Trading Report: Today, Dr Pepper Snapple Group’s (DPS) Sell Rating Reaffirmed at Bank of America Corp.

Today, Dr Pepper Snapple Group’s (DPS) Sell Rating Reaffirmed at Bank of America Corp.

Bank of America Corp. reissued their sell rating on shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) in a research report released on Wednesday. Bank of America Corp. currently has a $85.00 target price on the stock.

A number of other brokerages have also issued reports on DPS. Zacks Investment Research raised Dr Pepper Snapple Group from a hold rating to a buy rating and set a $102.00 target price on the stock in a research report on Tuesday, September 20th. Credit Suisse Group AG started coverage on Dr Pepper Snapple Group in a research report on Thursday, September 15th. They issued an outperform rating and a $108.00 target price on the stock. Wells Fargo & Co. reaffirmed a market perform rating and issued a $92.00 target price (up from $90.00) on shares of Dr Pepper Snapple Group in a research report on Sunday, July 31st. Evercore ISI lowered Dr Pepper Snapple Group from a buy rating to a hold rating in a research report on Tuesday. Finally, Goldman Sachs Group Inc. reaffirmed a sell rating and issued a $95.00 target price (up from $89.00) on shares of Dr Pepper Snapple Group in a research report on Friday, July 15th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $96.50.

Dr Pepper Snapple Group (NYSE:DPS) traded up 1.08% during trading on Wednesday, reaching $88.06. 406,492 shares of the company were exchanged. The firm’s 50 day moving average is $92.03 and its 200 day moving average is $92.92. Dr Pepper Snapple Group has a 52-week low of $82.45 and a 52-week high of $98.80. The stock has a market capitalization of $16.33 billion, a PE ratio of 20.16 and a beta of 0.36.

Dr Pepper Snapple Group (NYSE:DPS) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.20 by $0.05. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.68 billion. Dr Pepper Snapple Group had a return on equity of 37.43% and a net margin of 13.04%. Dr Pepper Snapple Group’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 EPS. Analysts expect that Dr Pepper Snapple Group will post $4.37 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 13th were paid a $0.53 dividend. The ex-dividend date was Friday, September 9th. This represents a $2.12 annualized dividend and a dividend yield of 2.43%. Dr Pepper Snapple Group’s payout ratio is 48.51%.

In other 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 value of $194,400.00. Following the completion of the transaction, the insider now owns 40,000 shares of the company’s stock, valued at $3,888,000. The transaction was disclosed in a document filed 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 completion of the transaction, the insider now directly owns 5,462 shares of the company’s stock, valued at approximately $527,793.06. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DPS. Cypress Capital Management LLC WY purchased a new position in shares of Dr Pepper Snapple Group during the second quarter valued at $101,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Dr Pepper Snapple Group during the second quarter valued at $126,000. Compagnie Lombard Odier SCmA boosted 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 valued at $133,000 after buying an additional 916 shares in the last quarter. FCM Investments TX purchased a new position in shares of Dr Pepper Snapple Group during the second quarter valued at $135,000. Finally, Huntington National Bank boosted 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 valued at $138,000 after buying an additional 76 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

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