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Goldman Sachs Reiterates Neutral Rating On Dr. Pepper Snapple Group (DPS)

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Goldman Sachs (NYSE: GS) analysts attended Dr. Pepper Snapple Group's (NYSE: DPS) investor day yesterday in Plano, Texas and said that they "came away from the meeting with generally positive takeaways and a view that solid business momentum should continue for the foreseeable future." Furthermore, they said that they remain generally constructive on the DPS story as the company continues to gain market share and generate compelling cash returns. Goldman (GS) has a $39 price target on the stock, based on a 14x projected earnings multiple.

During the current trading session, DPS shares have gained 0.57% to $36.75. Over the last month, the stock has gained 2.88% as broader equity markets have sold off. Dr Pepper Snapple Group, Inc. (DPS) is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Canada and Mexico with a varied portfolio of flavored (non-cola) carbonated soft drinks (CSD) and non-carbonated beverages (NCB), including ready-to-drink teas, juices, juice drinks and mixers.

 

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