Dr Pepper Snapple Group PT Raised to $52.00 at Barclays (DPS)
Investment analysts at Barclays boosted their price target on shares of Dr Pepper Snapple Group (NYSE:DPS) from $48.00 to $52.00 in a note issued to investors on Thursday, AnalystRatingsNetwork reports. The firm currently has an “equal weight” rating on the stock. Barclays’ target price suggests a potential upside of 3.09% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Dr Pepper Snapple Group in a research note on Thursday. They now have a $52.00 price target on the stock. Separately, analysts at Credit Suisse raised their EPS on shares of Dr Pepper Snapple Group in a research note on Thursday. They now have a “neutral” rating and a $54.00 price target on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of Dr Pepper Snapple Group in a research note on Thursday, December 12th. They set a “buy” rating and a $55.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $50.08.
Shares of Dr Pepper Snapple Group (NYSE:DPS) traded up 0.33% during mid-day trading on Thursday, hitting $50.155. 1,947,004 shares of the company’s stock traded hands. Dr Pepper Snapple Group has a 1-year low of $42.27 and a 1-year high of $51.03. The stock’s 50-day moving average is $48.35 and its 200-day moving average is $46.8. The company has a market cap of $10.063 billion and a P/E ratio of 16.17.
Dr Pepper Snapple Group (NYSE:DPS) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.12. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts predict that Dr Pepper Snapple Group will post $3.33 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, April 4th. Shareholders of record on Monday, March 17th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Dr Pepper Snapple Group’s previous quarterly dividend of $0.38.
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.
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