Dr Pepper Snapple Group (DPS) Upgraded by Zacks Investment Research to Hold
Dr Pepper Snapple Group (NYSE:DPS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Dr Pepper has robust long-term fundamentals — strong position in the flavored CSD market, aggressive RCI cost savings and regular cash returns to shareholders. Solid execution, pricing gains, innovation, powerful marketing programs and productivity improvements have been driving sales and earnings growth for Dr Pepper since 2015. The company’s allied brands have been a key driver of volume growth and profits in recent quarters. However, Dr Pepper’s shares have underperformed the industry in the past year. Overall, the company has been witnessing sluggish volumes of carbonated beverages.”
Other equities research analysts also recently issued reports about the stock. Credit Suisse Group restated an “outperform” rating and set a $128.00 price objective (up from $107.00) on shares of Dr Pepper Snapple Group in a research report on Wednesday. Wells Fargo & Co raised shares of Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a report on Monday, October 23rd. Macquarie initiated coverage on shares of Dr Pepper Snapple Group in a report on Friday, September 15th. They set a “neutral” rating and a $95.00 target price on the stock. Deutsche Bank initiated coverage on shares of Dr Pepper Snapple Group in a report on Wednesday, December 13th. They set a “buy” rating and a $104.00 target price on the stock. Finally, Stifel Nicolaus lowered their target price on shares of Dr Pepper Snapple Group from $114.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $102.38.
Dr Pepper Snapple Group (NYSE:DPS) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.06). The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.77 billion. Dr Pepper Snapple Group had a return on equity of 37.53% and a net margin of 11.06%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business earned $1.17 earnings per share. research analysts forecast that Dr Pepper Snapple Group will post 4.53 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of the business. Advisor Group Inc. boosted its position in Dr Pepper Snapple Group by 0.7% in the second quarter. Advisor Group Inc. now owns 9,461 shares of the company’s stock valued at $853,000 after buying an additional 68 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Dr Pepper Snapple Group by 6.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,926 shares of the company’s stock worth $175,000 after purchasing an additional 120 shares during the period. Schafer Cullen Capital Management Inc. lifted its holdings in shares of Dr Pepper Snapple Group by 0.7% during the second quarter. Schafer Cullen Capital Management Inc. now owns 19,835 shares of the company’s stock worth $1,807,000 after purchasing an additional 130 shares during the period. Sentry Investment Management LLC lifted its holdings in shares of Dr Pepper Snapple Group by 1.1% during the second quarter. Sentry Investment Management LLC now owns 14,326 shares of the company’s stock worth $1,305,000 after purchasing an additional 151 shares during the period. Finally, Gyroscope Capital Management Group LLC lifted its holdings in shares of Dr Pepper Snapple Group by 9.5% during the second quarter. Gyroscope Capital Management Group LLC now owns 2,979 shares of the company’s stock worth $271,000 after purchasing an additional 258 shares during the period. Hedge funds and other institutional investors own 91.07% 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.
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