News Update: Dr Pepper Snapple Group Inc. Cut to Neutral at

UBS (NYSE:UBS) cut Dr Pepper Snapple Group Inc. (NYSE:DPS) from buy to neutral Wednesday morning,...  More »

UBS (NYSE:UBS) cut Dr Pepper Snapple Group Inc. (NYSE:DPS) from buy to neutral Wednesday morning, citing that shares of Dr Pepper Snapple Group have benefitted from gains and two separate one-time payments from Coca-Cola Co. (NYSE:KO), as well as from PepsiCo, Inc. (NYSE:PEP). The payments reportedly add up to over $1.5 billion for Dr Pepper Snapple Group. A broker close to the situation told MarketWatch that UBS officials find it hard to justify that Dr Pepper Snapple Group is trading on 15.7 times 2010 estimated earnings, which the report calls "a premium to both Coke and Pepsi." Shares of UBS closed Tuesday's trading day at $14.13, and shares of Dr Pepper Snapple Group closed yesterday at $37.42.  « Less