Royal Bank of Canada Upgrades Dr Pepper Snapple Group (DPS) to “Outperform”

Dr Pepper Snapple Group (NYSE:DPS) was upgraded by equities researchers at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Monday, MarketBeat reports. The firm presently has a $125.00 target price on the stock, down from their previous target price of $135.00. Royal Bank of Canada’s target price suggests a potential upside of 5.66% from the stock’s current price.

A number of other brokerages have also weighed in on DPS. BMO Capital Markets lowered Dr Pepper Snapple Group from an “outperform” rating to a “market perform” rating and set a $125.00 price objective on the stock. in a report on Thursday, February 1st. Gabelli raised Dr Pepper Snapple Group from a “hold” rating to a “buy” rating in a report on Thursday, February 1st. Morgan Stanley lowered Dr Pepper Snapple Group to an “equal weight” rating in a report on Wednesday, January 31st. Cowen reaffirmed a “hold” rating and issued a $128.00 price objective on shares of Dr Pepper Snapple Group in a report on Tuesday, January 30th. Finally, Deutsche Bank downgraded shares of Dr Pepper Snapple Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $114.00 to $123.00 in a research report on Monday, January 29th. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $117.48.

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Shares of Dr Pepper Snapple Group stock traded up $0.70 on Monday, reaching $118.30. The company’s stock had a trading volume of 2,317,718 shares, compared to its average volume of 2,675,414. Dr Pepper Snapple Group has a 12 month low of $83.23 and a 12 month high of $126.65. The stock has a market cap of $21,137.91, a price-to-earnings ratio of 19.93, a PEG ratio of 2.15 and a beta of 0.80. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.90 and a quick ratio of 0.72.

Dr Pepper Snapple Group (NYSE:DPS) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $1.17 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.17. Dr Pepper Snapple Group had a return on equity of 37.05% and a net margin of 16.08%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the company earned $0.90 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. equities analysts predict that Dr Pepper Snapple Group will post 5.1 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its position in shares of Dr Pepper Snapple Group by 27.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 46,001 shares of the company’s stock worth $4,465,000 after purchasing an additional 10,000 shares during the last quarter. Amica Mutual Insurance Co. acquired a new position in shares of Dr Pepper Snapple Group during the 3rd quarter worth approximately $790,000. BlackRock Inc. raised its position in shares of Dr Pepper Snapple Group by 7.0% during the 4th quarter. BlackRock Inc. now owns 20,528,958 shares of the company’s stock worth $1,992,541,000 after purchasing an additional 1,345,718 shares during the last quarter. OppenheimerFunds Inc. raised its position in shares of Dr Pepper Snapple Group by 5.5% during the 4th quarter. OppenheimerFunds Inc. now owns 1,133,550 shares of the company’s stock worth $110,023,000 after purchasing an additional 58,872 shares during the last quarter. Finally, PGGM Investments raised its position in shares of Dr Pepper Snapple Group by 190.7% during the 4th quarter. PGGM Investments now owns 464,900 shares of the company’s stock worth $45,123,000 after purchasing an additional 304,967 shares during the last quarter. Hedge funds and other institutional investors own 92.79% of the company’s stock.

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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.

Analyst Recommendations for Dr Pepper Snapple Group (NYSE:DPS)

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