Dr Pepper Gets a Buy from Jefferies

By Jason Carr

Jefferies analyst Kevin Grundy reiterated a Buy rating on Dr Pepper (NYSE: DPS) today and set a price target of $116. The company’s shares closed yesterday at $98.15.

According to TipRanks.com, Grundy is a 4-star analyst with an average return of 4.3% and a 74.2% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Spectrum Brands Holdings, Estee Lauder Companies, and Edgewell Personal Care.

Dr Pepper has an analyst consensus of Moderate Buy, with a price target consensus of $101.67.

Based on Dr Pepper’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.58 billion and quarterly net profit of $165 million. In comparison, last year the company earned revenue of $1.47 billion and had a net profit of $182 million.

Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is negative on the stock. Last month, David Thomas, the EVP of DPS sold 5,695 shares for a total of $548,201.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Dr Pepper Snapple Group, Inc. engages in the manufacturing, marketing and distribution of non-alcoholic beverages with a portfolio of flavored carbonated soft drinks and non-carbonated beverages. It operates through the following segments: Beverage Concentrates, Packaged Beverages, and Latin America Beverages. The Beverage Concentrates segment involves in manufacturing and selling carbonated soft drinks and other branded concentrates and syrup. The Packaged Beverages segment offers manufacturing and distribution of packaged beverages and other products through both direct store delivery system and warehouse direct delivery system. The Latin America Beverages segment includes manufacturing and distribution of concentrates, syrup and finished beverages. The company was founded on May 7, 2008 and is headquartered in Plano, TX.