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.
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.
ILLEGAL ACTIVITY WARNING: “Dr Pepper Snapple Group (DPS) PT Lowered to $122.00 at BMO Capital Markets” was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://stocknewstimes.com/2018/02/18/dr-pepper-snapple-group-dps-pt-lowered-to-122-00-at-bmo-capital-markets-2.html.
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.
Receive News & Ratings for Dr Pepper Snapple Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dr Pepper Snapple Group and related companies with MarketBeat.com's FREE daily email newsletter.