Q3 2017 EPS Estimates for Dr Pepper Snapple Group, Inc Reduced by Analyst (DPS)

Dr Pepper Snapple Group, Inc (NYSE:DPS) – Research analysts at Jefferies Group reduced their Q3 2017 earnings per share (EPS) estimates for Dr Pepper Snapple Group in a report released on Friday. Jefferies Group analyst K. Grundy now forecasts that the company will post earnings per share of $1.13 for the quarter, down from their prior estimate of $1.14. Jefferies Group currently has a “Buy” rating and a $111.00 price target on the stock. Jefferies Group also issued estimates for Dr Pepper Snapple Group’s Q4 2017 earnings at $1.18 EPS, FY2017 earnings at $4.57 EPS, FY2018 earnings at $5.06 EPS and FY2019 earnings at $5.58 EPS.

Several other research analysts also recently commented on DPS. Credit Suisse Group reiterated a “buy” rating on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. BMO Capital Markets reissued a “buy” rating and issued a $105.00 target price on shares of Dr Pepper Snapple Group in a research note on Wednesday, July 12th. Cowen and Company reissued a “hold” rating and issued a $96.00 target price on shares of Dr Pepper Snapple Group in a research note on Friday, July 14th. Susquehanna Bancshares Inc set a $96.00 target price on Dr Pepper Snapple Group and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, UBS AG raised their target price on Dr Pepper Snapple Group from $98.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $99.89.

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Shares of Dr Pepper Snapple Group (NYSE DPS) opened at 89.37 on Monday. The company has a market cap of $16.24 billion, a price-to-earnings ratio of 21.43 and a beta of 0.61. Dr Pepper Snapple Group has a 52-week low of $81.05 and a 52-week high of $99.47. The firm has a 50 day moving average price of $89.95 and a 200-day moving average price of $91.95.

Dr Pepper Snapple Group (NYSE:DPS) last released its quarterly earnings results on Thursday, July 27th. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the firm posted $1.25 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Thursday, September 14th were paid a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $2.32 annualized dividend and a dividend yield of 2.60%. Dr Pepper Snapple Group’s 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 that occurred on Wednesday, August 16th. The stock was sold at an average price of $92.51, for a total transaction of $292,331.60. Following the sale, the insider now directly owns 16,913 shares of the company’s stock, valued at approximately $1,564,621.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Angela A. Stephens sold 7,700 shares of Dr Pepper Snapple Group stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $91.12, for a total value of $701,624.00. Following the sale, the insider now directly owns 6,053 shares in the company, valued at $551,549.36. The disclosure for this sale can be found here. 0.58% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of DPS. Acrospire Investment Management LLC boosted its position in Dr Pepper Snapple Group by 100.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock valued at $109,000 after acquiring an additional 600 shares in the last quarter. Parallel Advisors LLC boosted its position in Dr Pepper Snapple Group by 34.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,211 shares of the company’s stock valued at $110,000 after acquiring an additional 313 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Dr Pepper Snapple Group during the 1st quarter valued at approximately $113,000. Financial Architects Inc boosted its position in Dr Pepper Snapple Group by 4.8% during the 2nd quarter. Financial Architects Inc now owns 1,322 shares of the company’s stock valued at $121,000 after acquiring an additional 61 shares in the last quarter. Finally, Sun Life Financial INC boosted its position in Dr Pepper Snapple Group by 13,360.0% during the 2nd quarter. Sun Life Financial INC now owns 1,346 shares of the company’s stock valued at $123,000 after acquiring an additional 1,336 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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