Dr Pepper Snapple Group (DPS) PT Lowered to $122.00 at BMO Capital Markets

Dr Pepper Snapple Group (NYSE:DPS) had its price objective lowered by BMO Capital Markets from $125.00 to $122.00 in a research report released on Thursday morning. BMO Capital Markets currently has a market perform rating on the stock.

DPS has been the topic of a number of other research reports. Credit Suisse Group reaffirmed an outperform rating and issued a $128.00 price objective (up previously from $107.00) on shares of Dr Pepper Snapple Group in a report on Wednesday, January 10th. Sanford C. Bernstein reissued a market perform rating and set a $124.00 target price (up previously from $92.00) on shares of Dr Pepper Snapple Group in a research note on Tuesday, January 30th. Wells Fargo & Co raised shares of Dr Pepper Snapple Group from a market perform rating to an outperform rating in a research note on Monday, October 23rd. Zacks Investment Research raised shares of Dr Pepper Snapple Group from a sell rating to a hold rating in a research note on Wednesday, January 10th. Finally, Jefferies Group reissued a buy rating and set a $115.00 target price on shares of Dr Pepper Snapple Group in a research note on Monday, January 29th. Thirteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $115.14.

Shares of Dr Pepper Snapple Group (NYSE DPS) opened at $115.12 on Thursday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.90 and a quick ratio of 0.74. Dr Pepper Snapple Group has a twelve month low of $83.23 and a twelve month high of $126.65. The firm has a market cap of $20,780.00, a PE ratio of 19.48, a P/E/G ratio of 2.15 and a beta of 0.79.

Dr Pepper Snapple Group (NYSE:DPS) last released its quarterly earnings data on Wednesday, February 14th. The company reported $1.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.17. Dr Pepper Snapple Group had a net margin of 16.08% and a return on equity of 37.05%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter last year, the company earned $0.90 EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. analysts expect that Dr Pepper Snapple Group will post 5.16 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Wednesday, March 21st will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.32 annualized dividend and a yield of 2.02%. Dr Pepper Snapple Group’s payout ratio is 39.26%.

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Dr Pepper Snapple Group by 7.0% in the 4th quarter. BlackRock Inc. now owns 20,528,958 shares of the company’s stock worth $1,992,541,000 after purchasing an additional 1,345,718 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of Dr Pepper Snapple Group in the 4th quarter worth approximately $126,680,000. Schroder Investment Management Group grew its stake in shares of Dr Pepper Snapple Group by 171.6% in the 4th quarter. Schroder Investment Management Group now owns 1,372,885 shares of the company’s stock worth $133,251,000 after purchasing an additional 867,387 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Dr Pepper Snapple Group by 79.7% in the 3rd quarter. Janus Henderson Group PLC now owns 1,732,948 shares of the company’s stock worth $153,314,000 after purchasing an additional 768,412 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of Dr Pepper Snapple Group in the 3rd quarter worth approximately $43,792,000. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Dr Pepper Snapple Group (NYSE:DPS)

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