NEW YORK (TheStreet) -- Shares of Dr Pepper Snapple (DPS) are up 1.07% to $97.23 in early-afternoon trading after posting better than expected fiscal 2016 second quarter results on Wednesday. 

Before the market open, the Plano, TX-based soft drink company reported earnings of $1.25 per share on revenue of $1.7 billion, beating analysts' expectations of $1.13 per share on revenue of $1.66 billion. 

BMO Capital consequently raised the stock's price target to $100 from $94. The firm has a "market perform" rating on shares. 

"DPS's 2Q16 adjusted EPS of $1.25 exceeded our estimate by $0.04 owing to solid revenue growth (+2.4%), margin expansion, and a slightly lower tax rate," the firm wrote in the analyst note. 

More growth may be needed for Dr Pepper Snapple to "further close its valuation gap with its key beverage peers," but the firm is confident that the company has the ability to "maintain its current growth trajectory." 

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate DR PEPPER SNAPPLE GROUP INC as a Buy with a ratings score of A. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

You can view the full analysis from the report here: DPS

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