Stock Update: Dr Pepper Snapple Group Inc. (NYSE:DPS)

[Zacks] Dr Pepper Snapple Group Inc. (NYSE:DPS) will issue its third quarter 2014 financial results on Thursday, Oct. 23, before the market opens. Larry Young, DPS president and CEO, and Marty Ellen, chief financial officer, will discuss the results during an earnings conference call for financial analysts and investors at 10 a.m. CDT that day. The conference call and slide presentation will be accessible live through the DPS websiteStock PerformanceTaking a look at the company’s recent performance, Dr Pepper Snapple Group Inc. (DPS) reported second quarter earnings for fiscal 2014 on July 24^th 2014. The company reported actual earnings per share of $1.06 against the consensus Street estimate of $0.90. DPS posted revenue of $1.63 billion against estimates of $1.62 billion.Dr Pepper Snapple Group Inc. (DPS) is currently valued at $12.61 billion and closed the last trading session at $63.09. The stock has a 50-day moving average of $62.24 and a 200-day moving average of $57.97

Is this a Buying Opportunity?There are currently thirteen analysts that we track that cover the stock. Of those thirteen, two have Buy rating, nine have a hold rating and two have sale rating. On a consensus basis this yields a score of 2 and a Hold. The combined price objective of these covering analysts is $58.33, which represents a 8.93% downside difference to the last closing price.The most recent analyst activity consisted of Cowen and Companyinitiated their Market Perform stance on the company. On the date of the report, the stock closed at $62.52.Another research firm weighing in recently was Zacks who also Initiated Coverage on the stock. On august 28^th 2014 Zacks upgrade their price target on the stock $65, a 1.48% upside to the current price. On the day of the report, DPS shares closed at $62.49.Company Profile Dr Pepper Snapple Group, Inc. operates as a brand owner, manufacturer, and distributor of non-alcoholic beverages in the United States, Canada, Mexico, and the Caribbean. The company operates in three segments: Beverage Concentrates, Packaged Beverages, and Latin America Beverages. It offers a portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, mixers, and water. The company’s brand portfolio includes CSD brands, such as Dr Pepper, Canada Dry, 7UP, Squirt, Crush, A&W, Peñafiel, Sunkist soda, Schweppes, and Sun Drop; and NCB brands comprising Snapple, Hawaiian Punch, Mott’s, Clamato, Mr & Mrs T mixers, and Rose’s. It sells its products primarily to bottlers, distributors, and retailers.