Dr Pepper Snapple Group Receives Average Rating of “Hold” from Brokerages (NYSE:DPS)
Dr Pepper Snapple Group (NYSE:DPS) has earned a consensus rating of “Hold” from the fourteen analysts that are covering the company, AnalystRatings.NET reports. Three research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $56.67.
Dr Pepper Snapple Group (NYSE:DPS) opened at 61.04 on Wednesday. Dr Pepper Snapple Group has a one year low of $43.18 and a one year high of $61.92. The stock has a 50-day moving average of $59.90 and a 200-day moving average of $56.17. The company has a market cap of $11.910 billion and a P/E ratio of 16.80.
Dr Pepper Snapple Group (NYSE:DPS) last announced its earnings results on Thursday, July 24th. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.90 by $0.16. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts expect that Dr Pepper Snapple Group will post $3.55 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 3rd. Investors of record on Monday, September 15th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Thursday, September 11th.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Dr Pepper Snapple Group in a research note on Monday, July 28th. They now have a $65.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Dr Pepper Snapple Group in a research note on Friday, July 25th. They now have a $55.00 price target on the stock, up previously from $53.00. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Dr Pepper Snapple Group in a research note on Friday, July 25th. They now have a $62.00 price target on the stock, up previously from $58.00.
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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