Trade Report: Today, Gabelli Equities Analysts Reduce Earnings Estimates for Dr Pepper Snapple Group Inc. (DPS)

Today, Gabelli Equities Analysts Reduce Earnings Estimates for Dr Pepper Snapple Group Inc. (DPS)

Dr Pepper Snapple Group Inc. (NYSE:DPS) – Analysts at Gabelli reduced their FY2017 earnings estimates for Dr Pepper Snapple Group in a research note issued to investors on Wednesday. Gabelli analyst D. Witkowski now expects that the brokerage will earn $4.80 per share for the year, down from their prior estimate of $4.85. Gabelli also issued estimates for Dr Pepper Snapple Group’s FY2018 earnings at $5.35 EPS, FY2019 earnings at $6.00 EPS and FY2020 earnings at $6.65 EPS.

DPS has been the topic of a number of other research reports. Wells Fargo & Co. reiterated a “market perform” rating and issued a $92.00 target price (up previously from $90.00) on shares of Dr Pepper Snapple Group in a research report on Sunday, July 31st. Credit Suisse Group AG set a $108.00 price target on Dr Pepper Snapple Group and gave the company a “buy” rating in a research note on Tuesday, October 4th. Evercore ISI lowered Dr Pepper Snapple Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. Stifel Nicolaus reissued a “buy” rating and set a $102.00 price target on shares of Dr Pepper Snapple Group in a research note on Wednesday, October 5th. Finally, Zacks Investment Research raised Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research note on Tuesday, September 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $96.90.

Shares of Dr Pepper Snapple Group (NYSE:DPS) opened at 88.02 on Thursday. Dr Pepper Snapple Group has a 1-year low of $81.05 and a 1-year high of $98.80. The company has a market capitalization of $16.17 billion, a PE ratio of 19.11 and a beta of 0.55. The company’s 50-day moving average price is $86.54 and its 200-day moving average price is $91.98.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Tuesday, December 13th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.41%. The ex-dividend date is Friday, December 9th. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is presently 45.99%.

Institutional investors have recently modified their holdings of the stock. Bowling Portfolio Management LLC raised its position in shares of Dr Pepper Snapple Group by 6.5% in the second quarter. Bowling Portfolio Management LLC now owns 108,783 shares of the company’s stock valued at $10,512,000 after buying an additional 6,659 shares during the period. Capital Fund Management S.A. raised its position in shares of Dr Pepper Snapple Group by 51.5% in the second quarter. Capital Fund Management S.A. now owns 311,748 shares of the company’s stock valued at $30,124,000 after buying an additional 106,031 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Dr Pepper Snapple Group by 2.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 920,538 shares of the company’s stock valued at $88,954,000 after buying an additional 21,113 shares during the period. BB&T Corp raised its position in shares of Dr Pepper Snapple Group by 385.6% in the second quarter. BB&T Corp now owns 182,997 shares of the company’s stock valued at $17,683,000 after buying an additional 145,312 shares during the period. Finally, Bank of Montreal Can acquired a new position in shares of Dr Pepper Snapple Group during the second quarter valued at about $194,014,000. 92.55% of the stock is currently owned by hedge funds and other institutional investors.

About Dr Pepper Snapple Group

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