Dr Pepper Snapple Group (NYSE:DPS) was downgraded by analysts at Jefferies Group from a “buy” rating to a “hold” rating in a note issued to investors on Friday, Marketbeat Ratings reports. They presently have a $111.00 target price on the stock. Jefferies Group’s target price would indicate a potential downside of 3.58% from the stock’s previous close. Jefferies Group also issued estimates for Dr Pepper Snapple Group’s Q1 2018 earnings at $1.07 EPS, Q2 2018 earnings at $1.50 EPS, Q3 2018 earnings at $1.36 EPS, Q4 2018 earnings at $1.37 EPS, FY2018 earnings at $5.30 EPS, FY2019 earnings at $5.70 EPS and FY2020 earnings at $6.12 EPS.
A number of other equities research analysts have also weighed in on DPS. BMO Capital Markets decreased their price objective on shares of Dr Pepper Snapple Group from $125.00 to $122.00 and set a “market perform” rating for the company in a report on Thursday. Susquehanna Bancshares set a $129.00 price objective on shares of Dr Pepper Snapple Group and gave the company a “hold” rating in a report on Monday, February 12th. Wells Fargo & Co lowered shares of Dr Pepper Snapple Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 30th. Sanford C. Bernstein reiterated a “market perform” rating and set a $124.00 price objective (up previously from $92.00) on shares of Dr Pepper Snapple Group in a report on Tuesday, January 30th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $128.00 price objective (up previously from $107.00) on shares of Dr Pepper Snapple Group in a report on Wednesday, January 10th. Thirteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Dr Pepper Snapple Group presently has an average rating of “Hold” and a consensus price target of $115.14.
Shares of Dr Pepper Snapple Group (DPS) opened at $115.12 on Friday. Dr Pepper Snapple Group has a twelve month low of $83.23 and a twelve month high of $126.65. The firm has a market cap of $20,780.00, a PE ratio of 19.48, a P/E/G ratio of 2.15 and a beta of 0.79. The company has a current ratio of 0.90, a quick ratio of 0.74 and a debt-to-equity ratio of 1.80.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Dr Pepper Snapple Group by 47.3% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 10,582 shares of the company’s stock valued at $1,027,000 after purchasing an additional 3,400 shares during the period. Banco de Sabadell S.A purchased a new position in shares of Dr Pepper Snapple Group in the 4th quarter worth approximately $1,213,000. MetLife Investment Advisors LLC purchased a new position in shares of Dr Pepper Snapple Group in the 4th quarter worth approximately $5,422,000. Jump Trading LLC purchased a new position in shares of Dr Pepper Snapple Group in the 4th quarter worth approximately $498,000. Finally, BB&T Securities LLC grew its position in shares of Dr Pepper Snapple Group by 10.1% in the 4th quarter. BB&T Securities LLC now owns 13,414 shares of the company’s stock worth $1,301,000 after buying an additional 1,235 shares during the last quarter. 90.74% 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.
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