Dr Pepper Snapple and Keurig Green Mountain to Merge, Creating a Challenger in the Beverage Industry with a World-Class Portfolio of Iconic Brands and an Unrivaled Nationwide Distribution Capability

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Go back to Dr Pepper Snapple and Keurig Green Mountain to Merge, Creating a Challenger in the Beverage Industry with a World-Class Portfolio of Iconic Brands and an Unrivaled Nationwide Distribution Capability

Wells Fargo Downgrades Dr Pepper Snapple (DPS) to Market Perform; Deal Positive But Struggles with Strategic Rationale

January 30, 2018 7:22 AM EST

Wells Fargo downgraded Dr Pepper Snapple (NYSE: DPS) from Outperform to Market Perform with a price target of $124.00 (from $112.00) after the company and Keurig Green Mountain entered into an agreement that creates a new beverage company with ~$11B in combined revs Keurig Dr Pepper.

Analyst Bonnie Herzog believes the deal values DPS shares at $124/share (incl. a $103.75/shr special cash... More

Dr Pepper Snapple (DPS) PT Raised to $129 at Susquehanna; Stub Offers Upside

January 29, 2018 11:00 AM EST

Susquehanna analyst Pablo Zuanic raised his price target on Dr Pepper Snapple (NYSE: DPS) to $129.00 (from $97.00) while maintaining a Neutral rating.

Zuanic said the stub offers upside. He cites $103.75 special cash dividend, plus 60c 1Q div, plus our PV for the stub... More

Mondelez (MDLZ) Does Not Intend to Invest New Capital in KDP in Connection with Transaction (DPS)

January 29, 2018 7:55 AM EST

Mondelez (NASDAQ: MDLZ) disclosed in an SEC filing:

On January 29, 2018, Keurig Green Mountain, Inc. (Keurig) and Dr Pepper Snapple Group, Inc. announced that the companies had entered into a definitive merger agreement to create a combined New York Stock Exchange-listed public company (the transaction). Upon closing of the transaction, the... More