Dr Pepper Snapple Group, Inc (NYSE:DPS) Receives $97.77 Consensus Target Price from Brokerages

Dr Pepper Snapple Group, Inc (NYSE:DPS) has earned an average rating of “Hold” from the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $99.64.

A number of equities analysts have issued reports on DPS shares. Cowen and Company restated a “hold” rating and issued a $96.00 price objective on shares of Dr Pepper Snapple Group in a research report on Friday, July 14th. BidaskClub cut shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Jefferies Group LLC reiterated a “buy” rating and set a $116.00 price target (up previously from $115.00) on shares of Dr Pepper Snapple Group in a research report on Tuesday, April 18th. UBS AG boosted their price target on shares of Dr Pepper Snapple Group from $98.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, July 28th. Finally, Credit Suisse Group reiterated a “buy” rating on shares of Dr Pepper Snapple Group in a research report on Friday, June 23rd.

Shares of Dr Pepper Snapple Group (NYSE DPS) remained flat at $90.38 during mid-day trading on Monday. 615,389 shares of the company’s stock were exchanged. The company has a market cap of $16.42 billion, a PE ratio of 21.67 and a beta of 0.60. Dr Pepper Snapple Group has a 12 month low of $81.05 and a 12 month high of $99.47. The stock has a 50 day moving average of $90.83 and a 200 day moving average of $93.13.

Dr Pepper Snapple Group (NYSE:DPS) last released its quarterly earnings data on Thursday, July 27th. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by $0.03. Dr Pepper Snapple Group had a net margin of 11.73% and a return on equity of 38.28%. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the firm posted $1.25 EPS. Dr Pepper Snapple Group’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts predict that Dr Pepper Snapple Group will post $4.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 14th will be issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, September 13th. This represents a $2.32 dividend on an annualized basis and a yield of 2.57%. Dr Pepper Snapple Group’s dividend payout ratio is currently 55.64%.

WARNING: This piece of content was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://www.com-unik.info/2017/08/11/dr-pepper-snapple-group-inc-nysedps-receives-consensus-rating-of-hold-from-brokerages-updated-updated-updated.html.

A number of hedge funds have recently made changes to their positions in the stock. Huntington National Bank boosted its stake in shares of Dr Pepper Snapple Group by 5.4% in the first quarter. Huntington National Bank now owns 1,100 shares of the company’s stock worth $108,000 after buying an additional 56 shares in the last quarter. Baystate Wealth Management LLC boosted its stake in shares of Dr Pepper Snapple Group by 5.0% in the first quarter. Baystate Wealth Management LLC now owns 1,113 shares of the company’s stock worth $108,000 after buying an additional 53 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Dr Pepper Snapple Group by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock worth $109,000 after buying an additional 600 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Dr Pepper Snapple Group by 34.9% in the second quarter. Parallel Advisors LLC now owns 1,211 shares of the company’s stock worth $110,000 after buying an additional 313 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Dr Pepper Snapple Group during the first quarter worth approximately $113,000. 90.74% of the stock is owned by institutional investors and hedge funds.

About Dr Pepper Snapple Group

Dr Pepper Snapple Group, Inc is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Mexico and Canada. The Company offers a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, water and mixers.

Analyst Recommendations for Dr Pepper Snapple Group (NYSE:DPS)

What are top analysts saying about Dr Pepper Snapple Group Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Dr Pepper Snapple Group Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit