Dr Pepper Snapple Group Reaches New 52-Week High at $52.18 (DPS)
Shares of Dr Pepper Snapple Group (NYSE:DPS) reached a new 52-week high on Monday , Stock Ratings Network reports. The stock traded as high as $52.18 and last traded at $51.90, with a volume of 1,833,494 shares trading hands. The stock had previously closed at $51.74.
A number of analysts have recently weighed in on DPS shares. Analysts at Barclays raised their price target on shares of Dr Pepper Snapple Group from $48.00 to $52.00 in a research note on Thursday, February 13th. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Dr Pepper Snapple Group in a research note on Thursday, February 13th. They now have a $52.00 price target on the stock. Finally, analysts at Credit Suisse raised their EPS on shares of Dr Pepper Snapple Group in a research note on Thursday, February 13th. They now have a “neutral” rating and a $54.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. Dr Pepper Snapple Group has a consensus rating of “Hold” and an average target price of $50.08.
The stock’s 50-day moving average is $48.77 and its 200-day moving average is $47.01. The company has a market cap of $10.245 billion and a P/E ratio of 16.96.
Dr Pepper Snapple Group (NYSE:DPS) last posted its quarterly earnings results 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. Analysts expect that Dr Pepper Snapple Group will post $3.40 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, April 4th. Stockholders 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 3.17%. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Dr Pepper Snapple Group’s previous quarterly dividend of $0.38.
In other Dr Pepper Snapple Group news, EVP David Thomas sold 5,656 shares of the company’s stock on the open market in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $52.00, for a total value of $294,112.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
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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