Wells Fargo & Co Increases Dr Pepper Snapple Group (DPS) Price Target to $112.00

Dr Pepper Snapple Group (NYSE:DPS) had its price objective increased by Wells Fargo & Co from $98.00 to $112.00 in a note issued to investors on Thursday. The firm presently has an “outperform” rating on the stock. Wells Fargo & Co’s price target would indicate a potential upside of 17.50% from the stock’s previous close.

Several other brokerages also recently commented on DPS. Stifel Nicolaus cut 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 report on Thursday, October 26th. Zacks Investment Research downgraded Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Morgan Stanley dropped their price target on Dr Pepper Snapple Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a research report on Thursday, October 26th. BMO Capital Markets reissued a “buy” rating and set a $105.00 price target on shares of Dr Pepper Snapple Group in a research report on Wednesday, September 6th. Finally, Macquarie initiated coverage on Dr Pepper Snapple Group in a research report on Friday, September 15th. They set a “neutral” rating and a $95.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Dr Pepper Snapple Group has a consensus rating of “Hold” and an average target price of $100.77.

Dr Pepper Snapple Group (NYSE:DPS) opened at $95.32 on Thursday. The company has a market capitalization of $17,200.19, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 2.24 and a beta of 0.59. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.93 and a quick ratio of 0.74. Dr Pepper Snapple Group has a 12-month low of $83.23 and a 12-month high of $99.47.

Dr Pepper Snapple Group (NYSE:DPS) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.06). The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.77 billion. Dr Pepper Snapple Group had a net margin of 11.06% and a return on equity of 37.53%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $1.17 EPS. equities research analysts expect that Dr Pepper Snapple Group will post 4.53 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in shares of Dr Pepper Snapple Group by 24.7% during the 2nd quarter. Victory Capital Management Inc. now owns 33,735 shares of the company’s stock worth $3,074,000 after purchasing an additional 6,679 shares during the last quarter. Airain ltd purchased a new stake in shares of Dr Pepper Snapple Group during the 2nd quarter worth $425,000. Pacer Advisors Inc. lifted its stake in shares of Dr Pepper Snapple Group by 8.1% during the 2nd quarter. Pacer Advisors Inc. now owns 3,875 shares of the company’s stock worth $353,000 after purchasing an additional 290 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Dr Pepper Snapple Group by 1.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 137,580 shares of the company’s stock worth $12,535,000 after purchasing an additional 1,705 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Dr Pepper Snapple Group by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,656 shares of the company’s stock worth $1,244,000 after purchasing an additional 74 shares during the last quarter. 91.07% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Wells Fargo & Co Increases Dr Pepper Snapple Group (DPS) Price Target to $112.00” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/04/wells-fargo-co-increases-dr-pepper-snapple-group-dps-price-target-to-112-00.html.

About Dr Pepper Snapple Group

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.

Analyst Recommendations for Dr Pepper Snapple Group (NYSE:DPS)

Leave a Reply