Credit Suisse Group AG started coverage on shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) in a research report sent to investors on Thursday morning. The firm issued an outperform rating and a $108.00 target price on the stock.

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

Other research analysts have also recently issued reports about the stock. Jefferies Group boosted their target price on shares of 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 shares of 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 restated a hold rating on shares of Dr Pepper Snapple Group in a research note on Wednesday, September 7th. Zacks Investment Research upgraded shares of Dr Pepper Snapple Group from a sell rating to a hold rating in a research note on Tuesday, July 19th. Finally, BMO Capital Markets restated a market perform rating on shares of Dr Pepper Snapple Group in a research note on Friday, July 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. Dr Pepper Snapple Group presently has an average rating of Hold and a consensus target price of $96.86.

Shares of Dr Pepper Snapple Group (NYSE:DPS) opened at 90.77 on Thursday. The firm has a market cap of $16.83 billion, a price-to-earnings ratio of 20.79 and a beta of 0.32. Dr Pepper Snapple Group has a 12 month low of $76.56 and a 12 month high of $98.80. The firm has a 50-day moving average of $94.21 and a 200-day moving average of $93.00.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Tuesday, September 13th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Friday, September 9th. Dr Pepper Snapple Group’s dividend payout ratio is currently 48.51%.

In related news, insider David Thomas sold 2,000 shares of the stock in a transaction on Friday, August 12th. The shares were sold at an average price of $97.20, for a total transaction of $194,400.00. Following the transaction, the insider now owns 40,000 shares of the company’s stock, valued at approximately $3,888,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Martin M. Ellen sold 15,462 shares of the stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $96.63, for a total transaction of $1,494,093.06. Following the transaction, the insider now directly owns 5,462 shares in the company, valued at approximately $527,793.06. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. raised its position in Dr Pepper Snapple Group by 5.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 35,784 shares of the company’s stock valued at $3,335,000 after buying an additional 1,900 shares in the last quarter. Norges Bank acquired a new position in Dr Pepper Snapple Group during the fourth quarter valued at approximately $136,394,000. Chevy Chase Trust Holdings Inc. raised its position in Dr Pepper Snapple Group by 1.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 159,660 shares of the company’s stock valued at $14,276,000 after buying an additional 2,799 shares in the last quarter. DnB Asset Management AS raised its position in Dr Pepper Snapple Group by 22.6% in the first quarter. DnB Asset Management AS now owns 18,447 shares of the company’s stock valued at $1,650,000 after buying an additional 3,400 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Dr Pepper Snapple Group by 16.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 42,720 shares of the company’s stock valued at $3,820,000 after buying an additional 5,893 shares in the last quarter. 92.07% of the stock is currently owned by institutional investors.

About Dr Pepper Snapple Group

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.

5 Day Chart for NYSE:DPS

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