Zacks Investment Research upgraded shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) from a hold rating to a buy rating in a research report report published on Monday morning. They currently have $103.00 target price on the stock.
According to Zacks, “Dr Pepper has robust long-term fundamentals – strong position in the flavored CSD market, aggressive RCI cost savings and regular cash returns to its shareholders. Continuing the strong performance seen in 2015, the company delivered solid top-line and bottom-line results in the first half of 2016. Solid execution, pricing gains, innovations, strong NCB performance, powerful marketing programs and productivity improvements have been driving strong sales and earnings growth for Dr Pepper since 2015. Moreover, Dr Pepper raised its earnings expectations for 2016 twice this year. Dr Pepper’s allied brands have been an important driver of volume growth and profits in recent quarters. However, sluggish volumes of its carbonated beverages, including the diet versions, due to CSD category headwinds, raises concerns.”
DPS has been the subject of several other reports. Credit Suisse Group AG started coverage on Dr Pepper Snapple Group in a research note on Thursday, September 15th. They set an outperform rating and a $108.00 price objective for the company. Susquehanna reaffirmed a hold rating on shares of Dr Pepper Snapple Group in a research note on Wednesday, September 7th. Wells Fargo & Co. reaffirmed a market perform rating and set a $92.00 price objective (up from $90.00) on shares of Dr Pepper Snapple Group in a research note on Sunday, July 31st. Jefferies Group upped their price objective on Dr Pepper Snapple Group from $101.00 to $104.00 and gave the company a hold rating in a research note on Thursday, July 28th. Finally, Deutsche Bank AG upped their price objective on Dr Pepper Snapple Group from $95.00 to $97.00 and gave the company a hold rating in a research note on Thursday, July 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $96.92.
Dr Pepper Snapple Group (NYSE:DPS) opened at 91.28 on Monday. The company has a market cap of $16.92 billion, a P/E ratio of 20.90 and a beta of 0.32. The stock’s 50 day moving average price is $93.08 and its 200 day moving average price is $92.97. Dr Pepper Snapple Group has a 52-week low of $78.01 and a 52-week high of $98.80.
Dr Pepper Snapple Group (NYSE:DPS) last posted its earnings results on Wednesday, July 27th. The company reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.05. Dr Pepper Snapple Group had a return on equity of 37.43% and a net margin of 13.04%. The business earned $1.70 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the business earned $1.13 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts expect that Dr Pepper Snapple Group will post $4.37 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Tuesday, September 13th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Friday, September 9th. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is presently 48.51%.
In other Dr Pepper Snapple Group news, insider David Thomas sold 2,000 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $97.20, for a total transaction of $194,400.00. Following the transaction, the insider now owns 40,000 shares of the company’s stock, valued at approximately $3,888,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Martin M. Ellen sold 15,462 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $96.63, for a total value of $1,494,093.06. Following the transaction, the insider now directly owns 5,462 shares in the company, valued at approximately $527,793.06. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Cypress Capital Management LLC WY acquired a new position in shares of Dr Pepper Snapple Group during the second quarter worth $101,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Dr Pepper Snapple Group during the second quarter worth $126,000. Compagnie Lombard Odier SCmA raised its position in shares of Dr Pepper Snapple Group by 203.1% in the second quarter. Compagnie Lombard Odier SCmA now owns 1,367 shares of the company’s stock worth $133,000 after buying an additional 916 shares in the last quarter. FCM Investments TX acquired a new position in shares of Dr Pepper Snapple Group during the second quarter worth $135,000. Finally, Huntington National Bank raised its position in shares of Dr Pepper Snapple Group by 5.6% in the second quarter. Huntington National Bank now owns 1,428 shares of the company’s stock worth $138,000 after buying an additional 76 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.
Dr Pepper Snapple Group Company Profile
Dr Pepper Snapple Group, Inc is an owner, manufacturer and distributor of non-alcoholic beverages in the United States, Canada and Mexico. The Company’s products consist 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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