Dr Pepper Snapple Group (NYSE:DPS) had its price objective reduced by BMO Capital Markets from $125.00 to $122.00 in a report released on Thursday morning. They currently have a market perform rating on the stock.
A number of other equities research analysts also recently commented on the company. Susquehanna Bancshares set a $129.00 price objective on Dr Pepper Snapple Group and gave the company a hold rating in a research report on Monday, February 12th. Barclays raised Dr Pepper Snapple Group from an equal weight rating to an overweight rating and lifted their price objective for the company from $88.00 to $130.00 in a research report on Tuesday, February 6th. Gabelli raised Dr Pepper Snapple Group from a hold rating to a buy rating in a research report on Thursday, February 1st. Morgan Stanley downgraded Dr Pepper Snapple Group to an equal weight rating in a research report on Wednesday, January 31st. Finally, Cowen reaffirmed a hold rating and issued a $128.00 price objective on shares of Dr Pepper Snapple Group in a research report on Tuesday, January 30th. Thirteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $115.14.
Shares of Dr Pepper Snapple Group (NYSE:DPS) opened at $115.12 on Thursday. The company has a market capitalization of $20,692.14, a price-to-earnings ratio of 25.41, a PEG ratio of 2.18 and a beta of 0.79. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.90 and a quick ratio of 0.72. Dr Pepper Snapple Group has a 1 year low of $83.23 and a 1 year high of $126.65.
Dr Pepper Snapple Group (NYSE:DPS) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $1.17 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.17. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.66 billion. Dr Pepper Snapple Group had a return on equity of 37.05% and a net margin of 16.08%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 earnings per share. analysts expect that Dr Pepper Snapple Group will post 5.16 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Wednesday, March 21st will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Tuesday, March 20th. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is presently 39.32%.
Hedge funds have recently bought and sold shares of the business. Amica Retiree Medical Trust purchased a new stake in Dr Pepper Snapple Group during the third quarter valued at about $110,000. Aevitas Wealth Management Inc. purchased a new stake in Dr Pepper Snapple Group during the fourth quarter valued at about $136,000. James Hambro & Partners purchased a new stake in Dr Pepper Snapple Group during the fourth quarter valued at about $175,000. Sawyer & Company Inc purchased a new stake in Dr Pepper Snapple Group during the fourth quarter valued at about $205,000. Finally, Cue Financial Group Inc. purchased a new stake in Dr Pepper Snapple Group during the fourth quarter valued at about $205,000. 93.10% of the stock is owned by hedge funds and other institutional investors.
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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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