Get Stock Quote Here Dr Pepper Snapple Group Inc. (DPS) is an American soft drink company, based in Plano, Texas. Formerly called Cadbury Schweppes Americas Beverages, on May 5, 2008, it was spun off from Britain's Cadbury Schweppes, with trading in its shares starting on May 7, 2008. Cadbury Schweppes plc went on to become Cadbury plc on May 5, 2008. Beverage America and Select Beverages bottlers were purchased from the Carlyle Group in February 1998. Snapple, Mistic and Stewart's (formerly Cable Car Beverage) were sold by Triarc Companies, Inc. to Cadbury Schweppes in 2000 for $1.45 billion. In October of that same year, Cadbury Schweppes purchased Royal Crown from Triarc.[8] In 2006 and 2007, Cadbury Schweppes purchased the Dr Pepper/Seven Up Bottling Group, along with several other regional bottlers. This allowed DPS to bottle many of its own beverages and combat the recent decision by many Pepsi and Coke bottlers to drop their products. Some of the Dr Pepper/Seven Up brands are still licensed to Pepsi, Coke and independent bottlers in various regions of the United States and Canada. In November 2007, Cadbury Schweppes announced it would take the beverages unit public. In May 2008, Cadbury Schweppes demerged its beverage holdings forming the Dr Pepper Snapple Group. Dr Pepper Snapple Group holds naming rights to Dr Pepper Ballpark and the Dallas Stars' practice facility, the Dr Pepper Star Center, both of which are located in Frisco, Texas. It also retains non-alcoholic beverage rights to each facility's concessions as a result of the deals as well as sponsorships with the NHL franchise. In 2008, Dr Pepper Snapple Group purchased minority interest in Big Red, Inc, makers of Big Red, NuGrape, Nesbitt's and other flavored drinks. In 2014, the company announced that it accomplished its goal of reducing use of polyethylene terephthalate (PET) in its plastic bottles. Dr Pepper Snapple lowered the amount of PET in its bottles by over 60 million pounds between 2007 and 2014.
Reported before open today (4/27/16) Earnings: EPS $0.94 Revenue $1.487B Estimates: EPS $0.86 Revenue $1.47B Up 2.94% today
Dr. Pepper Snapple to merge with Keurig Green Mountain Source: https://www.cnbc.com/video/2018/01/...keurig-green-mountain-in-11-billion-deal.html The link above has a video if you're interested. Up 38% pre-market
Dr Pepper Snapple downgraded to Market Perform from Outperform at Wells Fargo Source: https://thefly.com/landingPageNews.php?id=2674483 Wells Fargo analyst Bonnie Herzog downgraded Dr Pepper Snapple to Market Perform while raising her price target for the shares to $124 from $112. The analyst views the merger with Keurig as positive but feels the stock's risk/reward is neutral following yesterday's rally given potential execution risk and business complexities.
