US: Dr Pepper Snapple Group boss offloads $3.5m of shares

By | 5 August 2013

The group reported flat sales and falling profits in its first half

The group reported flat sales and falling profits in its first half

Dr Pepper Snapple Group's (DPSG) president & CEO has sold around US$3.5m-worth of his own stock in the company.

Larry Young offloaded 74,103 shares at an average price of $47.35 last week, according to a regulatory filing on Friday (2 August). Young retains 250,000 shares in the soft drinks group.

Shares in DPSG closed on Friday at $47.41. A year ago the group's stock was trading at around $45. Shares hit a 12-month high of $50.36 in May. 

Last month, the group reported flat first-half sales and a 6.8% drop in net profits, blaming a challenging CSD market and bad weather in the US. 

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2012 Carbonated Soft Drinks in the U.S.

This comprehensive study of the leading beverage category examines trends and top companies' strategies, providing up-to-date statistics and detailed analysis of leading brands, packaging, channels of distribution, regional markets, pricing, demographics, advertising, five-year growth projections and more.

Sectors: Soft drinks

Companies: Dr Pepper

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