Keurig Dr Pepper (KDP) Declares $0.20 Dividend
Keurig Dr Pepper said on May 16, 2023 that its board of directors declared a regular quarterly dividend of $0.20 per share ($0.80 annualized). Previously, the company paid $0.20 per share.
Shares must be purchased before the ex-div date of June 29, 2023 to qualify for the dividend. Shareholders of record as of June 30, 2023 will receive the payment on July 14, 2023.
At the current share price of $32.12 / share, the stock's dividend yield is 2.49%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.14%, the lowest has been 0.65%, and the highest has been 3.46%. The standard deviation of yields is 0.37 (n=237).
The current dividend yield is 0.93 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.85. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.33%, demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 1500 funds or institutions reporting positions in Keurig Dr Pepper. This is a decrease of 10 owner(s) or 0.66% in the last quarter. Average portfolio weight of all funds dedicated to KDP is 0.36%, an increase of 0.33%. Total shares owned by institutions increased in the last three months by 2.06% to 953,231K shares. 
The put/call ratio of KDP is 2.55, indicating a bearish outlook.
Analyst Price Forecast Suggests 22.77% Upside
As of May 11, 2023, the average one-year price target for Keurig Dr Pepper is 39.43. The forecasts range from a low of 30.30 to a high of $47.25. The average price target represents an increase of 22.77% from its latest reported closing price of 32.12.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Keurig Dr Pepper is 14,921MM, an increase of 4.11%. The projected annual non-GAAP EPS is 1.85.
What are Other Shareholders Doing?
Capital International Investors holds 51,596K shares representing 3.68% ownership of the company. In it's prior filing, the firm reported owning 51,205K shares, representing an increase of 0.76%. The firm decreased its portfolio allocation in KDP by 4.46% over the last quarter.
Capital World Investors holds 40,839K shares representing 2.91% ownership of the company. In it's prior filing, the firm reported owning 35,379K shares, representing an increase of 13.37%. The firm increased its portfolio allocation in KDP by 10.74% over the last quarter.
Wellington Management Group Llp holds 39,827K shares representing 2.84% ownership of the company. In it's prior filing, the firm reported owning 30,142K shares, representing an increase of 24.32%. The firm decreased its portfolio allocation in KDP by 81.77% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 27,992K shares representing 1.99% ownership of the company. In it's prior filing, the firm reported owning 25,357K shares, representing an increase of 9.41%. The firm increased its portfolio allocation in KDP by 1.49% over the last quarter.
AMRMX - AMERICAN MUTUAL FUND holds 27,886K shares representing 1.99% ownership of the company. No change in the last quarter.
Keurig Dr Pepper Background Information
(This description is provided by the company.)
Keurig Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue in excess of $11 billionand nearly 26,000 employees. KDP holds leadership positions in soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers, and markets the #1 single serve coffee brewing system in the U.S. and Canada. The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop®. Through its powerful sales and distribution network, KDP can deliver its portfolio of hot and cold beverages to nearly every point of purchase for consumers. The Company is committed to sourcing, producing and distributing its beverages responsibly through its Drink Well. Do Good. corporate responsibility platform, including efforts around circular packaging, efficient natural resource use and supply chain sustainability.
Key filings for this company:
This story originally appeared on Fintel.