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Shares of Dr Pepper Snapple Group (NYSE:DPS) hit a new 52-week high during trading on Tuesday , AnalystRatingsNetwork.com reports. The company traded as high as $57.62 and last traded at $57.06, with a volume of 581,147 shares trading hands. The stock had previously closed at $57.22.

DPS has been the subject of a number of recent research reports. Analysts at Ned Davis Research upgraded shares of Dr Pepper Snapple Group from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Dr Pepper Snapple Group in a research note on Thursday, April 24th. They now have a $58.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Dr Pepper Snapple Group in a research note on Thursday, April 24th. They now have a $61.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $53.82.

The stock’s 50-day moving average is $54.5 and its 200-day moving average is $50.74. The company has a market cap of $11.223 billion and a price-to-earnings ratio of 17.21.

Dr Pepper Snapple Group (NYSE:DPS) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts predict that Dr Pepper Snapple Group will post $3.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 3rd. Stockholders of record on Monday, June 16th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Thursday, June 12th.

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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