Dr Pepper Snapple and Keurig Green Mountain to merge
- Author: Wendy Palmer Jan 30, 2018,
Jan 30, 2018, 0:56
It has outperformed by 7.11% the S&P500.
Keurig Dr Pepper will offer "hot and cold beverages to satisfy every consumer throughout the day", said Larry Young, chief executive of Dr Pepper Snapple. Boston Advisors Llc sold 189,557 shares as the company's stock declined 3.26% while stock markets rallied. Those shareholders will also retain a 13 percent stake in the combined company to be called "Keurig Dr Pepper".
Stock futures are trading below fair value ahead of a busy week on Wall Street, with Apple earnings, President Donald Trump's first State of the Union address, and the last Fed meeting for Chair Janet Yellen on tap. About 18,108 shares traded. Dr Pepper Snapple Group's revenue for the quarter was up 3.6% compared to the same quarter past year. It has underperformed by 16.70% the S&P500. 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. It also increased its holding in Ebay Inc (NASDAQ:EBAY) by 369,000 shares in the quarter, for a total of 5.11 million shares, and has risen its stake in World Wrestling Entmt Inc (NYSE:WWE). Therefore 55% are positive. BlackRock Inc. increased its stake in shares of Dr Pepper Snapple Group by 4.9% in the second quarter. Dr Pepper Snapple Group now has $17.30B valuation. (NYSE:DPS) opened at $95.65 on Monday. The firm now has an "outperform" rating on the stock.
ILLEGAL ACTIVITY WARNING: "Dr Pepper Snapple Group (DPS) Stock Rating Reaffirmed by Jefferies Group" was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. The rating was maintained by RBC Capital Markets with "Hold" on Tuesday, October 24. After $1.10 actual EPS reported by Dr Pepper Snapple Group, Inc. for the previous quarter, Wall Street now forecasts 6.36% EPS growth. (NYSE:DPS) on Monday, September 7 to "Hold" rating. Stifel Nicolaus has "Buy" rating and $114.0 target. The company was downgraded on Thursday, December 15 by Bank of America. The company was upgraded on Monday, January 9 by Goldman Sachs. Susquehanna maintained the stock with "Hold" rating in Friday, May 26 report. UBS has "Neutral" rating and $99 target. The VC1 of Dr Pepper Snapple Group, Inc. (NYSE:DPS) is 0.677676. Jefferies has "Buy" rating and $112 target. Analyst's mean target price for DPS is $102.68 while analysts mean recommendation is 2.50. The company is scheduled to report first-quarter earnings Thursday. Before the announcement, the stock had been up 5.5% from this time past year.
EPS in next five years is expected to touch 8.96% while EPS growth in past 5 year was 10.60% along with sales growth of 1.80% in the last five years.
Apple Inc (NASDAQ:AAPL) has reportedly told suppliers it will cut its first-quarter iPhone X production target in half, with the Nikkei citing weaker-than-forecast holiday shopping sales in Europe, the USA, and China. The company reported $1.10 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.16 by ($0.06). NVEE's profit will be $6.79 million for 18.79 P/E if the $0.63 EPS becomes a reality.
Investors sentiment decreased to 0.97 in 2017 Q3. Its up 1.47, from 1.35 in 2017Q2. It is negative, as 42 investors sold WM shares while 308 reduced holdings.
Fitch Ratings has sold its 49 percent stake in China Lianhe Credit Rating Co to Singapore's sovereign wealth fund GIC the credit ratings agency said, as it evaluates opportunities created by China's changing regulatory landscape. Carderock Capital Management holds 31,472 shares. Apollo Commercial Real Estate Finance, Inc. (NYSE:DPS) has a Shareholder Yield of 0.038676 and a Shareholder Yield (Mebane Faber) of -0.02547. (NYSE:WM) for 12,100 shares. Envestnet Asset Mngmt holds 73,021 shares. Sigma Planning invested in 12,424 shares or 0.06% of the stock. The stock has relative volume of 0.97. Texas Yale Capital Corporation has invested 1.09% of its portfolio in ONEOK, Inc. Ancora Advsrs Ltd Limited Liability Company holds 13,525 shares. Essex Financial Services has 0.05% invested in ONEOK, Inc. (NYSE:WM) for 172,786 shares. Ronna Sue Cohen holds 41,895 shares or 1.77% of its portfolio. Oppenheimer maintained the shares of WM in report on Wednesday, July 5 with "Buy" rating.