Traders sold shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) on strength during trading on Thursday. $56.00 million flowed into the stock on the tick-up and $101.95 million flowed out of the stock on the tick-down, for a money net flow of $45.95 million out of the stock. Of all equities tracked, Dr Pepper Snapple Group had the 0th highest net out-flow for the day. Dr Pepper Snapple Group traded up $1.05 for the day and closed at $117.35
DPS has been the subject of a number of analyst reports. ValuEngine upgraded Dr Pepper Snapple Group from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Wells Fargo & Co upped their target price on Dr Pepper Snapple Group from $98.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. Deutsche Bank initiated coverage on Dr Pepper Snapple Group in a report on Wednesday, December 13th. They set a “buy” rating and a $104.00 target price for the company. Jefferies Group restated a “buy” rating and set a $115.00 target price on shares of Dr Pepper Snapple Group in a report on Monday, January 29th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $124.00 target price (up previously from $92.00) on shares of Dr Pepper Snapple Group in a report on Tuesday, January 30th. Fourteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $115.14.
The stock has a market capitalization of $21,400.00, a PE ratio of 27.69, a PEG ratio of 2.12 and a beta of 0.80. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.90 and a quick ratio of 0.72.
Dr Pepper Snapple Group (NYSE:DPS) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $1.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.17. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.66 billion. Dr Pepper Snapple Group had a return on equity of 37.05% and a net margin of 16.08%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 earnings per share. sell-side analysts forecast that Dr Pepper Snapple Group Inc. will post 5.16 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Wednesday, March 21st will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Tuesday, March 20th. Dr Pepper Snapple Group’s payout ratio is presently 54.46%.
Hedge funds have recently modified their holdings of the company. Amica Retiree Medical Trust acquired a new position in shares of Dr Pepper Snapple Group during the third quarter worth $110,000. Aevitas Wealth Management Inc. acquired a new position in shares of Dr Pepper Snapple Group during the fourth quarter worth $136,000. James Hambro & Partners acquired a new position in shares of Dr Pepper Snapple Group during the fourth quarter worth $175,000. Sawyer & Company Inc acquired a new position in shares of Dr Pepper Snapple Group during the fourth quarter worth $205,000. Finally, Cue Financial Group Inc. acquired a new position in shares of Dr Pepper Snapple Group in the 4th quarter valued at $205,000. 91.63% of the stock is currently owned by institutional investors and hedge funds.
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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