Keurig Dr Pepper Inc. (KDP) to Issue Quarterly Dividend of $0.23 on April 11th

Keurig Dr Pepper Inc. (NASDAQ:KDP) declared a quarterly dividend on Tuesday, February 11th,RTT News reports. Shareholders of record on Friday, March 28th will be paid a dividend of 0.23 per share on Friday, April 11th. This represents a $0.92 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Friday, March 28th.

Keurig Dr Pepper has raised its dividend payment by an average of 7.7% annually over the last three years. Keurig Dr Pepper has a payout ratio of 42.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Keurig Dr Pepper to earn $2.04 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 45.1%.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $31.67 on Thursday. The stock has a market capitalization of $42.96 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 2.16 and a beta of 0.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. Keurig Dr Pepper has a 52 week low of $28.61 and a 52 week high of $38.28. The stock has a fifty day moving average of $31.92 and a 200-day moving average of $34.04.

Insider Activity

In related news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the purchase, the insider now directly owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. The trade was a 1.69 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KDP shares. Citigroup cut their price objective on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 25th. TD Cowen dropped their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a research report on Tuesday, January 7th. They issued a “neutral” rating and a $35.00 price target for the company. Royal Bank of Canada raised their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company reduced their price objective on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

Keurig Dr Pepper Company Profile

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.