Dr Pepper Snapple Group (DPS) Cut to “Hold” at Deutsche Bank

Dr Pepper Snapple Group (NYSE:DPS) was downgraded by stock analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a report issued on Monday, The Fly reports.

Other equities analysts have also issued research reports about the company. Jefferies Group reissued a “buy” rating and issued a $115.00 target price on shares of Dr Pepper Snapple Group in a research report on Monday. Zacks Investment Research raised Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Credit Suisse Group reissued an “outperform” rating and issued a $128.00 target price (up previously from $107.00) on shares of Dr Pepper Snapple Group in a research report on Wednesday, January 10th. Wells Fargo & Co raised Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a research report on Monday, October 23rd. Finally, Stifel Nicolaus decreased their target price on Dr Pepper Snapple Group from $114.00 to $106.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $102.69.

Shares of Dr Pepper Snapple Group (NYSE:DPS) traded up $21.42 during trading hours on Monday, reaching $117.07. The company’s stock had a trading volume of 24,659,639 shares, compared to its average volume of 2,227,025. Dr Pepper Snapple Group has a fifty-two week low of $83.23 and a fifty-two week high of $126.65. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 2.07. The stock has a market cap of $21,470.00, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 2.05 and a beta of 0.58.

Large investors have recently made changes to their positions in the stock. Franklin Resources Inc. bought a new position in shares of Dr Pepper Snapple Group during the 2nd quarter valued at approximately $655,000. Suntrust Banks Inc. grew its stake in shares of Dr Pepper Snapple Group by 21.4% during the 2nd quarter. Suntrust Banks Inc. now owns 4,137 shares of the company’s stock valued at $375,000 after acquiring an additional 730 shares during the period. Advisor Group Inc. grew its stake in shares of Dr Pepper Snapple Group by 0.7% during the 2nd quarter. Advisor Group Inc. now owns 9,461 shares of the company’s stock valued at $853,000 after acquiring an additional 68 shares during the period. Virtu KCG Holdings LLC bought a new position in shares of Dr Pepper Snapple Group during the 2nd quarter valued at approximately $251,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Dr Pepper Snapple Group by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 745,148 shares of the company’s stock valued at $67,890,000 after acquiring an additional 40,905 shares during the period. Institutional investors own 90.13% of the company’s stock.

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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.