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Dr. Pepper Snapple’s Profit Rises, Beating View (DPS)

By Dividend.com,  July 26, 2012, 09:51:31 AM EDT

Beverage maker Dr. Pepper Snapple Group Inc. ( DPS ) on Thursday posted better-than-expected second quarter earnings results, helped by higher revenue amid pricing increases.

The Plano, TX-based company reported second quarter net income of $178 million, or 83 cents per share, compared with $172 million, or 77 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 85 cents per share.

Revenue rose 2% from last year to $1.62 billion.

On average, Wall Street analysts expected a smaller profit of 82 cents per share, on matching revenue of $1.62 billion.

Dr. Pepper Snapple shares were mostly flat in Thursday morning trading.

The Bottom Line
Shares of Dr. Pepper Snapple Group ( DPS ) have a 3.11% dividend yield, based on last night's closing stock price of $43.77. The stock has technical support in the $40 price area. The shares are trading near all-time highs.

Dr. Pepper Snapple Group Inc. ( DPS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: DPS



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