Jefferies Group Initiates Coverage on Dr Pepper Snapple Group (DPS)
Research analysts at Jefferies Group began coverage on shares of Dr Pepper Snapple Group (NYSE:DPS) in a report released on Monday. The firm set a “hold” rating and a $53.00 price target on the stock. Jefferies Group’s price objective would suggest a potential downside of 9.49% from the stock’s previous close.
Shares of Dr Pepper Snapple Group (NYSE:DPS) traded up 0.07% during mid-day trading on Monday, hitting $58.56. The stock had a trading volume of 1,236,039 shares. Dr Pepper Snapple Group has a one year low of $43.18 and a one year high of $58.65. The stock has a 50-day moving average of $56.36 and a 200-day moving average of $51.63. The company has a market cap of $11.500 billion and a price-to-earnings ratio of 17.61.
Dr Pepper Snapple Group (NYSE:DPS) last announced its 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. Analysts expect that Dr Pepper Snapple Group will post $3.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 3rd. Investors 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 2.80%. The ex-dividend date is Thursday, June 12th.
A number of other firms have also recently commented on DPS. Analysts at Zacks reiterated a “neutral” rating on shares of Dr Pepper Snapple Group in a research note on Thursday, May 22nd. They now have a $60.00 price target on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $54.55.
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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