Keurig Dr Pepper (NYSE:KDP) Announces Quarterly Earnings Results

Keurig Dr Pepper (NYSE:KDP) posted its earnings results on Thursday. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01, Briefing.com reports. Keurig Dr Pepper had a net margin of 8.82% and a return on equity of 7.15%. The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same period in the prior year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Keurig Dr Pepper updated its FY19 guidance to $1.20-1.22 EPS.

NYSE:KDP traded down $0.63 during trading hours on Friday, reaching $29.20. The company’s stock had a trading volume of 2,595,503 shares, compared to its average volume of 2,524,521. The firm has a market capitalization of $39.43 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 1.51 and a beta of 0.45. The firm has a 50-day simple moving average of $27.60 and a 200-day simple moving average of $28.22. Keurig Dr Pepper has a 1 year low of $24.52 and a 1 year high of $32.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.23 and a current ratio of 0.33.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Thursday, October 3rd. Keurig Dr Pepper’s payout ratio is presently 57.69%.

KDP has been the topic of several recent analyst reports. Credit Suisse Group initiated coverage on shares of Keurig Dr Pepper in a research note on Wednesday, July 17th. They issued a “neutral” rating and a $27.00 target price on the stock. Royal Bank of Canada set a $31.00 price objective on shares of Keurig Dr Pepper and gave the company a “buy” rating in a research report on Friday, August 9th. Morgan Stanley raised their price objective on shares of Keurig Dr Pepper from $24.00 to $26.00 and gave the company an “underweight” rating in a research report on Friday. Bank of America raised their price objective on shares of Keurig Dr Pepper from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, ValuEngine upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. Keurig Dr Pepper currently has a consensus rating of “Buy” and an average target price of $30.57.

In other news, Director Robert S. Singer purchased 3,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were acquired at an average price of $28.65 per share, with a total value of $85,950.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mary Beth Denooyer purchased 6,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was purchased at an average cost of $26.78 per share, for a total transaction of $160,680.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 105,727 shares of company stock worth $2,609,271. 0.44% of the stock is owned by corporate insiders.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.

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Earnings History for Keurig Dr Pepper (NYSE:KDP)

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