18, a P/E/G ratio of 1.87 and a beta of 0.35.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The firm had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The company’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. Research analysts forecast that Keurig Dr Pepper will post 1.92 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Cowen reissued a “hold” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 1st. BNP Paribas downgraded shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. UBS Group reaffirmed a “buy” rating and issued a $35.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. Wells Fargo & Company boosted their price target on Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Friday, October 31st. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.27.

About Keurig Dr Pepper

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.