Keurig to buy Dr Pepper Snapple, creating a beverage giant

30 January, 2018, 01:58 | Author: Kathy Ellis
  • Bottles of Dr Pepper soda moved down a conveyor belt at a bottling plant in Irving Texas in October 2016

(NYSE:DPS) on Thursday, January 4 with "Buy" rating. Larry Young will transition to a role on Keurig Dr Pepper's board of directors. That's right - they think these 10 stocks are even better buys. Northwestern Mutual Wealth Management Co. grew its stake in shares of Dr Pepper Snapple Group by 6.6% in the 2nd quarter. (NYSE:WM) has "Buy" rating given on Tuesday, July 28 by Argus Research. If the $123.26 price target is reached, the company will be worth $855.92M more. Dr Pepper Snapple had 62 analyst reports since July 21, 2015 according to SRatingsIntel. "Management's proven operational and integration track record along with their commitment to innovation and potential future brand consolidation opportunities, while maintaining an investment grade rating, positions the company well for long-term success and material shareholder value creation". Dr Pepper Snapple Group has an average rating of "Hold" and a consensus price target of $102.38.

Gamgort said the companies will continue to operate from their currrent locations: Plano, Texas for Dr Pepper Snapple, and Waterbury, Vt. for Keurig Green Mountain.

Traders have different rules for what constitutes liquidity and a good guide is the volume of trades and volume of shares that are traded each day. United Capital Financial Advisers Llc who had been investing in Waste Management Inc for a number of months, seems to be bullish on the $38.95 billion market cap company. The company is scheduled to report first-quarter earnings Thursday. The new company expects to deliver an annual dividend of 60 cents per share after the deal closes. Dr Pepper Snapple Group's dividend payout ratio (DPR) is presently 58.15%. As a result, Mondelez will have a 13% to 14% stake in the combined Keurig Dr Pepper. They expect $1.85 EPS, up 50.41% or $0.62 from last year's $1.23 per share. Vanguard Group Inc. increased its stake in shares of Dr Pepper Snapple Group by 2.9% in the second quarter.

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Several research firms have recently commented on DPS.

On 11/16/2016 Dr Pepper Snapple Group announced a quarterly dividend of $0.53 with an ex dividend date of 12/9/2016 which will be payable on 1/5/2017. Dr Pepper Snapple Group Inc. has a 1-year low of $83.23 and a 1-year high of $99.47. JPMorgan Chase & Co. now owns 8,518,554 shares of the company's stock valued at $752,699,000 after purchasing an additional 119,413 shares during the period. It also increased its holding in International Speedway A Class (NASDAQ:ISCA) by 90,000 shares in the quarter, for a total of 723,400 shares, and has risen its stake in Pepsico Inc (NYSE:PEP). FMR LLC now owns 2,984,283 shares of the company's stock valued at $271,898,000 after purchasing an additional 134,256 shares during the period. "The combination of Dr Pepper Snapple and Keurig will create a new scale beverage company which addresses today's consumer needs, with a powerful platform of consumer brands and an unparalleled distribution capability to reach virtually every consumer, everywhere". The institutional investor held 209,045 shares of the consumer non-durables company at the end of 2017Q3, valued at $18.49M, up from 197,550 at the end of the previous reported quarter. The legal version of this article can be accessed at https://registrarjournal.com/2018/01/26/baskin-financial-services-inc-lowers-holdings-in-dr-pepper-snapple-group-inc-dps.html.

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