Dr Pepper Snapple Group, Inc (NYSE:DPS) announced its quarterly earnings results on Wednesday, October 25th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.06), Bloomberg Earnings reports. Dr Pepper Snapple Group had a net margin of 11.06% and a return on equity of 37.53%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the firm earned $1.17 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Dr Pepper Snapple Group updated its FY17 guidance to $4.50-4.57 EPS.
Dr Pepper Snapple Group (NYSE:DPS) traded up $0.63 during trading hours on Friday, reaching $86.32. The company’s stock had a trading volume of 767,100 shares, compared to its average volume of 1,194,158. Dr Pepper Snapple Group has a 1 year low of $81.05 and a 1 year high of $99.47. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of $15,470.60, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 2.16 and a beta of 0.57.
In other Dr Pepper Snapple Group news, insider Angela A. Stephens sold 3,160 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $92.51, for a total value of $292,331.60. Following the completion of the sale, the insider now directly owns 16,913 shares in the company, valued at $1,564,621.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela A. Stephens sold 7,700 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $91.12, for a total value of $701,624.00. Following the transaction, the insider now owns 6,053 shares of the company’s stock, valued at $551,549.36. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.
Several brokerages have commented on DPS. Susquehanna Bancshares Inc set a $96.00 price target on Dr Pepper Snapple Group and gave the stock a “hold” rating in a research report on Thursday, July 27th. Wells Fargo & Company raised Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a research report on Monday, October 23rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $105.00 price target on shares of Dr Pepper Snapple Group in a research report on Friday, October 27th. Credit Suisse Group set a $107.00 price objective on Dr Pepper Snapple Group and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Jefferies Group LLC lowered their price objective on Dr Pepper Snapple Group from $112.00 to $111.00 and set a “buy” rating on the stock in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $99.45.
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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.
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