Goldman Sachs Maintains Dr Pepper Snapple Group to Sell with Price Target $89.00

Brokerage firm Goldman Sachs Maintains its rating on Dr Pepper Snapple Group(NYSE:DPS). In a research note issued to the investors, the brokerage major Lowers the price-target to $89.00 per share. The shares have been rated Sell. The rating by Goldman Sachs was issued on Jun 29, 2016.

Dr Pepper Snapple Group (DPS) shares turned negative on Fridays trading session with the shares closing down -0.98 points or -1.01% at a volume of 9,95,560. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $97.07. The peak price level was also seen at $97.07 while the days lowest was $95.57. Finally the shares closed at $95.65. The 52-week high of the shares is $97.07 while the 52-week low is $72. According to the latest information available, the market cap of the company is $17,773 M.

Dr Pepper Snapple Group(DPS) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.49B. Analysts had an estimated revenue of $1.47B. Earnings per share were $0.94. Analysts had estimated an EPS of $0.86.

Several Insider Transactions has been reported to the SEC. On May 13, 2016, M Anne Szostak (director) sold 3,000 shares at $94.77 per share price.Also, On May 12, 2016, Derry L. Hobson (Executive Vice President) sold 6,508 shares at $95.52 per share price.On May 11, 2016, David Thomas (Executive Vice President) sold 3,000 shares at $95.51 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 Company’s brands include Dr Pepper Canada Dry 7UP A&W Sunkist Squirt Penafiel Crush Schweppes RC Cola Snapple Hawaiian Punch Mott’s Clamato Aguafiel Mr & Mrs T Rose’s 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.

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