Keurig Dr Pepper, Inc Announces Quarterly Dividend of $0.23 (NASDAQ:KDP)

Key Points

• Keurig Dr Pepper, Inc has declared a quarterly dividend of $0.23 per share, with a dividend yield of 3.4%, set to be paid on October 10th to stockholders of record by September 26th.
• The company has a payout ratio of 42.4%, indicating its dividend payments are well-covered by earnings, with expectations of an earnings per share (EPS) of $2.03 next year.
• Keurig Dr Pepper's shares recently traded at $26.96, up 0.8%, with a market capitalization of $36.62 billion and a P/E ratio of 13.38.

Keurig Dr Pepper, Inc (NASDAQ:KDP - Get Free Report) announced a quarterly dividend on Tuesday, September 16th, RTT News reports. Stockholders of record on Friday, September 26th will be paid a dividend of 0.23 per share on Friday, October 10th. This represents a c) annualized dividend and a dividend yield of 3.4%.

Keurig Dr Pepper has a payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.8%

Shares of NASDAQ KDP traded up $0.21 during trading on Tuesday, hitting $26.96. 20,145,791 shares of the company traded hands, compared to its average volume of 23,803,532. Keurig Dr Pepper has a 1 year low of $26.58 and a 1 year high of $38.28. The company has a 50-day moving average price of $32.20 and a 200-day moving average price of $33.21. The firm has a market capitalization of $36.62 billion, a P/E ratio of 13.38, a P/E/G ratio of 1.46 and a beta of 0.47. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The company had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 EPS. On average, equities analysts predict that Keurig Dr Pepper will post 1.92 EPS for the current year.

Insider Buying and Selling

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 7,601 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total value of $272,951.91. Following the completion of the transaction, the director owned 2,284,568 shares in the company, valued at approximately $82,038,836.88. This represents a 0.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the transaction, the insider owned 82,511 shares of the company's stock, valued at approximately $2,777,320.26. This trade represents a 12.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 459,601 shares of company stock worth $15,228,872 over the last quarter. Insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KDP. Janus Henderson Group PLC boosted its holdings in shares of Keurig Dr Pepper by 1.7% in the fourth quarter. Janus Henderson Group PLC now owns 157,359 shares of the company's stock valued at $5,055,000 after acquiring an additional 2,579 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Keurig Dr Pepper by 17.6% in the fourth quarter. Quantinno Capital Management LP now owns 67,732 shares of the company's stock valued at $2,176,000 after acquiring an additional 10,143 shares in the last quarter. Snowden Capital Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 113.0% in the fourth quarter. Snowden Capital Advisors LLC now owns 36,466 shares of the company's stock valued at $1,171,000 after acquiring an additional 19,344 shares in the last quarter. Toronto Dominion Bank lifted its stake in Keurig Dr Pepper by 10.1% during the fourth quarter. Toronto Dominion Bank now owns 646,561 shares of the company's stock valued at $20,768,000 after purchasing an additional 59,137 shares during the last quarter. Finally, State of Wyoming lifted its stake in Keurig Dr Pepper by 243.0% during the fourth quarter. State of Wyoming now owns 7,031 shares of the company's stock valued at $226,000 after purchasing an additional 4,981 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

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.

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