Dr Pepper Snapple Group Rating Reiterated by Zacks (DPS)
Dr Pepper Snapple Group (NYSE:DPS)‘s stock had its “neutral” rating reaffirmed by Zacks in a research report issued on Thursday, Analyst Ratings Network reports. They currently have a $52.00 target price on the stock. Zacks‘ target price would indicate a potential upside of 3.09% from the stock’s previous close.
Zacks‘ analyst wrote, “Dr Pepper’s fourth-quarter 2013 adjusted earnings of $0.97 per share beat the Zacks Consensus Estimate of $0.85 by 14.1%. Moreover, earnings increased 18.3% year over year due to pricing/productivity gains, lower taxes and a LIFO inventory benefit. However, sales continued to be soft due to weak CSD volumes and slow consumer spending environment. Missing the Zacks Consensus Estimate by 1.4%, net sales declined 1% year over year owing to 4% dip in volumes and unfavorable trade adjustments. Despite soft sales, we believe Dr Pepper has sound long-term fundamentals, commanding a strong position in the flavored CSD market. Moreover, the TEN platform to revive the CSD category looks promising. However, we believe this new initiative will take some time to deliver substantial results while impeding near-term earnings growth. Moreover, weak volumes and lack of exposure outside the U.S. remain persistent overhangs. We maintain our Neutral recommendation the stock.”
Dr Pepper Snapple Group (NYSE:DPS) traded up 0.40% during mid-day trading on Thursday, hitting $50.19. 1,609,503 shares of the company’s stock traded hands. Dr Pepper Snapple Group has a one year low of $42.27 and a one 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 $10.070 billion and a P/E ratio of 16.17.
Dr Pepper Snapple Group (NYSE:DPS) last announced its earnings results on Tuesday, February 11th. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue 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 announced a quarterly dividend, which is scheduled for Friday, April 4th. Investors of record on Monday, March 17th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Thursday, March 13th. This is an increase from Dr Pepper Snapple Group’s previous quarterly dividend of $0.38.
A number of other firms have also recently commented on DPS. 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. Separately, 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. Finally, analysts at RBC Capital initiated coverage on shares of Dr Pepper Snapple Group in a research note on Monday, November 25th. They set a “sector perform” rating and a $48.00 price target on the stock. One 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. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.33.
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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