The Dr Pepper Snapple Group, Inc (DPS) Rating Reiterated by Royal Bank Of Canada

The Dr Pepper Snapple Group, Inc (DPS) Rating Reiterated by Royal Bank Of Canada

Dr Pepper Snapple Group, Inc (NYSE:DPS)‘s stock had its “hold” rating reissued by stock analysts at Royal Bank Of Canada in a research note issued on Wednesday. They currently have a $91.00 price target on the stock. Royal Bank Of Canada’s target price points to a potential upside of 6.41% from the stock’s previous close.

A number of other research firms also recently commented on DPS. Cowen and Company reissued a “hold” rating and set a $96.00 target price on shares of Dr Pepper Snapple Group in a research report on Friday, July 14th. BidaskClub downgraded shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Jefferies Group LLC reissued a “buy” rating and set a $112.00 target price on shares of Dr Pepper Snapple Group in a research report on Tuesday, August 1st. UBS AG raised their target price on shares of Dr Pepper Snapple Group from $98.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research downgraded shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $99.11.

Dr Pepper Snapple Group (DPS) traded down 4.67% during midday trading on Wednesday, reaching $85.52. 4,420,363 shares of the company traded hands. The company has a 50 day moving average price of $89.56 and a 200-day moving average price of $91.51. Dr Pepper Snapple Group has a one year low of $81.05 and a one year high of $99.47. The stock has a market capitalization of $15.54 billion, a P/E ratio of 20.51 and a beta of 0.61.

Dr Pepper Snapple Group (NYSE:DPS) last posted its quarterly earnings results 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 company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Dr Pepper Snapple Group had a return on equity of 38.28% and a net margin of 11.73%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.17 EPS. Analysts forecast that Dr Pepper Snapple Group will post $4.58 EPS for the current fiscal year.

In other news, insider Angela A. Stephens sold 3,160 shares of Dr Pepper Snapple Group stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $92.51, for a total value of $292,331.60. Following the transaction, the insider now owns 16,913 shares of the company’s stock, valued at approximately $1,564,621.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Angela A. Stephens sold 7,700 shares of Dr Pepper Snapple Group stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $91.12, for a total transaction of $701,624.00. Following the completion of the transaction, the insider now directly owns 6,053 shares in the company, valued at approximately $551,549.36. The disclosure for this sale can be found here. 0.58% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of DPS. Acrospire Investment Management LLC boosted its stake in Dr Pepper Snapple Group by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock worth $109,000 after purchasing an additional 600 shares in the last quarter. Parallel Advisors LLC boosted its stake in Dr Pepper Snapple Group by 34.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,211 shares of the company’s stock worth $110,000 after purchasing an additional 313 shares in the last quarter. Financial Architects Inc boosted its stake in Dr Pepper Snapple Group by 4.8% in the 2nd quarter. Financial Architects Inc now owns 1,322 shares of the company’s stock worth $121,000 after purchasing an additional 61 shares in the last quarter. Sun Life Financial INC boosted its stake in Dr Pepper Snapple Group by 13,360.0% in the 2nd quarter. Sun Life Financial INC now owns 1,346 shares of the company’s stock worth $123,000 after purchasing an additional 1,336 shares in the last quarter. Finally, Huntington National Bank boosted its stake in Dr Pepper Snapple Group by 51.8% in the 2nd quarter. Huntington National Bank now owns 1,670 shares of the company’s stock worth $152,000 after purchasing an additional 570 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

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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