Dr Pepper Snapple Group (NYSE: DPS) was downgraded by research analysts at Wells Fargo & Co. (NYSE: WFC) from an “outperform” rating to a “market perform” rating in a report issued on Friday.
Separately, analysts at The Oxen Group reiterated a “hold” rating on shares of Dr Pepper Snapple Group in a research note to investors on Wednesday, December 28th. Analysts at Bank of America (NYSE: BAC) initiated coverage on shares of Dr Pepper Snapple Group in a research note to investors on Wednesday, December 21st. They set a “neutral” rating on the stock. Also, analysts at Morgan Stanley (NYSE: MS) downgraded shares of Dr Pepper Snapple Group from an “equal weight” rating to an “underweight” rating in a research note to investors on Tuesday, November 15th. They now have a $36.00 price target on the stock.
Dr Pepper Snapple Group, Inc. (DPS) is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Canada and Mexico with a varied portfolio of flavored (non-cola) carbonated soft drinks (CSD) and non-carbonated beverages (NCB), including ready-to-drink teas, juices, juice drinks and mixers. DPS has three segments: Beverage Concentrates, Packaged Beverages and Latin America Beverages. The Company’s brand portfolio includes CSD brands, such as Dr Pepper, Sunkist soda, 7UP, A&W, Canada Dry, Crush, Squirt, Penafiel, Schweppes and Venom Energy, and NCB brands, such as Snapple, Mott’s, Hawaiian Punch, Clamato, Rose’s and Mr & Mrs T mixers. DPS operates primarily in the United States, Mexico and Canada and it also distributes the products in the Caribbean.
Shares of Dr Pepper Snapple Group opened at 37.96 on Friday. Dr Pepper Snapple Group has a 52 week low of $33.68 and a 52 week high of $43.13. The stock’s 50-day moving average is $38.10 and its 200-day moving average is $38.16. The company has a market cap of $8.138 billion and a price-to-earnings ratio of 15.44.