Equities research analysts expect Keurig Dr Pepper Inc (NYSE:KDP) to report $2.55 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Keurig Dr Pepper’s earnings, with the lowest sales estimate coming in at $2.53 billion and the highest estimate coming in at $2.57 billion. Keurig Dr Pepper posted sales of $1.59 billion during the same quarter last year, which suggests a positive year over year growth rate of 60.4%. The business is expected to report its next earnings report before the market opens on Thursday, May 9th.
On average, analysts expect that Keurig Dr Pepper will report full-year sales of $11.24 billion for the current fiscal year, with estimates ranging from $11.21 billion to $11.28 billion. For the next year, analysts forecast that the firm will report sales of $11.55 billion, with estimates ranging from $11.46 billion to $11.61 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Keurig Dr Pepper.
Keurig Dr Pepper (NYSE:KDP) last issued its quarterly earnings results on Thursday, February 28th. The company reported $0.30 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.30. Keurig Dr Pepper had a return on equity of 11.13% and a net margin of 9.53%. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.85 billion.
In related news, Director Olivier Goudet purchased 20,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, March 1st. The shares were bought at an average price of $25.43 per share, for a total transaction of $508,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Andrew Loucks purchased 8,500 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average price of $26.29 per share, for a total transaction of $223,465.00. The disclosure for this purchase can be found here. Insiders acquired 46,285 shares of company stock valued at $1,199,274 over the last three months. 0.58% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Keurig Dr Pepper by 39.2% during the fourth quarter. FMR LLC now owns 27,592,939 shares of the company’s stock worth $707,483,000 after buying an additional 7,777,020 shares in the last quarter. Vanguard Group Inc. acquired a new position in Keurig Dr Pepper in the 3rd quarter worth about $388,634,000. Vanguard Group Inc acquired a new position in Keurig Dr Pepper in the 3rd quarter worth about $388,634,000. Cedar Rock Capital Ltd. increased its position in Keurig Dr Pepper by 3.9% in the 4th quarter. Cedar Rock Capital Ltd. now owns 10,872,101 shares of the company’s stock worth $278,761,000 after purchasing an additional 403,117 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Keurig Dr Pepper by 2,892.9% in the 4th quarter. Bank of America Corp DE now owns 10,570,613 shares of the company’s stock worth $271,031,000 after purchasing an additional 10,217,429 shares during the last quarter. Institutional investors own 12.88% of the company’s stock.
Shares of KDP stock traded up $0.37 during trading hours on Wednesday, hitting $26.61. 1,450,391 shares of the company were exchanged, compared to its average volume of 2,494,008. The company has a quick ratio of 0.27, a current ratio of 0.38 and a debt-to-equity ratio of 0.64. Keurig Dr Pepper has a 52-week low of $20.46 and a 52-week high of $124.36. The firm has a market cap of $37.43 billion, a P/E ratio of 25.59, a PEG ratio of 1.44 and a beta of 0.46.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.25%. The ex-dividend date was Thursday, April 4th. Keurig Dr Pepper’s dividend payout ratio is presently 57.69%.
Keurig Dr Pepper Company Profile
Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.
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