Keurig Dr Pepper Inc (KDP) Expected to Post Quarterly Sales of $2.81 Billion

Equities analysts predict that Keurig Dr Pepper Inc (NYSE:KDP) will announce sales of $2.81 billion for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Keurig Dr Pepper’s earnings, with the lowest sales estimate coming in at $2.78 billion and the highest estimate coming in at $2.85 billion. Keurig Dr Pepper posted sales of $1.64 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 71.3%. The company is expected to announce its next quarterly earnings results on Wednesday, February 13th.

According to Zacks, analysts expect that Keurig Dr Pepper will report full year sales of $11.01 billion for the current financial year, with estimates ranging from $10.83 billion to $11.13 billion. For the next financial year, analysts expect that the company will post sales of $11.25 billion, with estimates ranging from $10.95 billion to $11.42 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Keurig Dr Pepper.

Keurig Dr Pepper (NYSE:KDP) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. Keurig Dr Pepper had a net margin of 13.55% and a return on equity of 46.22%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. The business’s revenue was up 139.6% on a year-over-year basis.

Several research analysts have weighed in on KDP shares. Goldman Sachs Group started coverage on shares of Keurig Dr Pepper in a report on Wednesday, July 18th. They set a “neutral” rating and a $26.00 price objective on the stock. Jefferies Financial Group lowered their price objective on shares of Keurig Dr Pepper from $25.00 to $22.00 and set a “hold” rating on the stock in a report on Monday, August 20th. Macquarie set a $24.00 price objective on shares of Keurig Dr Pepper and gave the stock a “hold” rating in a report on Friday, October 12th. ValuEngine upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Finally, Bank of America set a $30.00 price objective on shares of Keurig Dr Pepper and gave the stock a “buy” rating in a report on Monday, July 16th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Keurig Dr Pepper presently has a consensus rating of “Hold” and an average price target of $25.38.

KDP traded up $0.05 during trading on Wednesday, hitting $28.52. 1,954,139 shares of the company’s stock were exchanged, compared to its average volume of 3,572,976. The company has a current ratio of 0.93, a quick ratio of 0.75 and a debt-to-equity ratio of 1.52. Keurig Dr Pepper has a fifty-two week low of $20.46 and a fifty-two week high of $126.65. The company has a market cap of $38.37 billion, a price-to-earnings ratio of 6.28, a PEG ratio of 1.65 and a beta of 0.47.

The company also recently announced a quarterly dividend, which was paid on Friday, October 19th. Stockholders of record on Friday, October 5th were issued a $0.15 dividend. The ex-dividend date was Thursday, October 4th. This represents a $0.60 annualized dividend and a dividend yield of 2.10%. Keurig Dr Pepper’s dividend payout ratio is currently 13.22%.

In related news, Director Peter Harf purchased 21,400 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, August 21st. The stock was bought at an average price of $23.43 per share, for a total transaction of $501,402.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Maria A. Sceppaguercio-Gever purchased 42,498 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, August 15th. The shares were bought at an average price of $23.53 per share, with a total value of $999,977.94. The disclosure for this purchase can be found here. In the last quarter, insiders bought 188,320 shares of company stock valued at $4,399,673. 0.58% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Canada Pension Plan Investment Board bought a new position in Keurig Dr Pepper during the third quarter valued at about $2,054,000. Trexquant Investment LP bought a new position in Keurig Dr Pepper during the third quarter valued at about $1,549,000. DekaBank Deutsche Girozentrale bought a new position in Keurig Dr Pepper during the third quarter valued at about $1,202,000. Ontario Teachers Pension Plan Board bought a new position in Keurig Dr Pepper during the third quarter valued at about $278,000. Finally, FMR LLC bought a new position in Keurig Dr Pepper during the third quarter valued at about $459,135,000. Institutional investors own 11.56% of the company’s stock.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.

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