Trade Report: Today, Jefferies Group Analysts Cut Earnings Estimates for Dr Pepper Snapple Group Inc. (DPS)

Today, Jefferies Group Analysts Cut Earnings Estimates for Dr Pepper Snapple Group Inc. (DPS)

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.

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