Keurig Dr Pepper Inc (NYSE:KDP) announced a quarterly dividend on Wednesday, April 29th, RTT News reports. Investors of record on Friday, July 3rd will be given a dividend of 0.15 per share on Friday, July 17th. This represents a $0.60 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Wednesday, July 1st.

Keurig Dr Pepper has a dividend payout ratio of 43.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Keurig Dr Pepper to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 38.7%.

NYSE:KDP opened at $28.30 on Tuesday. Keurig Dr Pepper has a 52 week low of $18.98 and a 52 week high of $32.00. The firm has a 50 day moving average of $27.86 and a 200 day moving average of $27.28. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $39.71 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 1.76 and a beta of 0.62.

Keurig Dr Pepper (NYSE:KDP) last posted its quarterly earnings results on Monday, April 27th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Keurig Dr Pepper had a net margin of 10.51% and a return on equity of 7.71%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $0.25 earnings per share. As a group, analysts expect that Keurig Dr Pepper will post 1.38 EPS for the current year.

A number of research analysts have issued reports on KDP shares. Barclays reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a report on Wednesday, April 29th. Evercore ISI raised shares of Keurig Dr Pepper from an “in-line” rating to an “outperform” rating and set a $35.00 price target for the company in a report on Monday, June 1st. Jefferies Financial Group raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Thursday, June 11th. Citigroup raised their target price on shares of Keurig Dr Pepper from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $31.00 target price on shares of Keurig Dr Pepper in a report on Thursday, April 30th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $31.11.

In related news, Director Robert S. Singer bought 1,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of $28.14 per share, for a total transaction of $28,140.00. Following the completion of the transaction, the director now directly owns 65,500 shares in the company, valued at $1,843,170. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Holdings B.V. Jab bought 7,380,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of $27.16 per share, for a total transaction of $200,440,800.00. 0.41% of the stock is currently owned by company insiders.

About Keurig Dr Pepper

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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Dividend History for Keurig Dr Pepper (NYSE:KDP)

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