Keurig Dr Pepper, Inc (KDP) To Go Ex-Dividend on January 2nd

Keurig Dr Pepper, Inc (NASDAQ:KDP) declared a quarterly dividend on Tuesday, December 9th. Stockholders of record on Friday, January 2nd will be given a dividend of 0.23 per share on Friday, January 16th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, January 2nd.

Keurig Dr Pepper has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. Keurig Dr Pepper has a dividend 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 Price Performance

Keurig Dr Pepper stock traded down $0.05 during midday trading on Wednesday, reaching $28.11. 459,553 shares of the company were exchanged, compared to its average volume of 14,500,864. The firm’s 50-day simple moving average is $27.78 and its 200-day simple moving average is $29.70. Keurig Dr Pepper has a 1 year low of $25.03 and a 1 year high of $36.12. The company has a market capitalization of $38.18 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 2.05 and a beta of 0.35. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.38 and a current ratio of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. On average, analysts anticipate that Keurig Dr Pepper will post 1.92 EPS for the current year.

Insider Buying and Selling

In related news, VP Angela A. Stephens sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the transaction, the vice president owned 54,200 shares in the company, valued at approximately $1,599,984. This trade represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Keurig Dr Pepper

Hedge funds have recently made changes to their positions in the business. Rise Advisors LLC acquired a new stake in Keurig Dr Pepper in the 1st quarter valued at $25,000. Chung Wu Investment Group LLC purchased a new stake in shares of Keurig Dr Pepper in the second quarter worth about $26,000. NewSquare Capital LLC grew its stake in shares of Keurig Dr Pepper by 94.1% in the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after buying an additional 386 shares in the last quarter. AlphaCore Capital LLC purchased a new stake in shares of Keurig Dr Pepper during the 2nd quarter valued at about $26,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Keurig Dr Pepper during the 3rd quarter valued at about $26,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

About Keurig Dr Pepper

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.