Shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $98.09 and last traded at $98.05, with a volume of 779,772 shares changing hands. The stock had previously closed at $97.34.

A number of brokerages have issued reports on DPS. Zacks Investment Research lowered Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Goldman Sachs Group Inc. dropped their price target on shares of Dr Pepper Snapple Group from $90.00 to $89.00 and set a “sell” rating for the company in a research note on Wednesday, June 29th. Credit Agricole SA restated an “outperform” rating on shares of Dr Pepper Snapple Group in a research note on Tuesday, May 17th. BMO Capital Markets restated a “hold” rating on shares of Dr Pepper Snapple Group in a research note on Thursday, April 28th. Finally, Barclays PLC boosted their price target on shares of Dr Pepper Snapple Group from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 28th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $93.60.

The company has a market capitalization of $18.16 billion and a P/E ratio of 23.70. The stock’s 50-day moving average is $92.84 and its 200-day moving average is $91.76.

Dr Pepper Snapple Group (NYSE:DPS) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.08. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the business earned $0.81 earnings per share. Dr Pepper Snapple Group’s revenue was up 2.5% on a year-over-year basis. Analysts forecast that Dr Pepper Snapple Group Inc. will post $4.35 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 7th. Shareholders of record on Tuesday, June 14th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.17%. The ex-dividend date is Friday, June 10th.

In other Dr Pepper Snapple Group news, CEO Larry D. Young sold 34,537 shares of the business’s stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $95.35, for a total transaction of $3,293,102.95. Following the completion of the transaction, the chief executive officer now directly owns 150,000 shares of the company’s stock, valued at approximately $14,302,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin M. Ellen sold 15,058 shares of the business’s stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $90.76, for a total transaction of $1,366,664.08. Following the transaction, the chief financial officer now directly owns 16,058 shares of the company’s stock, valued at $1,457,424.08. The disclosure for this sale can be found here.

Other hedge funds recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Dr Pepper Snapple Group by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 17,114,272 shares of the company’s stock worth $1,595,050,000 after buying an additional 240,074 shares during the period. PNC Financial Services Group Inc. increased its stake in Dr Pepper Snapple Group by 2.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,708,694 shares of the company’s stock worth $159,251,000 after buying an additional 40,019 shares during the period. New York State Common Retirement Fund increased its stake in Dr Pepper Snapple Group by 0.7% in the fourth quarter. New York State Common Retirement Fund now owns 644,775 shares of the company’s stock worth $60,093,000 after buying an additional 4,600 shares during the period. Dimensional Fund Advisors LP increased its stake in Dr Pepper Snapple Group by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 626,448 shares of the company’s stock worth $58,392,000 after buying an additional 24,721 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Dr Pepper Snapple Group by 23.2% in the fourth quarter. Wells Fargo & Company MN now owns 608,355 shares of the company’s stock worth $56,698,000 after buying an additional 114,556 shares during the period.

Dr Pepper Snapple Group, Inc is an owner, manufacturer and distributor of non-alcoholic beverages in the United States, Canada and Mexico. The Company’s products consist of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, water and mixers.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.