Dr Pepper Snapple Group (NYSE:DPS)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Monday, StockRatingsNetwork.com reports. They currently have a $51.00 price target on the stock. Zacks‘ price objective indicates a potential upside of 4.21% from the stock’s previous close.
Zacks‘ analyst wrote, “Dr Pepper’s third-quarter 2013 adjusted earnings of $0.88 per share beat the Zacks Consensus Estimate of $0.83 by 6%. Moreover, earnings increased 11% year over year due to pricing/productivity gains, lower taxes and a LIFO inventory benefit. However, sales continued to be soft due to weak CSD volumes and slow consumer spending environment. Moreover, the company lowered its 2013 top-line guidance, for the second time this year, due to CSD category headwinds. Despite these concerns, we believe Dr Pepper has sound long-term fundamentals, commanding a strong position in the flavored CSD market, reducing costs and regularly returning cash to shareholders. Moreover, the TEN platform to revive the CSD category looks promising. However, we believe the new initiative will take some time to deliver substantial results while impeding near-term earnings growth. Moreover, weak volumes and lack of exposure outside the U.S. remain persistent overhangs.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Wells Fargo & Co. downgraded shares of Dr Pepper Snapple Group from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, October 11th. Analysts at Goldman Sachs Group Inc. downgraded shares of Dr Pepper Snapple Group from a “neutral” rating to a “sell” rating in a research note to investors on Thursday, September 19th. They now have a $45.00 price target on the stock, down previously from $48.00. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. Dr Pepper Snapple Group currently has an average rating of “Hold” and a consensus target price of $48.40.
Shares of Dr Pepper Snapple Group (NYSE:DPS) traded down 0.47% during mid-day trading on Monday, hitting $48.71. The stock had a trading volume of 471,054 shares. Dr Pepper Snapple Group has a 1-year low of $42.10 and a 1-year high of $50.37. The stock’s 50-day moving average is $46.36 and its 200-day moving average is $46.48. The company has a market cap of $9.773 billion and a price-to-earnings ratio of 15.83.
Dr Pepper Snapple Group (NYSE:DPS) last released its earnings data on Wednesday, October 23rd. The company reported $0.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.84 by $0.04. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts predict that Dr Pepper Snapple Group will post $3.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 3rd. Stockholders of record on Monday, December 16th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Thursday, December 12th.
Dr Pepper Snapple Group, Inc (NYSE:DPS) is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Canada and Mexico with a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks and mixers.
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