Dr Pepper Snapple Group Inc. (NYSE:DPS) shares reached a new 52-week high on Friday . The stock traded as high as $98.42 and last traded at $98.21, with a volume of 219,444 shares. The stock had previously closed at $97.57.

DPS has been the topic of several recent analyst reports. Bank of America Corp. restated an “underperform” rating on shares of Dr Pepper Snapple Group in a research note on Friday, April 15th. Susquehanna restated a “hold” rating on shares of Dr Pepper Snapple Group in a research note on Wednesday, April 27th. Barclays PLC boosted their price objective 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. BMO Capital Markets restated a “hold” rating on shares of Dr Pepper Snapple Group in a research note on Thursday, April 28th. Finally, Zacks Investment Research upgraded shares of Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research note on Monday, May 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $94.37.

The stock has a market capitalization of $18.26 billion and a P/E ratio of 23.83. The firm has a 50 day moving average price of $94.44 and a 200 day moving average price of $92.06.

Dr Pepper Snapple Group (NYSE:DPS) last released its earnings results on Wednesday, April 27th. The company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.08. The business earned $1.49 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the company earned $0.81 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts forecast that Dr Pepper Snapple Group Inc. will post $4.35 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Tuesday, June 14th were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Friday, June 10th.

In related news, EVP David Thomas sold 5,720 shares of the stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $90.00, for a total transaction of $514,800.00. Following the sale, the executive vice president now directly owns 45,000 shares of the company’s stock, valued at approximately $4,050,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pamela H. Patsley sold 2,974 shares of the stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $92.02, for a total transaction of $273,667.48. Following the sale, the director now directly owns 11,455 shares in the company, valued at $1,054,089.10. The disclosure for this sale can be found here.

A number of hedge funds have recently made changes to their positions in DPS. Westfield Capital Management Co. LP increased its stake in shares of Dr Pepper Snapple Group by 12.1% in the fourth quarter. Westfield Capital Management Co. LP now owns 60,071 shares of the company’s stock valued at $5,599,000 after buying an additional 6,480 shares during the period. State of Tennessee Treasury Department increased its stake in shares of Dr Pepper Snapple Group by 2.0% in the fourth quarter. State of Tennessee Treasury Department now owns 181,478 shares of the company’s stock valued at $16,913,000 after buying an additional 3,556 shares during the period. TrimTabs Asset Management LLC increased its stake in shares of Dr Pepper Snapple Group by 1.9% in the fourth quarter. TrimTabs Asset Management LLC now owns 27,974 shares of the company’s stock valued at $2,607,000 after buying an additional 522 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of 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 valued at $58,392,000 after buying an additional 24,721 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Dr Pepper Snapple Group by 49.6% in the fourth quarter. BNP Paribas Arbitrage SA now owns 148,527 shares of the company’s stock valued at $13,843,000 after buying an additional 49,250 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.