Dr Pepper Snapple Group, Inc (DPS) Announces $0.58 Quarterly Dividend
Dr Pepper Snapple Group, Inc (NYSE:DPS) announced a quarterly dividend on Thursday, November 16th, RTT News reports. Stockholders of record on Thursday, December 14th will be paid a dividend of 0.58 per share on Thursday, January 4th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.66%.
Dr Pepper Snapple Group has raised its dividend payment by an average of 11.8% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Dr Pepper Snapple Group has a payout ratio of 51.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Dr Pepper Snapple Group to earn $4.87 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 47.6%.
Dr Pepper Snapple Group (NYSE:DPS) traded down $0.21 on Thursday, reaching $87.12. The company had a trading volume of 799,266 shares, compared to its average volume of 1,191,894. Dr Pepper Snapple Group has a fifty-two week low of $82.24 and a fifty-two week high of $99.47. The company has a market capitalization of $15,800.00, a price-to-earnings ratio of 19.96, a PEG ratio of 2.21 and a beta of 0.57. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 2.07.
Dr Pepper Snapple Group (NYSE:DPS) last released its earnings results on Wednesday, October 25th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.06). Dr Pepper Snapple Group had a return on equity of 37.53% and a net margin of 11.06%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the company posted $1.17 EPS. The business’s revenue was up 3.6% on a year-over-year basis. equities research analysts anticipate that Dr Pepper Snapple Group will post 4.54 earnings per share for the current year.
In other Dr Pepper Snapple Group news, insider Angela A. Stephens sold 7,700 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $91.12, for a total transaction of $701,624.00. Following the transaction, the insider now owns 6,053 shares of the company’s stock, valued at $551,549.36. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.58% of the stock is owned by insiders.
Several research firms recently issued reports on DPS. BMO Capital Markets reiterated a “buy” rating and set a $105.00 target price on shares of Dr Pepper Snapple Group in a report on Friday, October 27th. Morgan Stanley dropped their target price on Dr Pepper Snapple Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a report on Thursday, October 26th. Stifel Nicolaus dropped their target price on Dr Pepper Snapple Group from $114.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Royal Bank Of Canada reiterated a “hold” rating and set a $91.00 target price on shares of Dr Pepper Snapple Group in a report on Wednesday, October 25th. Finally, Susquehanna Bancshares Inc set a $89.00 target price on Dr Pepper Snapple Group and gave the stock a “hold” rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Dr Pepper Snapple Group presently has a consensus rating of “Hold” and an average price target of $99.45.
Dr Pepper Snapple Group Company Profile
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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