Dr Pepper Snapple Group VP Sells $201,600 in Stock (DPS)
Dr Pepper Snapple Group (NYSE:DPS) VP Angela A. Stephens sold 4,000 shares of Dr Pepper Snapple Group stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $50.40, for a total transaction of $201,600.00. Following the completion of the transaction, the vice president now directly owns 4,795 shares in the company, valued at approximately $241,668. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Dr Pepper Snapple Group (NYSE:DPS) opened at 50.96 on Thursday. Dr Pepper Snapple Group has a one year low of $42.27 and a one year high of $51.12. The stock’s 50-day moving average is $48.56 and its 200-day moving average is $46.95. The company has a market cap of $10.089 billion and a P/E ratio of 16.60.
Dr Pepper Snapple Group (NYSE:DPS) last announced its earnings results on Tuesday, February 11th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.12. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts predict that Dr Pepper Snapple Group will post $3.40 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, April 4th. Investors of record on Monday, March 17th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Dr Pepper Snapple Group’s previous quarterly dividend of $0.38.
A number of research firms have recently commented on DPS. Analysts at Barclays raised their price target on shares of Dr Pepper Snapple Group from $48.00 to $52.00 in a research note on Thursday, February 13th. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Dr Pepper Snapple Group in a research note on Thursday, February 13th. They now have a $52.00 price target on the stock. Finally, analysts at Credit Suisse raised their EPS on shares of Dr Pepper Snapple Group in a research note on Thursday, February 13th. They now have a “neutral” rating and a $54.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $50.08.
Dr Pepper Snapple Group, Inc (NYSE:DPS) is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Canada and Mexico with a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks and mixers.
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