Dr Pepper Receives a Hold from RBC Capital

By Carrie Williams

In a report released yesterday, Nik Modi from RBC Capital reiterated a Hold rating on Dr Pepper (NYSE: DPS), with a price target of $91. The company’s shares closed yesterday at $91.40.

According to TipRanks.com, Modi is a 4-star analyst with an average return of 7.1% and a 69.9% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Spectrum Brands Holdings.

Currently, the analyst consensus on Dr Pepper is Moderate Buy and the average price target is $103.50, representing a 13.2% upside.

In a report issued on May 26, Susquehanna also reiterated a Hold rating on the stock with a $92 price target.

The company has a one year high of $99.47 and a one year low of $81.05. Currently, Dr Pepper has an average volume of 1.2M.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DPS in relation to earlier this year. Last month, Joyce Roche, a Director at DPS bought 1,144 shares for a total of $74,962.

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.