Dr Pepper Snapple Group Inc. (NYSE:DPS) has registered growth in the stock market, rising 1.3% to trade at a record $64.17 in New York Stock Exchange (NYSE). The company’s stock has grown by 32% this year alone, showing very good signs as the industry gains momentum. DPS is owns Hawaiian Punch, 7UP, and A&W.
In the past week, Dr Pepper Snapple Group Inc. (NYSE:DPS) recorded growth in stock price for four out of five days. With call options also up to about 19,000, it’s clear that the stock’s health is attracting many investors. The stock had an average of only 259 call options for the past 20 days, meaning that last week was extremely successful.
Dr Pepper Snapple Group Inc. (NYSE:DPS) has an A+ investment rating according to “10 Best Beverage Stocks for 2014” rating compiled by TheStreet, coming second after PepsiCo, Inc. (NYSE:PEP). The company, which is headquartered in Plano, Texas, and dealing in non-alcoholic beverages has been working to expand its market within the U.S., Mexico, Canada, and the Caribbean.
Dr Pepper Snapple Group Inc. (NYSE:DPS) signed intent to acquire Davis Beverage Group and Davis Bottling Co. this month, a move that is meant to expand the company’s business empire. If such an acquisition goes through, the company would acquire several assets from Davis Bottling Co. The Bethlehem, Pennsylvania, company has been distributing Dr Pepper Snapple Group Inc. (NYSE:DPS) products in different parts of its home State. Such an acquisition would therefore give DPS more control in the management of distribution services within the State.
“Davis has proudly served customers and consumers for more than 70 years and been a great partner to us both as a distributor of our brands and as a contract manufacturer,” said Larry Young, president and CEO of DPS. “We’re excited about the possibility of building on their great heritage while nearly doubling our direct store delivery footprint in Pennsylvania and adding their glass bottling capabilities.”
If such an acquisition goes through and the market continues to flourish, Dr Pepper Snapple Group Inc. (NYSE:DPS) will definitely pull more investors.
This article has been written by Victor Ochieng.