Equities research analysts at Deutsche Bank started coverage on shares of Dr Pepper Snapple Group (NYSE:DPS) in a note issued to investors on Wednesday, The Fly reports. The brokerage set a “buy” rating on the stock.
Other equities analysts have also issued reports about the company. Wells Fargo & Company upgraded Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a research note on Monday, October 23rd. Macquarie began coverage on Dr Pepper Snapple Group in a research note on Friday, September 15th. They issued a “neutral” rating and a $95.00 price objective on the stock. BidaskClub upgraded Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Stifel Nicolaus dropped their price objective on Dr Pepper Snapple Group from $114.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. Finally, Zacks Investment Research lowered Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $99.45.
Shares of Dr Pepper Snapple Group (NYSE DPS) traded up $0.18 during trading hours on Wednesday, hitting $93.76. The company’s stock had a trading volume of 1,201,226 shares, compared to its average volume of 1,186,633. Dr Pepper Snapple Group has a 12 month low of $83.23 and a 12 month high of $99.47. The firm has a market capitalization of $17,064.78, a PE ratio of 21.48, a P/E/G ratio of 2.38 and a beta of 0.59. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 2.07.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. IFM Investors Pty Ltd bought a new position in Dr Pepper Snapple Group during the third quarter valued at about $476,000. Piedmont Investment Advisors LLC increased its stake in Dr Pepper Snapple Group by 5.6% during the third quarter. Piedmont Investment Advisors LLC now owns 48,255 shares of the company’s stock valued at $4,269,000 after acquiring an additional 2,570 shares during the period. California Public Employees Retirement System increased its stake in Dr Pepper Snapple Group by 4.5% during the third quarter. California Public Employees Retirement System now owns 464,227 shares of the company’s stock valued at $41,070,000 after acquiring an additional 19,809 shares during the period. Janney Montgomery Scott LLC increased its stake in Dr Pepper Snapple Group by 11.9% during the third quarter. Janney Montgomery Scott LLC now owns 6,409 shares of the company’s stock valued at $567,000 after acquiring an additional 684 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Dr Pepper Snapple Group by 79.7% during the third quarter. Janus Henderson Group PLC now owns 1,732,948 shares of the company’s stock valued at $153,314,000 after acquiring an additional 768,412 shares during the period. Hedge funds and other institutional investors own 91.27% of the company’s stock.
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Dr Pepper Snapple Group Company Profile
Dr Pepper Snapple Group, Inc is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Mexico and Canada. The Company offers a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, water and mixers.
