Dr Pepper Snapple Group Receives Average Recommendation of “Hold” from Analysts (NYSE:DPS)
Dr Pepper Snapple Group (NYSE:DPS) has earned an average rating of “Hold” from the fourteen ratings firms that are covering the company, StockRatingsNetwork reports. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $56.67.
Shares of Dr Pepper Snapple Group (NYSE:DPS) opened at 62.92 on Wednesday. Dr Pepper Snapple Group has a one year low of $43.18 and a one year high of $63.01. The stock’s 50-day moving average is $60.22 and its 200-day moving average is $56.36. The company has a market cap of $12.277 billion and a P/E ratio of 17.25.
Dr Pepper Snapple Group (NYSE:DPS) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.06 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.84 earnings per share. Dr Pepper Snapple Group’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Dr Pepper Snapple Group will post $3.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 3rd. Investors of record on Monday, September 15th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, September 11th.
A number of research firms have recently commented on DPS. Analysts at Zacks reiterated a “neutral” rating on shares of Dr Pepper Snapple Group in a research note on Thursday. They now have a $65.00 price target on the stock. Finally, 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.
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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