Equities research analysts forecast that Keurig Dr Pepper Inc (NYSE:KDP) will report sales of $2.96 billion for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Keurig Dr Pepper’s earnings, with the highest sales estimate coming in at $2.99 billion and the lowest estimate coming in at $2.95 billion. Keurig Dr Pepper reported sales of $2.81 billion during the same quarter last year, which would suggest a positive year over year growth rate of 5.3%. The business is scheduled to report its next quarterly earnings results on Thursday, February 27th.
According to Zacks, analysts expect that Keurig Dr Pepper will report full year sales of $11.18 billion for the current financial year, with estimates ranging from $11.13 billion to $11.33 billion. For the next year, analysts forecast that the firm will report sales of $11.49 billion, with estimates ranging from $11.42 billion to $11.61 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Keurig Dr Pepper.
Keurig Dr Pepper (NYSE:KDP) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.86 billion. Keurig Dr Pepper had a net margin of 10.13% and a return on equity of 7.27%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 EPS.
Shares of NYSE KDP traded up $0.13 during trading hours on Friday, reaching $30.13. The stock had a trading volume of 83,766 shares, compared to its average volume of 1,990,376. Keurig Dr Pepper has a 52-week low of $24.52 and a 52-week high of $32.00. The firm has a market cap of $43.53 billion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 1.66 and a beta of 0.46. The business’s fifty day moving average price is $29.03 and its two-hundred day moving average price is $28.42. The company has a current ratio of 0.35, a quick ratio of 0.23 and a debt-to-equity ratio of 0.57.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, January 2nd. Keurig Dr Pepper’s payout ratio is currently 57.69%.
In other Keurig Dr Pepper news, insider Mary Beth Denooyer acquired 6,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was purchased at an average price of $27.69 per share, for a total transaction of $166,140.00. Also, Director Robert S. Singer acquired 1,500 shares of the stock in a transaction dated Monday, November 11th. The stock was acquired at an average cost of $29.02 per share, with a total value of $43,530.00. Following the transaction, the director now directly owns 53,001 shares in the company, valued at $1,538,089.02. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 82,500 shares of company stock worth $2,313,255. 0.44% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in KDP. Strs Ohio raised its holdings in shares of Keurig Dr Pepper by 0.4% in the third quarter. Strs Ohio now owns 105,055 shares of the company’s stock worth $2,870,000 after buying an additional 405 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in Keurig Dr Pepper by 1.2% in the 3rd quarter. Great West Life Assurance Co. Can now owns 42,528 shares of the company’s stock worth $1,163,000 after acquiring an additional 510 shares during the last quarter. Rational Advisors LLC raised its stake in Keurig Dr Pepper by 45.2% in the 3rd quarter. Rational Advisors LLC now owns 1,802 shares of the company’s stock worth $49,000 after acquiring an additional 561 shares during the last quarter. Raymond James Trust N.A. lifted its position in Keurig Dr Pepper by 7.3% during the 3rd quarter. Raymond James Trust N.A. now owns 8,349 shares of the company’s stock worth $228,000 after acquiring an additional 570 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its position in Keurig Dr Pepper by 29.2% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 2,520 shares of the company’s stock worth $69,000 after acquiring an additional 570 shares during the period. Hedge funds and other institutional investors own 20.53% of the company’s stock.
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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