Zacks: Analysts AwaitDr Pepper Snapple Group Inc. (DPS) Will Publish Quarterly Sales of $1.77 Billion

Zacks: Analysts AwaitDr Pepper Snapple Group Inc. (DPS) Will Publish Quarterly Sales of $1.77 Billion

Equities analysts predict that Dr Pepper Snapple Group Inc. (NYSE:DPS) will announce sales of $1.77 billion for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Dr Pepper Snapple Group’s earnings, with estimates ranging from $1.75 billion to $1.78 billion. Dr Pepper Snapple Group reported sales of $1.70 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.1%. The business is expected to report its next earnings results on Wednesday, July 26th.

According to Zacks, analysts expect that Dr Pepper Snapple Group will report full year sales of $1.77 billion for the current fiscal year, with estimates ranging from $6.66 billion to $6.75 billion. For the next fiscal year, analysts expect that the firm will report sales of $6.99 billion per share, with estimates ranging from $6.92 billion to $7.04 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Dr Pepper Snapple Group.

Dr Pepper Snapple Group (NYSE:DPS) last posted its quarterly earnings data on Wednesday, April 26th. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.05. Dr Pepper Snapple Group had a return on equity of 38.19% and a net margin of 13.53%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the company earned $0.94 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year.

Several analysts have recently issued reports on the company. Susquehanna Bancshares Inc set a $93.00 price objective on Dr Pepper Snapple Group and gave the company a “hold” rating in a research report on Saturday, February 18th. Credit Suisse Group AG reiterated a “buy” rating and issued a $105.00 target price on shares of Dr Pepper Snapple Group in a research note on Thursday, February 16th. Barclays PLC reiterated a “hold” rating and issued a $99.00 target price on shares of Dr Pepper Snapple Group in a research note on Friday, April 28th. Royal Bank of Canada reiterated a “hold” rating and issued a $91.00 target price on shares of Dr Pepper Snapple Group in a research note on Monday, May 15th. Finally, Zacks Investment Research upgraded Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $98.25.

In other news, insider David Thomas sold 5,695 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $96.27, for a total value of $548,257.65. Following the completion of the transaction, the insider now owns 36,000 shares of the company’s stock, valued at approximately $3,465,720. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Martin M. Ellen sold 6,897 shares of the business’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $94.69, for a total transaction of $653,076.93. Following the completion of the transaction, the insider now directly owns 11,048 shares of the company’s stock, valued at approximately $1,046,135.12. The disclosure for this sale can be found here. Insiders sold a total of 326,334 shares of company stock valued at $30,852,542 in the last three months. 0.62% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in DPS. BlackRock Inc. raised its position in shares of Dr Pepper Snapple Group by 1,517.3% in the first quarter. BlackRock Inc. now owns 16,369,447 shares of the company’s stock worth $1,602,895,000 after buying an additional 15,357,318 shares during the last quarter. Norges Bank bought a new position in shares of Dr Pepper Snapple Group during the fourth quarter worth $163,359,000. Westwood Holdings Group Inc. bought a new position in shares of Dr Pepper Snapple Group during the fourth quarter worth $100,942,000. FIL Ltd raised its position in shares of Dr Pepper Snapple Group by 521.2% in the first quarter. FIL Ltd now owns 990,941 shares of the company’s stock worth $97,033,000 after buying an additional 831,425 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of Dr Pepper Snapple Group by 43.4% in the first quarter. Bank of Montreal Can now owns 2,679,499 shares of the company’s stock worth $262,375,000 after buying an additional 810,357 shares during the last quarter. 90.18% of the stock is owned by hedge funds and other institutional investors.

Dr Pepper Snapple Group (NYSE DPS) traded up 0.24% on Friday, reaching $92.81. The company had a trading volume of 1,396,774 shares. Dr Pepper Snapple Group has a 52-week low of $81.05 and a 52-week high of $99.47. The company has a market capitalization of $17.06 billion, a PE ratio of 20.42 and a beta of 0.55. The company’s 50-day moving average is $93.23 and its 200-day moving average is $92.19.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Wednesday, June 14th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Monday, June 12th. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is 45.99%.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DPS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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