Keurig Dr Pepper (KDP) Scheduled to Post Earnings on Thursday

Thursday, July 22, 2021 | MarketBeat

Keurig Dr Pepper (NASDAQ:KDP) is scheduled to be releasing its earnings data before the market opens on Thursday, July 29th. Analysts expect Keurig Dr Pepper to post earnings of $0.37 per share for the quarter. Keurig Dr Pepper has set its FY 2021 guidance at 1.582-1.610 EPS and its FY21 guidance at $1.58-1.61 EPS.Persons that are interested in participating in the company's earnings conference call can do so using this link.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, April 29th. The company reported $0.33 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.31 by $0.02. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.71 billion. Keurig Dr Pepper had a return on equity of 8.74% and a net margin of 12.55%. On average, analysts expect Keurig Dr Pepper to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

KDP opened at $35.50 on Thursday. The stock has a market capitalization of $50.32 billion, a price-to-earnings ratio of 33.81, a P/E/G ratio of 2.54 and a beta of 0.69. Keurig Dr Pepper has a 12 month low of $26.67 and a 12 month high of $37.11. The company has a current ratio of 0.37, a quick ratio of 0.25 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $35.57.

The business also recently declared a quarterly dividend, which was paid on Thursday, July 15th. Investors of record on Thursday, July 1st were given a $0.1875 dividend. The ex-dividend date of this dividend was Wednesday, June 30th. This represents a $0.75 annualized dividend and a yield of 2.11%. This is a positive change from Keurig Dr Pepper's previous quarterly dividend of $0.15. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 53.57%.

Several research firms recently commented on KDP. Evercore ISI reiterated a "hold" rating on shares of Keurig Dr Pepper in a research report on Monday, May 3rd. Wells Fargo & Company upgraded Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $36.00 to $42.00 in a research report on Tuesday, June 29th. Morgan Stanley boosted their target price on Keurig Dr Pepper from $34.00 to $36.00 and gave the company an "equal weight" rating in a research report on Friday, April 30th. Deutsche Bank Aktiengesellschaft boosted their target price on Keurig Dr Pepper from $32.00 to $33.00 and gave the company a "hold" rating in a research report on Wednesday, April 21st. Finally, Credit Suisse Group boosted their target price on Keurig Dr Pepper from $30.00 to $33.00 and gave the company a "neutral" rating in a research report on Friday, April 30th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Keurig Dr Pepper currently has an average rating of "Buy" and an average price target of $37.43.

In related news, insider Herbert Derek Hopkins sold 111,537 shares of the business's stock in a transaction that occurred on Wednesday, May 5th. The stock was sold at an average price of $36.02, for a total value of $4,017,562.74. Following the completion of the sale, the insider now owns 691,117 shares in the company, valued at $24,894,034.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Justin Whitmore purchased 8,916 shares of the stock in a transaction that occurred on Thursday, May 20th. The stock was purchased at an average price of $36.18 per share, with a total value of $322,580.88. Following the acquisition, the insider now directly owns 73,577 shares of the company's stock, valued at approximately $2,662,015.86. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.

About Keurig Dr Pepper

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment offers Keurig single serve brewers and specialty coffee to home, offices, restaurants, cafeterias, convenience stores, and hotels, as well as produces and sells range of other specialty beverages in K-Cup pods, such as hot and iced teas, hot cocoa, and other beverages.

See Also: What is a back-end load?

Earnings History for Keurig Dr Pepper (NASDAQ:KDP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Keurig Dr Pepper right now?

Before you consider Keurig Dr Pepper, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Keurig Dr Pepper wasn't on the list.

While Keurig Dr Pepper currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.