Dr Pepper Snapple Group EVP Rodger L. Collins Sells 42,918 Shares (DPS)
Dr Pepper Snapple Group (NYSE:DPS) EVP Rodger L. Collins unloaded 42,918 shares of the stock on the open market in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $62.87, for a total transaction of $2,698,254.66. Following the sale, the executive vice president now directly owns 86,441 shares of the company’s stock, valued at approximately $5,434,546. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on DPS shares. Analysts at Zacks reiterated a “neutral” rating on shares of Dr Pepper Snapple Group in a research note on Thursday, August 28th. They now have a $65.00 price target on the stock. Finally, 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. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Dr Pepper Snapple Group currently has an average rating of “Hold” and a consensus price target of $56.67.
Shares of Dr Pepper Snapple Group (NYSE:DPS) traded up 0.70% during mid-day trading on Wednesday, hitting $63.47. The stock had a trading volume of 1,320,356 shares. Dr Pepper Snapple Group has a 1-year low of $43.18 and a 1-year high of $63.48. The stock has a 50-day moving average of $60.48 and a 200-day moving average of $56.65. The company has a market cap of $12.385 billion and a P/E ratio of 17.40.
Dr Pepper Snapple Group (NYSE:DPS) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that Dr Pepper Snapple Group will post $3.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 3rd. Investors of record on Monday, September 15th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Thursday, September 11th.
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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