Dr Pepper Snapple Group (DPS) Downgraded by Morgan Stanley

Dr Pepper Snapple Group (NYSE:DPS) was downgraded by equities research analysts at Morgan Stanley to an “equal weight” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Credit Suisse Group restated an “outperform” rating and set a $128.00 price objective (up previously from $107.00) on shares of Dr Pepper Snapple Group in a report on Wednesday, January 10th. Wells Fargo & Co upgraded Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a report on Monday, October 23rd. Stifel Nicolaus boosted their price objective on Dr Pepper Snapple Group from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $124.00 target price (up previously from $92.00) on shares of Dr Pepper Snapple Group in a report on Tuesday. Twelve research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $109.07.

Shares of Dr Pepper Snapple Group (NYSE DPS) traded up $0.49 during midday trading on Wednesday, reaching $119.49. 3,247,191 shares of the company’s stock were exchanged, compared to its average volume of 2,515,782. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 2.07. The firm has a market cap of $21,135.99, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 2.52 and a beta of 0.59. Dr Pepper Snapple Group has a 52 week low of $83.23 and a 52 week high of $126.65.

A number of large investors have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. boosted its position in shares of Dr Pepper Snapple Group by 21.4% in the second 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. Virtu KCG Holdings LLC acquired a new position in Dr Pepper Snapple Group during the second quarter worth $251,000. Dimensional Fund Advisors LP raised its stake in Dr Pepper Snapple Group by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 745,148 shares of the company’s stock worth $67,890,000 after acquiring an additional 40,905 shares in the last quarter. HighTower Advisors LLC raised its stake in Dr Pepper Snapple Group by 3.1% during the second quarter. HighTower Advisors LLC now owns 22,967 shares of the company’s stock worth $2,092,000 after acquiring an additional 693 shares in the last quarter. Finally, Sun Life Financial INC raised its stake in Dr Pepper Snapple Group by 13,360.0% during the second quarter. Sun Life Financial INC now owns 1,346 shares of the company’s stock worth $123,000 after acquiring an additional 1,336 shares in the last quarter. Hedge funds and other institutional investors own 90.13% 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.