Dr Pepper Snapple Group, Inc (NYSE:DPS) has received a consensus rating of “Hold” from the sixteen ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $99.25.
DPS has been the topic of several research analyst reports. Jefferies Group LLC restated a “buy” rating and set a $112.00 target price on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. Zacks Investment Research upgraded Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a report on Tuesday, June 27th. UBS AG raised their price target on Dr Pepper Snapple Group from $98.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, July 28th. Credit Suisse Group reiterated a “buy” rating on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. Finally, BMO Capital Markets upgraded Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $98.00 to $105.00 in a report on Wednesday, June 7th. They noted that the move was a valuation call.
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In other Dr Pepper Snapple Group 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 completion of the sale, the insider now directly owns 6,053 shares in the company, valued at approximately $551,549.36. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 sale, the insider now owns 16,913 shares of the company’s stock, valued at $1,564,621.63. The disclosure for this sale can be found here. 0.58% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Chilton Investment Co. LLC purchased a new stake in Dr Pepper Snapple Group during the 2nd quarter valued at $21,943,000. Principal Financial Group Inc. raised its stake in Dr Pepper Snapple Group by 195.9% during the 2nd quarter. Principal Financial Group Inc. now owns 1,209,566 shares of the company’s stock valued at $110,203,000 after buying an additional 800,808 shares during the last quarter. AJO LP raised its stake in Dr Pepper Snapple Group by 57.0% during the 2nd quarter. AJO LP now owns 864,974 shares of the company’s stock valued at $78,808,000 after buying an additional 314,125 shares during the last quarter. Wells Fargo & Company MN raised its stake in Dr Pepper Snapple Group by 0.7% during the 2nd quarter. Wells Fargo & Company MN now owns 2,259,175 shares of the company’s stock valued at $205,835,000 after buying an additional 15,523 shares during the last quarter. Finally, Global Financial Private Capital LLC purchased a new stake in Dr Pepper Snapple Group during 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 (DPS) traded up 0.12% during midday trading on Friday, reaching $88.47. 1,429,005 shares of the company traded hands. Dr Pepper Snapple Group has a 12-month low of $81.05 and a 12-month high of $99.47. The company has a 50-day moving average price of $91.26 and a 200-day moving average price of $92.90. The company has a market cap of $16.08 billion, a price-to-earnings ratio of 21.22 and a beta of 0.61.
Dr Pepper Snapple Group (NYSE:DPS) last announced its earnings results on Thursday, July 27th. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.03). The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.77 billion. Dr Pepper Snapple Group had a return on equity of 38.28% and a net margin of 11.73%. Dr Pepper Snapple Group’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 EPS. On average, analysts predict that Dr Pepper Snapple Group will post $4.60 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 14th will be issued a $0.58 dividend. The ex-dividend date is Wednesday, September 13th. This represents a $2.32 dividend on an annualized basis and a yield of 2.62%. Dr Pepper Snapple Group’s payout ratio is currently 55.64%.
About Dr Pepper Snapple Group
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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