Keurig Dr Pepper, Inc (KDP) To Go Ex-Dividend on January 2nd

Keurig Dr Pepper, Inc (NASDAQ:KDP) announced a quarterly dividend on Tuesday, December 9th. Shareholders of record on Friday, January 2nd will be given a dividend of 0.23 per share on Friday, January 16th. This represents a c) annualized dividend and a 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 raised its dividend every year for the last 4 years. Keurig Dr Pepper has a payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Up 1.6%

KDP stock opened at $29.53 on Thursday. The company has a market cap of $40.12 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 1.87 and a beta of 0.35. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper has a twelve month low of $25.03 and a twelve month high of $36.12. The business’s 50-day simple moving average is $27.24 and its 200 day simple moving average is $30.18.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on KDP. TD Cowen lowered their price target on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. Barclays boosted their price objective on Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Piper Sandler cut their price target on Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. The Goldman Sachs Group cut their price target on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, August 26th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Hold” and an average 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.