Dr Pepper Snapple Group (DPS) was Reiterated by Barclays to “Equal Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 94 from a previous price target of $88 . Barclays advised their investors in a research report released on Apr 28, 2016.
Many Wall Street Analysts have commented on Dr Pepper Snapple Group. Company shares were Reiterated by UBS on Apr 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 94 from a previous price target of $93 .Company shares were Reiterated by Stifel on Feb 18, 2016 to “Buy”, Firm has raised the Price Target to $ 102 from a previous price target of $98 .
On the company’s financial health, Dr Pepper Snapple Group reported $0.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.86. The company had revenue of $1487.00 million for the quarter, compared to analysts expectations of $1469.38 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.
Dr Pepper Snapple Group opened for trading at $89.3 and hit $90.52 on the upside on Wednesday, eventually ending the session at $90.38, with a gain of 2.96% or 2.6 points. The heightened volatility saw the trading volume jump to 26,70,568 shares. Company has a market cap of $16,933 M.
In a different news, on Mar 15, 2016, David Thomas (Executive Vice President) sold 6,206 shares at $91.27 per share price. According to the SEC, on Mar 10, 2016, James R. Trebilcock (Executive Vice President) sold 3,391 shares at $92.13 per share price. On Mar 9, 2016, James J. Jr Johnston (Executive Vice President) sold 63,899 shares at $90.82 per share price, according to the Form-4 filing with the securities and exchange commission.
Dr Pepper Snapple Group Inc. is a brand owner manufacturer and distributor of non-alcoholic beverages. The Company operates in the United States Canada and Mexico. Its products comprise flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) including ready-to-drink teas juices juice drinks water and mixers. The Company operates under three segments: Beverage Concentrates Packaged Beverages and Latin America Beverages. The Companys brands include Dr Pepper Canada Dry 7UP A&W Sunkist Squirt Penafiel Crush Schweppes RC Cola Snapple Hawaiian Punch Motts Clamato Aguafiel Mr & Mrs T Roses and Margaritaville among others. The Company distributes finished beverages and manufactures beverage concentrates and fountain syrups. The Company caters to bottlers and distributors and retailers.