Wall Street brokerages forecast that Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) will post sales of $3.39 billion for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Keurig Dr Pepper’s earnings, with the lowest sales estimate coming in at $3.34 billion and the highest estimate coming in at $3.44 billion. Keurig Dr Pepper posted sales of $3.14 billion during the same quarter last year, which would indicate a positive year over year growth rate of 8%. The business is expected to announce its next earnings report on Monday, January 1st.
On average, analysts expect that Keurig Dr Pepper will report full-year sales of $13.72 billion for the current financial year, with estimates ranging from $13.64 billion to $13.77 billion. For the next year, analysts anticipate that the company will report sales of $14.36 billion, with estimates ranging from $14.17 billion to $14.53 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Keurig Dr Pepper.
Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.01 billion. Keurig Dr Pepper had a net margin of 18.71% and a return on equity of 9.22%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS.
In other Keurig Dr Pepper news, insider Maria A. Sceppaguercio-Gever sold 8,275 shares of the stock in a transaction on Friday, April 29th. The shares were sold at an average price of $37.75, for a total transaction of $312,381.25. Following the transaction, the insider now directly owns 130,435 shares of the company’s stock, valued at $4,923,921.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Anthony Shoemaker acquired 5,500 shares of the firm’s stock in a transaction on Tuesday, May 17th. The shares were bought at an average cost of $35.60 per share, for a total transaction of $195,800.00. Following the completion of the acquisition, the insider now owns 53,500 shares of the company’s stock, valued at $1,904,600. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC raised its position in shares of Keurig Dr Pepper by 7.8% in the first quarter. Advisory Services Network LLC now owns 17,167 shares of the company’s stock valued at $650,000 after buying an additional 1,249 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Keurig Dr Pepper by 3.3% in the first quarter. Neuberger Berman Group LLC now owns 14,001,548 shares of the company’s stock valued at $530,681,000 after buying an additional 447,188 shares during the last quarter. Toroso Investments LLC raised its position in shares of Keurig Dr Pepper by 31.2% in the first quarter. Toroso Investments LLC now owns 73,332 shares of the company’s stock valued at $2,779,000 after buying an additional 17,454 shares during the last quarter. Capital World Investors increased its position in Keurig Dr Pepper by 1.2% during the first quarter. Capital World Investors now owns 52,691,855 shares of the company’s stock worth $1,997,021,000 after purchasing an additional 644,430 shares during the last quarter. Finally, Sawgrass Asset Management LLC acquired a new stake in Keurig Dr Pepper during the first quarter worth about $18,995,000. Institutional investors and hedge funds own 50.58% of the company’s stock.
KDP stock opened at $34.64 on Thursday. The firm’s fifty day simple moving average is $36.87 and its 200-day simple moving average is $36.97. The company has a market capitalization of $49.14 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 3.05 and a beta of 0.63. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.38. Keurig Dr Pepper has a 12 month low of $32.44 and a 12 month high of $39.35.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Friday, July 1st will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Thursday, June 30th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 44.64%.
Keurig Dr Pepper Company Profile (Get Rating)
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.
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