Dr Pepper Snapple Group, Inc (DPS) Declares $0.58 Quarterly Dividend
Dr Pepper Snapple Group, Inc (NYSE:DPS) announced a quarterly dividend on Thursday, November 16th, RTT News reports. Shareholders of record on Thursday, December 14th will be given a dividend of 0.58 per share on Thursday, January 4th. This represents a $2.32 dividend on an annualized basis and a yield of 2.66%.
Dr Pepper Snapple Group has increased its dividend by an average of 11.8% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Dr Pepper Snapple Group has a payout ratio of 51.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Dr Pepper Snapple Group to earn $4.87 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 47.6%.
Shares of Dr Pepper Snapple Group (DPS) opened at $87.12 on Friday. 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 fifty-two week low of $82.24 and a fifty-two week high of $99.47. The stock has a market cap of $15,766.69, a PE ratio of 19.85, a price-to-earnings-growth ratio of 2.20 and a beta of 0.57.
Dr Pepper Snapple Group (NYSE:DPS) last released its quarterly earnings results on Wednesday, October 25th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.06). Dr Pepper Snapple Group had a net margin of 11.06% and a return on equity of 37.53%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the company earned $1.17 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. equities research analysts predict that Dr Pepper Snapple Group will post 4.54 EPS for the current fiscal year.
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In related news, insider Angela A. Stephens sold 7,700 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $91.12, for a total value of $701,624.00. Following the completion of the transaction, the insider now owns 6,053 shares of the company’s stock, valued at $551,549.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.58% of the company’s stock.
DPS has been the subject of a number of recent analyst reports. BidaskClub cut shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $112.00 target price on shares of Dr Pepper Snapple Group in a research note on Tuesday, August 1st. Stifel Nicolaus reduced their target price on shares of Dr Pepper Snapple Group from $114.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. UBS AG increased their target price on shares of Dr Pepper Snapple Group from $98.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research cut shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $99.45.
Dr Pepper Snapple Group Company Profile
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.
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