Dr Pepper Snapple Group (DPS) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.94 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.86. The company posted revenue of $1487.00 million in the period, 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.
Many Wall Street Analysts have commented on Dr Pepper Snapple Group. 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 .
Dr Pepper Snapple Group opened for trading at $86.36 and hit $86.79 on the upside on Friday, eventually ending the session at $86.62, with a gain of 0.23% or 0.2 points. The heightened volatility saw the trading volume jump to 14,71,558 shares. Company has a market cap of $16,228 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.