Dr Pepper Snapple Group Stock Rating Lowered by Citigroup Inc. (DPS)
Dr Pepper Snapple Group (NYSE:DPS) was downgraded by equities researchers at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $61.00 target price on the stock. Citigroup Inc.’s price objective indicates a potential upside of 2.83% from the company’s current price.
A number of other firms have also recently commented on DPS. Analysts at BTIG Research initiated coverage on shares of Dr Pepper Snapple Group in a research note on Wednesday, June 18th. They set a “sell” rating and a $50.00 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Dr Pepper Snapple Group in a research note on Monday, June 9th. They set a “hold” rating and a $53.00 price target on the stock. Finally, 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. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $54.17.
Dr Pepper Snapple Group (NYSE:DPS) traded down 1.08% during mid-day trading on Tuesday, hitting $58.68. 1,001,312 shares of the company’s stock traded hands. Dr Pepper Snapple Group has a 52 week low of $43.18 and a 52 week high of $60.50. The stock’s 50-day moving average is $57.71 and its 200-day moving average is $52.50. The company has a market cap of $11.523 billion and a price-to-earnings ratio of 17.85.
Dr Pepper Snapple Group (NYSE:DPS) last released its earnings data on Wednesday, April 23rd. The company reported $0.74 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter 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 declared a quarterly dividend, which is scheduled for Thursday, July 3rd. Investors of record on Monday, June 16th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend 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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