Citigroup Maintains Dr Pepper Snapple Group to Neutral with Price Target $102.00

Brokerage firm Citigroup Maintains its rating on Dr Pepper Snapple Group(NYSE:DPS). In a research note issued to the investors, the brokerage major Raises the price-target to $102.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Jul 28, 2016.

In a different note, On Jun 29, 2016, Goldman Sachs said it Maintains its rating on Dr Pepper Snapple Group. In the research note, the firm Lowers the price-target to $90.00 per share. The shares have been rated ‘Sell’ by the firm.

Dr Pepper Snapple Group (DPS) made into the market gainers list on Thursdays trading session with the shares advancing 0.55% or 0.53 points. Due to strong positive momentum, the stock ended at $97.19, which is also near the day’s high of $97.49. The stock began the session at $96.71 and the volume stood at 8,73,006 shares. The 52-week high of the shares is $98.8 and the 52 week low is $72. The company has a current market capitalization of $18,019 M and it has 18,54,04,580 shares in outstanding.

Dr Pepper Snapple Group(DPS) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.70B. Analysts had an estimated revenue of $1.69B. Earnings per share were $1.25. Analysts had estimated an EPS of $1.20.

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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