Dr Pepper and Keurig's tie-up stands to bolster brand mix and enhance scale.
After evaluating the effects of the planned merger with Keurig, we’ve raised our fair value estimate for Dr Pepper to $122 per share, up from our $92 standalone fair value estimate for Dr Pepper Snapple, which incorporates the $103.75 per share special dividend that will be distributed to Dr Pepper shareholders. We find it likely that the deal will close (expected by the second quarter of 2018) in light of the relative concentration in nonalcoholic beverage space, with Coca-Cola, Pepsi, and Dr P...Dr Pepper Snapple Group is a brand owner, manufacturer and distributor of non-alcoholic beverages in the U.S., Canada and Mexico with a portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, water and mixers. In the CSD market, the company's primary brands are Dr Pepper, Canada Dry, 7UP, Crush, A&W, Sunkist soda, Schweppes and Squirt. In the NCB market segment in the U.S., the company participates primarily in the ready-to-drink tea, juice, juice drinks and mixer categories. The company's segments are: Beverage Concentrates, Packaged Beverages and Latin America Beverages.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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