UBS AG Boosts Dr Pepper Snapple Group, Inc (DPS) Price Target to $99.00
Dr Pepper Snapple Group, Inc (NYSE:DPS) had its target price upped by UBS AG from $98.00 to $99.00 in a research note issued to investors on Friday morning, 99wallstreet.com reports. UBS AG currently has a neutral rating on the stock.
Several other brokerages have also recently weighed in on DPS. Jefferies Group LLC reiterated a buy rating and issued a $116.00 price objective (up previously from $115.00) on shares of Dr Pepper Snapple Group in a research note on Tuesday, April 18th. Susquehanna Bancshares Inc set a $92.00 price objective on shares of Dr Pepper Snapple Group and gave the stock a hold rating in a research note on Saturday, May 27th. Zacks Investment Research upgraded shares of Dr Pepper Snapple Group from a hold rating to a buy rating and set a $104.00 price objective on the stock in a research note on Tuesday, June 27th. Credit Suisse Group reiterated a buy rating on shares of Dr Pepper Snapple Group in a research note on Friday, June 23rd. Finally, BMO Capital Markets upgraded shares of Dr Pepper Snapple Group from a market perform rating to an outperform rating and increased their price objective for the stock from $98.00 to $105.00 in a research note on Wednesday, June 7th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Dr Pepper Snapple Group has a consensus rating of Hold and a consensus target price of $99.64.
Dr Pepper Snapple Group (NYSE:DPS) opened at 91.16 on Friday. The stock has a 50 day moving average of $91.69 and a 200 day moving average of $93.18. Dr Pepper Snapple Group has a 1-year low of $81.05 and a 1-year high of $99.47. The stock has a market cap of $16.57 billion, a P/E ratio of 21.86 and a beta of 0.61.
Dr Pepper Snapple Group (NYSE:DPS) last issued its quarterly earnings data on Thursday, July 27th. The company reported $1.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by $0.03. Dr Pepper Snapple Group had a return on equity of 38.28% and a net margin of 11.73%. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the company earned $1.25 EPS. Dr Pepper Snapple Group’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts anticipate that Dr Pepper Snapple Group will post $4.65 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Wednesday, June 14th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Monday, June 12th. Dr Pepper Snapple Group’s payout ratio is 55.64%.
A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Dr Pepper Snapple Group by 1,517.3% in the first quarter. BlackRock Inc. now owns 16,369,447 shares of the company’s stock worth $1,602,895,000 after buying an additional 15,357,318 shares during the last quarter. FIL Ltd boosted its stake in Dr Pepper Snapple Group by 521.2% in the first quarter. FIL Ltd now owns 990,941 shares of the company’s stock worth $97,033,000 after buying an additional 831,425 shares during the last quarter. Bank of Montreal Can boosted its stake in Dr Pepper Snapple Group by 43.4% in the first quarter. Bank of Montreal Can now owns 2,679,499 shares of the company’s stock worth $262,375,000 after buying an additional 810,357 shares during the last quarter. FMR LLC boosted its stake in Dr Pepper Snapple Group by 27.4% in the first quarter. FMR LLC now owns 2,850,027 shares of the company’s stock worth $279,075,000 after buying an additional 613,545 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Dr Pepper Snapple Group by 600.3% in the first quarter. Renaissance Technologies LLC now owns 669,500 shares of the company’s stock worth $65,557,000 after buying an additional 573,900 shares during the last quarter. Institutional investors own 89.64% of the company’s stock.
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.
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