Keurig Green Mountain to merge with Dr Pepper Snapple

Dr. Pepper

Dr. Pepper

The firm now has an "outperform" rating on the stock. The firm has "Buy" rating given on Thursday, January 4 by Wells Fargo.

Several other equities research analysts have also commented on the company. That deal created a global coffee giant that set its sights to take on industry leader Nestle (NESN.S).Goldman Sachs was the lead financial adviser to Keurig and Credit Suisse advised Dr Pepper Snapple on the deal. They presently have a $115.00 target price on the stock. (NYSE:WM) has "Buy" rating given on Tuesday, July 28 by Argus Research. Facebook had 220 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with "Buy" rating in Wednesday, June 7 report.

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. About 1.16M shares traded. Hoplite Capital Management Lp who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $552.10B market cap company. Zacks downgraded Dr Pepper Snapple Group, Inc. (NYSE:ARI) to report earnings on February, 26.

The company expects to get its leverage to below three times earnings before interest, tax, depreciation and amortization within two to three years, while paying an annual dividend of 60 cents per share. Reuters estimated the value of the transaction at over $21 billion. Dr Pepper Snapple Group's dividend payout ratio (DPR) is presently 58.15%.

"We are excited to combine with Keurig to build on the rich heritage and expertise of both companies and provide the highest-quality hot and cold beverages to satisfy every consumer throughout the day". They expect $1.85 EPS, up 50.41% or $0.62 from last year's $1.23 per share. Sun Life Financial INC now owns 1,346 shares of the company's stock worth $123,000 after buying an additional 1,336 shares during the last quarter. The institutional investor held 13,783 shares of the technology company at the end of 2017Q3, valued at $2.36 million, up from 11,298 at the end of the previous reported quarter. It also increased its holding in Charles Riv Labs Intl Com (NYSE:CRL) by 6,615 shares in the quarter, for a total of 14,015 shares, and has risen its stake in Novanta Inc Com. Dr Pepper Snapple Group Inc. BlackRock Inc. now owns 17,172,007 shares of the company's stock valued at $1,564,543,000 after purchasing an additional 802,560 shares during the period.

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On 8/11/2016 Dr Pepper Snapple Group announced a quarterly dividend of $0.53 with an ex dividend date of 9/9/2016 which will be payable on 10/5/2016. 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.

Dr Pepper Snapple Group (NYSE:DPS) last posted its quarterly earnings data on Wednesday, October 25th. (NASDAQ:FB). Newfocus Group Ltd Llc owns 2,701 shares or 0.3% of their U.S. portfolio.

Jefferies analysts said further deals by Keurig Dr Pepper are very likely, as the company pays down a debt load expected to be about $16.6 billion when the deal closes, scheduled for the second quarter. For the quarter, shares are performing at 11.85%.

TRADEMARK VIOLATION NOTICE: "Dr Pepper Snapple Group (NYSE:DPS) Price Target Raised to $112.00" was originally published by Week Herald and is owned by of Week Herald.

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