Dr Pepper Snapple Group (DPS) Releases Quarterly Earnings Results, Meets Estimates

Dr Pepper Snapple Group (NYSE:DPS) issued its quarterly earnings data on Wednesday. The company reported $1.17 EPS for the quarter, meeting the consensus estimate of $1.17, Morningstar.com reports. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.66 billion. Dr Pepper Snapple Group had a net margin of 11.06% and a return on equity of 37.53%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 earnings per share.

Shares of Dr Pepper Snapple Group (NYSE:DPS) traded up $0.31 on Thursday, reaching $115.22. 498,351 shares of the company’s stock were exchanged, compared to its average volume of 2,857,630. The stock has a market capitalization of $20,841.30, a PE ratio of 28.91, a PEG ratio of 2.15 and a beta of 0.79. 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 twelve month low of $83.23 and a twelve month high of $126.65.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Wednesday, March 21st will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Tuesday, March 20th. Dr Pepper Snapple Group’s payout ratio is currently 58.15%.

DPS has been the subject of several recent analyst reports. Jefferies Group reaffirmed a “buy” rating and set a $115.00 price objective on shares of Dr Pepper Snapple Group in a research note on Monday, January 29th. Stifel Nicolaus upped their price objective on shares of Dr Pepper Snapple Group from $123.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Deutsche Bank initiated coverage on shares of Dr Pepper Snapple Group in a research note on Wednesday, December 13th. They set a “buy” rating and a $104.00 price objective for the company. BMO Capital Markets reaffirmed a “buy” rating and set a $105.00 price objective on shares of Dr Pepper Snapple Group in a research note on Friday, October 27th. Finally, Gabelli raised shares of Dr Pepper Snapple Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 1st. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $115.43.

A number of institutional investors and hedge funds have recently made changes to their positions in DPS. Amica Retiree Medical Trust purchased a new stake in Dr Pepper Snapple Group in the third quarter worth about $110,000. Aevitas Wealth Management Inc. purchased a new stake in Dr Pepper Snapple Group in the fourth quarter worth about $136,000. James Hambro & Partners purchased a new stake in Dr Pepper Snapple Group in the fourth quarter worth about $175,000. Sawyer & Company Inc purchased a new stake in shares of Dr Pepper Snapple Group during the fourth quarter valued at approximately $205,000. Finally, Cue Financial Group Inc. purchased a new stake in shares of Dr Pepper Snapple Group during the fourth quarter valued at approximately $205,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

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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.

Earnings History for Dr Pepper Snapple Group (NYSE:DPS)

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