Dr Pepper Snapple Group Inc. Announces Quarterly Dividend of $0.41 (DPS)
Dr Pepper Snapple Group (NYSE:DPS) declared a quarterly dividend on Thursday, February 6th, Analyst Ratings Network.com reports. Investors of record on Monday, March 17th will be given a dividend of 0.41 per share on Friday, April 4th. This represents a $1.64 dividend on an annualized basis and a yield of 3.43%.
A number of research firms have recently commented on DPS. Analysts at Janney Montgomery Scott initiated coverage on shares of Dr Pepper Snapple Group in a research note to investors on Thursday, December 12th. They set a “buy” rating and a $55.00 price target on the stock. On a related note, analysts at RBC Capital initiated coverage on shares of Dr Pepper Snapple Group in a research note to investors on Monday, November 25th. They set a “sector perform” rating and a $48.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Dr Pepper Snapple Group in a research note to investors on Monday, November 25th. They now have a $51.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. Dr Pepper Snapple Group currently has an average rating of “Hold” and an average target price of $48.92.
Dr Pepper Snapple Group (NYSE:DPS) traded up 0.61% during mid-day trading on Thursday, hitting $47.86. The stock had a trading volume of 1,119,132 shares. Dr Pepper Snapple Group has a 1-year low of $42.10 and a 1-year high of $50.37. The stock’s 50-day moving average is $48.25 and its 200-day moving average is $46.78. The company has a market cap of $9.603 billion and a P/E ratio of 15.38.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.