Keurig Dr Pepper, Inc (KDP) to Distribute Quarterly Dividend of $0.23 on October 9th

Keurig Dr Pepper, Inc (NASDAQ:KDP) announced a quarterly dividend on Wednesday, September 16th. Stockholders of record on Monday, September 28th will be given a dividend of $0.23 per share on Friday, October 9th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, September 28th.

Keurig Dr Pepper has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Keurig Dr Pepper has a payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Keurig Dr Pepper to earn $2.52 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 36.5%.

Keurig Dr Pepper Trading Up 3.5%

NASDAQ:KDP opened at $31.95 on Friday. Keurig Dr Pepper has a fifty-two week low of $24.88 and a fifty-two week high of $33.82. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The stock has a market capitalization of $43.48 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 1.45 and a beta of 0.40. The business’s 50-day simple moving average is $31.23 and its 200-day simple moving average is $29.82.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.Keurig Dr Pepper’s revenue for the quarter was up 75.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 EPS. Sell-side analysts expect that Keurig Dr Pepper will post 2.3 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Angela Stephens sold 9,500 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $32.70, for a total value of $310,650.00. Following the sale, the vice president owned 55,786 shares of the company’s stock, valued at $1,824,202.20. The trade was a 14.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $32.55, for a total transaction of $390,600.00. Following the transaction, the insider owned 84,171 shares of the company’s stock, valued at approximately $2,739,766.05. This represents a 12.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KDP. QRG Capital Management Inc. acquired a new stake in Keurig Dr Pepper during the second quarter worth approximately $253,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Keurig Dr Pepper during the second quarter worth approximately $252,000. Sequoia Financial Advisors LLC lifted its holdings in Keurig Dr Pepper by 27.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 43,331 shares of the company’s stock worth $1,418,000 after purchasing an additional 9,259 shares during the last quarter. Tidal Investments LLC lifted its holdings in Keurig Dr Pepper by 7.8% during the 2nd quarter. Tidal Investments LLC now owns 226,106 shares of the company’s stock worth $7,400,000 after purchasing an additional 16,442 shares during the last quarter. Finally, National Pension Service boosted its stake in Keurig Dr Pepper by 7.0% in the 2nd quarter. National Pension Service now owns 2,649,801 shares of the company’s stock valued at $86,728,000 after purchasing an additional 173,128 shares during the period. 93.99% of the stock is currently owned by institutional investors.

About Keurig Dr Pepper

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across the refreshment beverage and coffee categories. The company develops, manufactures, distributes and markets a broad portfolio of soft drinks, flavored beverages, juices, water and mixers, as well as single-serve coffee products and brewing systems.

Its beverage portfolio includes brands such as Dr Pepper, Canada Dry, 7UP, A&W, Snapple, Mott’s, Bai and CORE Hydration. In coffee, Keurig Dr Pepper offers Keurig brewing systems, pods and related products under brands including Green Mountain Coffee Roasters and The Original Donut Shop.