Dr Pepper Snapple Group Inc. (DPS) Announces Quarterly Dividend of $0.41
Dr Pepper Snapple Group (NYSE:DPS) declared a quarterly dividend on Thursday, August 7th, American Banking News.com reports. Investors of record on Monday, September 15th will be given a dividend of 0.41 per share on Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.73%.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Dr Pepper Snapple Group in a research note on Monday, July 28th. They now have a $65.00 price target on the stock. On the ratings front, analysts at Jefferies Group reiterated a “hold” rating on shares of Dr Pepper Snapple Group in a research note on Friday, July 25th. They now have a $55.00 price target on the stock, up previously from $53.00. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Dr Pepper Snapple Group in a research note on Friday, July 25th. They now have a $62.00 price target on the stock, up previously from $58.00. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Dr Pepper Snapple Group presently has a consensus rating of “Hold” and a consensus target price of $56.67.
Shares of Dr Pepper Snapple Group (NYSE:DPS) traded down 0.40% on Thursday, hitting $59.94. The stock had a trading volume of 932,359 shares. Dr Pepper Snapple Group has a one year low of $43.18 and a one year high of $61.92. The stock’s 50-day moving average is $59.3 and its 200-day moving average is $54.93. The company has a market cap of $11.696 billion and a price-to-earnings ratio of 16.61.
Dr Pepper Snapple Group (NYSE:DPS) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.16. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts expect that Dr Pepper Snapple Group will post $3.55 EPS for the current fiscal year.
In other Dr Pepper Snapple Group news, Director M Anne Szostak unloaded 2,500 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $61.45, for a total value of $153,625.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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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