Deutsche Bank Comments On Dr Pepper Snapple Group At Consumer Conference

According to Deutsche Bank, Dr Pepper Snapple Group (NYSE: DPS) attended the DB consumer conference.

Deutsche Bank said that CFO Marty Ellen focused on strategy to manage brand growth, improve efficiency, and maximize FCF. “Strategy is sound, industry reinvestment should help lift LRB volume, DPS has leverage if commodities ease, and we are constructive on cash return. But with relatively fair valuation (14.8x), retain ST concerns on sluggish category, competitor promotion and commodities vis-a-vis ability to outperform expectations.”

Dr Pepper Snapple Group closed yesterday at $40.68.