Macquarie began coverage on shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) in a research report report published on Friday, Marketbeat Ratings reports. The firm issued a neutral rating and a $95.00 target price on the stock.
Several other research firms have also recently issued reports on DPS. Susquehanna Bancshares Inc set a $92.00 price target on Dr Pepper Snapple Group and gave the company a hold rating in a report on Saturday, May 27th. Zacks Investment Research upgraded shares of Dr Pepper Snapple Group from a hold rating to a buy rating and set a $104.00 price objective on the stock in a research report on Tuesday, June 27th. Credit Suisse Group reiterated a buy rating on shares of Dr Pepper Snapple Group in a research report on Friday, June 23rd. BidaskClub upgraded shares of Dr Pepper Snapple Group from a sell rating to a hold rating in a research report on Thursday, August 17th. Finally, Jefferies Group LLC reiterated a buy rating and set a $112.00 price objective on shares of Dr Pepper Snapple Group in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $99.25.
Shares of Dr Pepper Snapple Group (DPS) opened at 91.97 on Friday. The firm’s 50-day moving average price is $91.24 and its 200-day moving average price is $92.92. The firm has a market cap of $16.71 billion, a PE ratio of 22.06 and a beta of 0.61. Dr Pepper Snapple Group has a one year low of $81.05 and a one year high of $99.47.
Dr Pepper Snapple Group (NYSE:DPS) last posted its quarterly earnings results on Thursday, July 27th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by ($0.03). The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.77 billion. Dr Pepper Snapple Group had a net margin of 11.73% and a return on equity of 38.28%. Dr Pepper Snapple Group’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 EPS. Equities research analysts expect that Dr Pepper Snapple Group will post $4.63 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 14th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Wednesday, September 13th. Dr Pepper Snapple Group’s dividend payout ratio is currently 55.64%.
In other news, insider Angela A. Stephens sold 7,700 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $91.12, for a total transaction of $701,624.00. Following the transaction, the insider now directly owns 6,053 shares in the company, valued at approximately $551,549.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Angela A. Stephens sold 3,160 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $92.51, for a total transaction of $292,331.60. Following the transaction, the insider now owns 16,913 shares in the company, valued at $1,564,621.63. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Fundsmith LLP lifted its stake in shares of Dr Pepper Snapple Group by 0.5% in the 1st quarter. Fundsmith LLP now owns 5,329,086 shares of the company’s stock valued at $521,824,000 after purchasing an additional 24,232 shares during the last quarter. Chilton Investment Co. LLC acquired a new stake in shares of Dr Pepper Snapple Group in the 2nd quarter valued at $21,943,000. Principal Financial Group Inc. lifted its stake in shares of Dr Pepper Snapple Group by 195.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,209,566 shares of the company’s stock valued at $110,203,000 after purchasing an additional 800,808 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Dr Pepper Snapple Group in the 1st quarter valued at $1,332,000. Finally, Global Financial Private Capital LLC acquired a new stake in shares of Dr Pepper Snapple Group in the 1st quarter valued at $1,708,000. Institutional investors and hedge funds own 89.98% of the company’s stock.
Dr Pepper Snapple Group Company Profile
Dr Pepper Snapple Group, Inc is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Mexico and Canada. The Company offers a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, water and mixers.
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