BidaskClub lowered shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) from a hold rating to a sell rating in a research note released on Saturday, August 5th.
A number of other equities research analysts also recently issued reports on DPS. Jefferies Group LLC reiterated a buy rating and issued a $112.00 price objective on shares of Dr Pepper Snapple Group in a research report on Tuesday, August 1st. Susquehanna Bancshares Inc set a $96.00 price objective on Dr Pepper Snapple Group and gave the stock a hold rating in a research report on Thursday, July 27th. Royal Bank Of Canada reiterated a hold rating and issued a $91.00 price objective on shares of Dr Pepper Snapple Group in a research report on Friday, June 9th. BMO Capital Markets reiterated a buy rating and issued a $105.00 price objective on shares of Dr Pepper Snapple Group in a research report on Wednesday, July 12th. Finally, Cowen and Company reiterated a hold rating and issued a $96.00 price objective on shares of Dr Pepper Snapple Group in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Dr Pepper Snapple Group has an average rating of Hold and an average price target of $99.64.
Shares of Dr Pepper Snapple Group (NYSE DPS) traded down 0.70% during trading on Friday, hitting $91.08. The stock had a trading volume of 1,226,608 shares. The company has a market cap of $16.55 billion, a PE ratio of 21.84 and a beta of 0.60. The firm’s 50 day moving average is $90.77 and its 200 day moving average is $93.17. Dr Pepper Snapple Group has a 1-year low of $81.05 and a 1-year high of $99.47.
Dr Pepper Snapple Group (NYSE:DPS) last issued its quarterly earnings data on Thursday, July 27th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.28 by $0.03. Dr Pepper Snapple Group had a return on equity of 38.28% and a net margin of 11.73%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the business posted $1.25 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Equities research analysts anticipate that Dr Pepper Snapple Group will post $4.63 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 14th will be paid a dividend of $0.58 per share. The ex-dividend date is Wednesday, September 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.55%. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is currently 55.64%.
In other news, insider Angela A. Stephens sold 3,160 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $92.51, for a total transaction of $292,331.60. Following the transaction, the insider now directly owns 16,913 shares of the company’s stock, valued at $1,564,621.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.58% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Dr Pepper Snapple Group by 1,517.3% in the first quarter. BlackRock Inc. now owns 16,369,447 shares of the company’s stock worth $1,602,895,000 after buying an additional 15,357,318 shares during the period. Gamco Investors INC. ET AL bought a new position in shares of Dr Pepper Snapple Group during the second quarter worth about $88,794,000. Janus Henderson Group PLC boosted its position in shares of Dr Pepper Snapple Group by 684.7% in the second quarter. Janus Henderson Group PLC now owns 964,536 shares of the company’s stock worth $87,880,000 after buying an additional 841,626 shares during the period. FIL Ltd boosted its stake in Dr Pepper Snapple Group by 521.2% in the first quarter. FIL Ltd now owns 990,941 shares of the company’s stock valued at $97,033,000 after buying an additional 831,425 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Dr Pepper Snapple Group by 43.4% in the first quarter. Bank of Montreal Can now owns 2,679,499 shares of the company’s stock valued at $262,375,000 after buying an additional 810,357 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.
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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