Dr Pepper Snapple Group, Inc (DPS) Receives “Buy” Rating from Jefferies Group LLC
Dr Pepper Snapple Group, Inc (NYSE:DPS)‘s stock had its “buy” rating restated by research analysts at Jefferies Group LLC in a research note issued to investors on Thursday, July 6th. They presently have a $112.00 price objective on the stock. Jefferies Group LLC’s price target points to a potential upside of 23.54% from the stock’s current price. Jefferies Group also issued estimates for Dr Pepper Snapple Group’s Q2 2017 earnings at $1.30 EPS and Q4 2017 earnings at $1.13 EPS.
Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a research report on Tuesday, June 27th. Credit Suisse Group restated a “buy” rating on shares of Dr Pepper Snapple Group in a research report on Friday, June 23rd. Royal Bank Of Canada restated a “hold” rating and set a $91.00 price objective on shares of Dr Pepper Snapple Group in a research report on Monday, May 15th. Barclays PLC restated a “hold” rating and set a $99.00 price objective on shares of Dr Pepper Snapple Group in a research report on Friday, April 28th. Finally, Susquehanna Bancshares Inc set a $92.00 price objective on Dr Pepper Snapple Group and gave the company a “hold” rating in a research report on Saturday, May 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Dr Pepper Snapple Group currently has an average rating of “Hold” and a consensus price target of $99.64.
Shares of Dr Pepper Snapple Group (NYSE:DPS) traded down 0.22% during trading on Thursday, reaching $90.66. The company had a trading volume of 1,257,604 shares. Dr Pepper Snapple Group has a 12 month low of $81.05 and a 12 month high of $99.47. The stock has a 50 day moving average price of $91.64 and a 200 day moving average price of $93.19. The firm has a market capitalization of $16.48 billion, a PE ratio of 21.74 and a beta of 0.60.
Dr Pepper Snapple Group (NYSE:DPS) last issued its quarterly earnings results on Thursday, July 27th. The company reported $1.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by $0.03. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.77 billion. Dr Pepper Snapple Group had a return on equity of 38.28% and a net margin of 11.73%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 earnings per share. On average, equities research analysts forecast that Dr Pepper Snapple Group will post $4.63 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This piece was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/07/dr-pepper-snapple-group-inc-dps-receives-buy-rating-from-jefferies-group-llc-updated-updated-updated.html.
A number of hedge funds have recently made changes to their positions in the stock. Huntington National Bank raised its position in Dr Pepper Snapple Group by 5.4% in the first quarter. Huntington National Bank now owns 1,100 shares of the company’s stock worth $108,000 after buying an additional 56 shares in the last quarter. Baystate Wealth Management LLC raised its position in Dr Pepper Snapple Group by 5.0% in the first quarter. Baystate Wealth Management LLC now owns 1,113 shares of the company’s stock worth $108,000 after buying an additional 53 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Dr Pepper Snapple Group during the first quarter worth approximately $113,000. Financial Architects Inc raised its position in Dr Pepper Snapple Group by 4.8% in the second quarter. Financial Architects Inc now owns 1,322 shares of the company’s stock worth $121,000 after buying an additional 61 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in Dr Pepper Snapple Group by 3.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,817 shares of the company’s stock worth $178,000 after buying an additional 57 shares in the last quarter. 89.64% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Stock Ratings for Dr Pepper Snapple Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dr Pepper Snapple Group Inc and related stocks with our FREE daily email newsletter.