Jefferies Group LLC reissued their buy rating on shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) in a report issued on Tuesday, August 1st. They currently have a $112.00 price objective on the stock. Jefferies Group also issued estimates for Dr Pepper Snapple Group’s Q3 2017 earnings at $1.18 EPS, Q4 2017 earnings at $1.23 EPS and FY2017 earnings at $4.67 EPS.
“Earnings delivery for DPS in 2Q was mixed with strong org sales tempered by modest EPS downside as mgmt. accelerated Bai investment. DPS has a long history of value enhancing capital allocation and is leaning in to ensure Bai’s success. Sentiment remains guarded, though we think the shares remain compelling w/estimate achievability very high, org growth attractive (~4% vs. peers ~3%), and stock undervalued at 19x EV/ULFCF (>15% disc. vs. peers).”,” Jefferies Group LLC’s analyst commented.
DPS has been the topic of a number of other research reports. Credit Suisse Group set a $107.00 target price on Dr Pepper Snapple Group and gave the company a buy rating in a research report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a hold rating and set a $91.00 price target on shares of Dr Pepper Snapple Group in a research report on Friday, May 5th. Cowen and Company reaffirmed a hold rating and set a $96.00 price target on shares of Dr Pepper Snapple Group in a research report on Friday, July 14th. Barclays PLC reaffirmed a hold rating and set a $99.00 price target on shares of Dr Pepper Snapple Group in a research report on Friday, April 28th. Finally, BMO Capital Markets upgraded Dr Pepper Snapple Group from a market perform rating to an outperform rating and lifted their target price for the stock from $98.00 to $105.00 in a research note on Wednesday, June 7th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $99.64.
Shares of Dr Pepper Snapple Group (NYSE:DPS) traded down 0.70% during midday trading on Tuesday, hitting $91.08. The company had a trading volume of 1,226,608 shares. Dr Pepper Snapple Group has a 12-month low of $81.05 and a 12-month high of $99.47. The firm’s 50-day moving average is $90.77 and its 200-day moving average is $93.17. The firm has a market capitalization of $16.55 billion, a P/E ratio of 21.84 and a beta of 0.60.
Dr Pepper Snapple Group (NYSE:DPS) last announced its earnings results 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 net margin of 11.73% and a return on equity of 38.28%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the business posted $1.25 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 14th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $2.32 annualized dividend and a yield of 2.55%. Dr Pepper Snapple Group’s dividend payout ratio is presently 55.64%.
In other Dr Pepper Snapple Group news, insider Angela A. Stephens sold 3,160 shares of Dr Pepper Snapple Group stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $92.51, for a total value of $292,331.60. Following the completion of the transaction, the insider now directly owns 16,913 shares of the company’s stock, valued at approximately $1,564,621.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.58% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Huntington National Bank boosted its position in Dr Pepper Snapple Group by 5.4% in the first quarter. Huntington National Bank now owns 1,100 shares of the company’s stock worth $108,000 after buying an additional 56 shares during the period. Baystate Wealth Management LLC boosted its position in shares of Dr Pepper Snapple Group by 5.0% in the first quarter. Baystate Wealth Management LLC now owns 1,113 shares of the company’s stock worth $108,000 after buying an additional 53 shares during the last quarter. Acrospire Investment Management LLC boosted its position in shares of Dr Pepper Snapple Group by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock worth $109,000 after buying an additional 600 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Dr Pepper Snapple Group by 34.9% in the second quarter. Parallel Advisors LLC now owns 1,211 shares of the company’s stock worth $110,000 after buying an additional 313 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Dr Pepper Snapple Group during the first quarter worth about $113,000. 91.54% of the stock is owned by 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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