Dr Pepper Snapple Group Given “Neutral” Rating at Zacks (DPS)
Dr Pepper Snapple Group (NYSE:DPS)‘s stock had its “neutral” rating restated by Zacks in a research report issued on Thursday, AnalystRatings.NET reports. They currently have a $57.00 price objective on the stock. Zacks‘s price target indicates a potential upside of 5.91% from the stock’s previous close.
Zacks’ analyst wrote, “Dr Pepper’s first-quarter 2014 adjusted earnings of $0.74 per share beat the Zacks Consensus Estimate by 25.4%. Moreover, earnings increased 40.0% year over year driven by strong margins and solid revenues from Beverage Concentrates and Latin America Beverages. In addition to year over year increase, net sales of $1.40 billion beat the Zacks Consensus Estimate by 1.5%. Dr Pepper rebounded during the quarter with stronger volume in most of the segments. Also margins improved significantly during the quarter. Dr Pepper has sound long-term fundamentals – a strong position in the flavored CSD market, reducing costs and regularly returning cash to shareholders. However, ongoing pressure in the U.S., CSD category and lack of exposure outside the U.S. keep us concerned. We, thus, maintain our Neutral recommendation the stock.”
DPS has been the subject of a number of other recent research reports. Analysts at UBS AG raised their price target on shares of Dr Pepper Snapple Group to $59.00 in a research note on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Dr Pepper Snapple Group from $48.00 to $50.00 in a research note on Thursday. They now have a “sector perform” rating on the stock. Finally, analysts at Wells Fargo & Co. downgraded shares of Dr Pepper Snapple Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, April 8th. They now have a $49.00 price target on the stock, up previously from $47.00. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $53.54.
In other Dr Pepper Snapple Group news, CFO Martin M. Ellen sold 15,000 shares of Dr Pepper Snapple Group stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $54.45, for a total transaction of $816,750.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Dr Pepper Snapple Group (NYSE:DPS) traded down 1.21% on Thursday, hitting $53.82. 2,756,849 shares of the company’s stock traded hands. Dr Pepper Snapple Group has a one year low of $43.18 and a one year high of $55.34. The stock has a 50-day moving average of $52.79 and a 200-day moving average of $49.32. The company has a market cap of $10.617 billion and a price-to-earnings ratio of 17.86.
Dr Pepper Snapple Group (NYSE:DPS) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.74 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.15. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company posted $0.53 earnings per share. Dr Pepper Snapple Group’s revenue was up 1.3% compared to the same quarter last year. Analysts expect that Dr Pepper Snapple Group will post $3.40 EPS for the current fiscal year.
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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