Deutsche Bank Begins Coverage on Dr Pepper Snapple Group (DPS)

Deutsche Bank initiated coverage on shares of Dr Pepper Snapple Group (NYSE:DPS) in a research note released on Wednesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $104.00 price target on the stock.

Several other equities research analysts have also issued reports on the stock. Morgan Stanley decreased their price target on shares of 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. Wells Fargo & Company raised shares of Dr Pepper Snapple Group from a market perform rating to an outperform rating in a report on Monday, October 23rd. Macquarie started coverage on shares of Dr Pepper Snapple Group in a report on Friday, September 15th. They set a neutral rating and a $95.00 target price on the stock. BMO Capital Markets reissued a buy rating and set a $105.00 target price on shares of Dr Pepper Snapple Group in a report on Wednesday, September 6th. Finally, Royal Bank of Canada reissued a hold rating and set a $91.00 target price on shares of Dr Pepper Snapple Group in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Dr Pepper Snapple Group presently has a consensus rating of Hold and an average price target of $99.83.

Shares of Dr Pepper Snapple Group (DPS) opened at $93.92 on Wednesday. The stock has a market cap of $16,786.75, a P/E ratio of 21.13, a P/E/G ratio of 2.34 and a beta of 0.59. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 2.07. Dr Pepper Snapple Group has a 1-year low of $83.23 and a 1-year high of $99.47.

Dr Pepper Snapple Group (NYSE:DPS) last announced its quarterly 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). The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.77 billion. Dr Pepper Snapple Group had a net margin of 11.06% and a return on equity of 37.53%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. research analysts anticipate that Dr Pepper Snapple Group will post 4.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Wednesday, December 13th. Dr Pepper Snapple Group’s payout ratio is 58.15%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Gamco Investors INC. ET AL acquired a new position in shares of Dr Pepper Snapple Group in the 2nd quarter worth approximately $88,794,000. Janus Henderson Group PLC lifted its position in shares of Dr Pepper Snapple Group by 684.7% in the 2nd quarter. Janus Henderson Group PLC now owns 964,536 shares of the company’s stock worth $87,880,000 after purchasing an additional 841,626 shares during the period. BlackRock Inc. lifted its position in shares of Dr Pepper Snapple Group by 4.9% in the 2nd quarter. BlackRock Inc. now owns 17,172,007 shares of the company’s stock worth $1,564,543,000 after purchasing an additional 802,560 shares during the period. Principal Financial Group Inc. lifted its position in shares of Dr Pepper Snapple Group by 195.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,209,566 shares of the company’s stock worth $110,203,000 after purchasing an additional 800,808 shares during the period. Finally, Gabelli Funds LLC acquired a new position in shares of Dr Pepper Snapple Group in the 2nd quarter worth approximately $64,750,000. 91.27% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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