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.”
Several other equities analysts have also commented on DPS. Jefferies Group upped their price target 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. Deutsche Bank AG upped their price target 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. Susquehanna reaffirmed a hold rating on shares of Dr Pepper Snapple Group in a research note on Wednesday, September 7th. BMO Capital Markets reaffirmed a market perform rating on shares of Dr Pepper Snapple Group in a research note on Friday, July 15th. Finally, 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 research note on Sunday, July 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $96.86.
Dr Pepper Snapple Group (NYSE:DPS) traded down 0.35% during trading on Friday, reaching $91.29. The company’s stock had a trading volume of 93,442 shares. The stock has a 50 day moving average price of $93.55 and a 200 day moving average price of $92.98. Dr Pepper Snapple Group has a 1-year low of $76.80 and a 1-year high of $98.80. The stock has a market capitalization of $16.93 billion, a PE ratio of 20.90 and a beta of 0.32.
Dr Pepper Snapple Group (NYSE:DPS) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.05. The company 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%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 earnings per share. Analysts anticipate that Dr Pepper Snapple Group will post $4.37 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 13th will be issued a $0.53 dividend. The ex-dividend date is Friday, September 9th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.31%. Dr Pepper Snapple Group’s payout ratio is currently 48.51%.
In other news, insider David Thomas sold 2,000 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $97.20, for a total value of $194,400.00. Following the transaction, the insider now owns 40,000 shares in the company, valued at approximately $3,888,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Martin M. Ellen sold 15,462 shares of the stock in a transaction dated Thursday, July 28th. The shares were 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 owns 5,462 shares in the company, 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 the stock. Commonwealth Equity Services Inc increased its position in Dr Pepper Snapple Group by 30.0% in the first quarter. Commonwealth Equity Services Inc now owns 9,151 shares of the company’s stock worth $818,000 after buying an additional 2,112 shares in the last quarter. Mn Services Vermogensbeheer B.V. purchased a new position in Dr Pepper Snapple Group during the first quarter worth about $371,000. Thomas White International Ltd. purchased a new position in Dr Pepper Snapple Group during the first quarter worth about $1,343,000. Nisa Investment Advisors L.L.C. increased its position in Dr Pepper Snapple Group by 43.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 25,871 shares of the company’s stock worth $2,313,000 after buying an additional 7,840 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Dr Pepper Snapple Group by 101.5% in the first quarter. IFP Advisors Inc now owns 5,944 shares of the company’s stock worth $532,000 after buying an additional 2,994 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dr Pepper Snapple Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dr Pepper Snapple Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.