Credit Suisse Group AG assumed coverage on shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) in a research note released on Thursday. The firm issued an outperform rating and a $108.00 price target on the stock.

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

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Co. reaffirmed a market perform rating and issued a $92.00 price objective (up from $90.00) on shares of Dr Pepper Snapple Group in a research note on Sunday, July 31st. Zacks Investment Research cut Dr Pepper Snapple Group from a hold rating to a sell rating in a research note on Tuesday, July 5th. Goldman Sachs Group Inc. reaffirmed a sell rating and issued a $95.00 price objective (up from $89.00) on shares of Dr Pepper Snapple Group in a research note on Friday, July 15th. Susquehanna reaffirmed a hold rating on shares of Dr Pepper Snapple Group in a research note on Wednesday, September 7th. Finally, Citigroup Inc. lifted their price objective on Dr Pepper Snapple Group from $97.00 to $102.00 and gave the company a neutral rating in a research note on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $96.86.

Shares of Dr Pepper Snapple Group (NYSE:DPS) opened at 90.79 on Thursday. The stock has a market capitalization of $16.83 billion, a PE ratio of 20.79 and a beta of 0.32. Dr Pepper Snapple Group has a 1-year low of $76.78 and a 1-year high of $98.80. The firm has a 50-day moving average price of $94.00 and a 200-day moving average price of $92.99.

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

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

In other Dr Pepper Snapple Group news, insider David Thomas sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was 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 in the company, valued at approximately $3,888,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Martin M. Ellen sold 15,462 shares of the business’s stock in a transaction that occurred 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 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. Company insiders own 0.62% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in DPS. Cypress Capital Management LLC WY acquired a new position in Dr Pepper Snapple Group during the second quarter valued at about $101,000. Fuller & Thaler Asset Management Inc. acquired a new position in Dr Pepper Snapple Group during the second quarter valued at about $126,000. Compagnie Lombard Odier SCmA boosted its position in 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 during the last quarter. FCM Investments TX acquired a new position in Dr Pepper Snapple Group during the second quarter valued at about $135,000. Finally, Huntington National Bank boosted its position in 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 during the last quarter. Institutional investors 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.

5 Day Chart for NYSE:DPS

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