Dr Pepper Snapple Group (DPS) – Research Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Dr Pepper Snapple Group (NYSE: DPS):

  • 2/12/2018 – Dr Pepper Snapple Group was given a new $129.00 price target on by analysts at Susquehanna Bancshares Inc. They now have a “hold” rating on the stock.
  • 2/6/2018 – Dr Pepper Snapple Group was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $130.00 price target on the stock, up previously from $88.00.
  • 2/1/2018 – Dr Pepper Snapple Group was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $125.00 price target on the stock.
  • 2/1/2018 – Dr Pepper Snapple Group was upgraded by analysts at Gabelli from a “hold” rating to a “buy” rating.
  • 1/31/2018 – Dr Pepper Snapple Group was downgraded by analysts at Morgan Stanley to an “equal weight” rating.
  • 1/30/2018 – Dr Pepper Snapple Group had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $124.00 price target on the stock, up previously from $92.00.
  • 1/30/2018 – Dr Pepper Snapple Group was downgraded by analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating.
  • 1/30/2018 – Dr Pepper Snapple Group had its “hold” rating reaffirmed by analysts at Cowen Inc. They now have a $128.00 price target on the stock.
  • 1/30/2018 – Dr Pepper Snapple Group had its price target raised by analysts at Stifel Nicolaus from $123.00 to $124.00. They now have a “buy” rating on the stock.
  • 1/29/2018 – Dr Pepper Snapple Group was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating. They now have a $123.00 price target on the stock, up previously from $114.00.
  • 1/29/2018 – Dr Pepper Snapple Group had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $115.00 price target on the stock. They wrote, “DPS announced a surprise merger with Keurig Green Mountain, wherein shareholders will receive a $103.75 special dividend and a 13% stake in NewCo. Conf call left questions on strategic fit and ability to materially improve growth; however, importantly, the deal enhances KDP’s scale as a platform co. to further consolidate the global bevs industry. Using preliminary assumptions, we see fair value for DPS’s shares in the ~$120+ area (13-15x synergized EV/ EBITDA). DPS to merge with Keurig Green Mountain – adds scale to global beverage platform company: DPS announced a merger with Keurig Green Mountain (NC) to create a portfolio of cold and hot beverage brands, broaden scale and reach, and drive attractive growth opportunities. While the Keurig team seemingly brings greater capabilities in the on-line channel and the Keurig brands should leverage DPS’s strength in DSD, mgmt did not shed much light on how the combined portfolio will improve growth in either business; however, importantly, the deal enhances KDP’s scale as a platform co. to further consolidate the global beverages industry. Cost synergies of $600M by 2021 (~9% of DPS sales or ~5.5% of pro forma sales) will be a major source of value creation. Under the terms of the deal, DPS’s shareholders will receive $103.75 per share in a special cash dividend and retain 13% of the combined Keurig Dr Pepper (vs. 87% ownership for Keurig shareholders). The transaction is expected to close in the second quarter of 2018, subject to DPS shareholder approval and customary closing conditions.””
  • 1/10/2018 – Dr Pepper Snapple Group had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $128.00 price target on the stock, up previously from $107.00.
  • 1/10/2018 – Dr Pepper Snapple Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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.”
  • 1/4/2018 – Dr Pepper Snapple Group had its price target raised by analysts at Wells Fargo & Co from $98.00 to $112.00. They now have an “outperform” rating on the stock.

Dr Pepper Snapple Group Inc. (NYSE:DPS) opened at $114.91 on Thursday. The company has a market cap of $20,841.30, a price-to-earnings ratio of 28.80, a PEG ratio of 2.15 and a beta of 0.79. Dr Pepper Snapple Group Inc. has a twelve month low of $83.23 and a twelve month high of $126.65. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Wednesday, March 21st will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Tuesday, March 20th. Dr Pepper Snapple Group’s payout ratio is 58.15%.

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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