Dr Pepper Snapple Group (DPS) Posts Earnings Results, Meets Expectations

Dr Pepper Snapple Group (NYSE:DPS) announced its earnings results on Wednesday. The company reported $1.17 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.17, Morningstar.com reports. Dr Pepper Snapple Group had a return on equity of 37.53% and a net margin of 11.06%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the company posted $0.90 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year.

Shares of Dr Pepper Snapple Group (NYSE:DPS) traded up $0.87 during mid-day trading on Thursday, reaching $115.78. The company had a trading volume of 704,174 shares, compared to its average volume of 2,858,699. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.74 and a current ratio of 0.93. The firm has a market capitalization of $20,841.30, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. Dr Pepper Snapple Group has a 1 year low of $83.23 and a 1 year high of $126.65.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Wednesday, March 21st will be given a $0.58 dividend. The ex-dividend date is Tuesday, March 20th. This represents a $2.32 dividend on an annualized basis and a yield of 2.00%. Dr Pepper Snapple Group’s payout ratio is 58.15%.

A number of hedge funds have recently made changes to their positions in the stock. Amica Retiree Medical Trust bought a new position in Dr Pepper Snapple Group during the third quarter worth about $110,000. Aevitas Wealth Management Inc. bought a new position in Dr Pepper Snapple Group during the fourth quarter worth about $136,000. James Hambro & Partners bought a new position in Dr Pepper Snapple Group during the fourth quarter worth about $175,000. Sawyer & Company Inc bought a new position in Dr Pepper Snapple Group during the fourth quarter worth about $205,000. Finally, Cue Financial Group Inc. bought a new position in Dr Pepper Snapple Group during the fourth quarter worth about $205,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.

A number of analysts have recently weighed in on DPS shares. Wells Fargo & Co upgraded Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a research note on Monday, October 23rd. Susquehanna Bancshares set a $89.00 target price on Dr Pepper Snapple Group and gave the company a “hold” rating in a research note on Wednesday, October 25th. Royal Bank of Canada restated a “hold” rating and issued a $91.00 target price on shares of Dr Pepper Snapple Group in a research note on Wednesday, October 25th. Stifel Nicolaus lowered their target price on Dr Pepper Snapple Group from $114.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Finally, Morgan Stanley lowered their target price on Dr Pepper Snapple Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $115.43.

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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.

Earnings History for Dr Pepper Snapple Group (NYSE:DPS)

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