Dr Pepper Snapple Group Inc. (NYSE:DPS) – Analysts at Jefferies Group dropped their Q4 2016 earnings estimates for shares of Dr Pepper Snapple Group in a report issued on Tuesday. Jefferies Group analyst K. Grundy now expects that the brokerage will post earnings per share of $1.06 for the quarter, down from their previous forecast of $1.07. Jefferies Group has a “Hold” rating and a $95.00 price objective on the stock. Jefferies Group also issued estimates for Dr Pepper Snapple Group’s FY2017 earnings at $4.73 EPS and FY2018 earnings at $5.13 EPS.
Several other research firms have also recently commented on DPS. Wells Fargo & Co. reaffirmed a “market perform” rating and issued a $92.00 price target (up previously from $90.00) on shares of Dr Pepper Snapple Group in a report on Sunday, July 31st. Deutsche Bank AG increased their price target on Dr Pepper Snapple Group from $95.00 to $97.00 and gave the company a “hold” rating in a report on Thursday, July 28th. Citigroup Inc. increased their price target on Dr Pepper Snapple Group from $97.00 to $102.00 and gave the company a “neutral” rating in a report on Thursday, July 28th. Susquehanna reaffirmed a “hold” rating on shares of Dr Pepper Snapple Group in a report on Wednesday, September 7th. Finally, Zacks Investment Research cut Dr Pepper Snapple Group from a “buy” rating to a “hold” rating in a report on Friday, September 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $96.90.
Shares of Dr Pepper Snapple Group (NYSE:DPS) opened at 87.26 on Thursday. The stock has a market capitalization of $16.03 billion, a PE ratio of 18.94 and a beta of 0.55. The firm has a 50 day moving average price of $86.56 and a 200 day moving average price of $92.03. Dr Pepper Snapple Group has a one year low of $81.05 and a one year high of $98.80.
Dr Pepper Snapple Group (NYSE:DPS) last issued its earnings results on Thursday, October 27th. The company reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.06. Dr Pepper Snapple Group had a return on equity of 38.19% and a net margin of 13.53%. The business earned $1.68 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the business earned $1.08 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Tuesday, December 13th will be issued a $0.53 dividend. The ex-dividend date is Friday, December 9th. This represents a $2.12 dividend on an annualized basis and a yield of 2.43%. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is presently 45.99%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can bought a new position in Dr Pepper Snapple Group during the second quarter worth about $194,014,000. Prudential Financial Inc. boosted its stake in Dr Pepper Snapple Group by 296.7% in the third quarter. Prudential Financial Inc. now owns 1,461,963 shares of the company’s stock worth $133,491,000 after buying an additional 1,093,461 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in Dr Pepper Snapple Group during the second quarter worth $51,428,000. JPMorgan Chase & Co. boosted its stake in Dr Pepper Snapple Group by 6.7% in the third quarter. JPMorgan Chase & Co. now owns 7,262,198 shares of the company’s stock worth $663,113,000 after buying an additional 453,772 shares in the last quarter. Finally, Boston Partners acquired a new stake in Dr Pepper Snapple Group during the second quarter worth $40,682,000. Hedge funds and other institutional investors own 92.55% of the company’s stock.
About Dr Pepper Snapple Group