Dr Pepper Snapple’s Q2 Profit Jumps 15%, Beating View (DPS)

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Beverage giant Dr Pepper Snapple Group Inc. ( DPS ) on Thursday posted a 15% gain in second quarter profit, beating analyst estimates, although revenue fell a bit shy of expectations.

The Plano, TX-based company reported second quarter net income of $183 million, or 74 cents per share, compared with $158 million, or 62 cents per share, in the year-ago period. Net sales rose 2% from last year, to $1.51 billion.

On average, Wall Street analysts expected a smaller profit of 69 cents per share, albeit on higher revenue of $1.54 billion.

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

The Bottom Line
We began recommending shares of DPS on July 22, when the stock was trading at $39.51. The company has a 2.62% dividend yield, based on last night's closing stock price of $38.23.

Dr Pepper Snapple Group Inc. ( DPS ) is a "recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 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.

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