Wells Fargo & Co Increases Dr Pepper Snapple Group (DPS) Price Target to $112.00

Dr Pepper Snapple Group (NYSE:DPS) had its target price hoisted by analysts at Wells Fargo & Co from $98.00 to $112.00 in a research report issued to clients and investors on Thursday. The firm currently has an “outperform” rating on the stock. Wells Fargo & Co’s price target suggests a potential upside of 17.28% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the company. Morgan Stanley cut their target price on Dr Pepper Snapple Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a research note on Thursday, October 26th. Deutsche Bank started coverage on Dr Pepper Snapple Group in a research note on Wednesday, December 13th. They issued a “buy” rating and a $104.00 target price on the stock. Macquarie started coverage on Dr Pepper Snapple Group in a research note on Friday, September 15th. They issued a “neutral” rating and a $95.00 target price on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $105.00 target price on shares of Dr Pepper Snapple Group in a research note on Wednesday, September 6th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $91.00 target price on shares of Dr Pepper Snapple Group in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Dr Pepper Snapple Group presently has an average rating of “Hold” and a consensus target price of $100.77.

Dr Pepper Snapple Group (DPS) opened at $95.50 on Thursday. Dr Pepper Snapple Group has a one year low of $83.23 and a one year high of $99.47. The stock has a market capitalization of $17,240.00, a price-to-earnings ratio of 23.93, a P/E/G ratio of 2.24 and a beta of 0.58. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.74 and a current ratio of 0.93.

Dr Pepper Snapple Group (NYSE:DPS) last posted its earnings results on Wednesday, October 25th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.06). The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.77 billion. Dr Pepper Snapple Group had a net margin of 11.06% and a return on equity of 37.53%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 earnings per share. analysts predict that Dr Pepper Snapple Group will post 4.53 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of DPS. Acrospire Investment Management LLC increased its holdings in shares of Dr Pepper Snapple Group by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock valued at $109,000 after purchasing an additional 600 shares during the period. Amica Retiree Medical Trust acquired a new position in shares of Dr Pepper Snapple Group during the third quarter valued at $110,000. Sun Life Financial INC increased its holdings in shares of Dr Pepper Snapple Group by 13,360.0% during the second quarter. Sun Life Financial INC now owns 1,346 shares of the company’s stock valued at $123,000 after purchasing an additional 1,336 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Dr Pepper Snapple Group by 6.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,926 shares of the company’s stock valued at $175,000 after purchasing an additional 120 shares during the period. Finally, Seven Eight Capital LP acquired a new position in shares of Dr Pepper Snapple Group during the second quarter valued at $182,000. 91.07% of the stock is currently owned by institutional investors.

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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.

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

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