Weik Investment Services Inc Lowers stake in Dr Pepper Snapple Group (DPS)

Dr Pepper Snapple Group (DPS) : Weik Investment Services Inc reduced its stake in Dr Pepper Snapple Group by 1.71% during the most recent quarter end. The investment management company now holds a total of 28,825 shares of Dr Pepper Snapple Group which is valued at $2,802,655 after selling 500 shares in Dr Pepper Snapple Group , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Dr Pepper Snapple Group makes up approximately 1.61% of Weik Investment Services Inc’s portfolio.

Other Hedge Funds, Including , Pacad Investment Ltd. boosted its stake in DPS in the latest quarter, The investment management firm added 7,890 additional shares and now holds a total of 22,290 shares of Dr Pepper Snapple Group which is valued at $2,167,257. Dr Pepper Snapple Group makes up approx 0.29% of Pacad Investment Ltd.’s portfolio.Tower Research Capital (trc) boosted its stake in DPS in the latest quarter, The investment management firm added 3,937 additional shares and now holds a total of 4,159 shares of Dr Pepper Snapple Group which is valued at $404,380. Dr Pepper Snapple Group makes up approx 0.04% of Tower Research Capital (trc)’s portfolio. Harel Insurance Investments Financial Services Ltd. added DPS to its portfolio by purchasing 560 company shares during the most recent quarter which is valued at $54,130. Dr Pepper Snapple Group makes up approx 0.01% of Harel Insurance Investments Financial Services Ltd.’s portfolio. Cypress Capital Management (wy) added DPS to its portfolio by purchasing 1,050 company shares during the most recent quarter which is valued at $103,436. Dr Pepper Snapple Group makes up approx 0.13% of Cypress Capital Management (wy)’s portfolio.

Dr Pepper Snapple Group closed down -1 points or -1.06% at $93.47 with 15,45,163 shares getting traded on Tuesday. Post opening the session at $94.46, the shares hit an intraday low of $92.91 and an intraday high of $95.12 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Dr Pepper Snapple Group reported $1.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.20. The company had revenue of $1695.00 million for the quarter, compared to analysts expectations of $1682.70 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS.

Investors should note that on Aug 11, 2016, Dr Pepper Snapple Group announced a cash dividend of $0.5300. The company’s management has announced Sep 9, 2016 as the ex-dividend date and fixed the record date on Sep 13, 2016. The payable date has been fixed on Oct 5, 2016.

Many Wall Street Analysts have commented on Dr Pepper Snapple Group. Company shares were Reiterated by Deutsche Bank on Jul 28, 2016 to “Hold”, Firm has raised the Price Target to $ 97 from a previous price target of $95 .

Dr Pepper Snapple Group Inc. is a brand owner manufacturer and distributor of non-alcoholic beverages. The Company operates in the United States Canada and Mexico. Its products comprise flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) including ready-to-drink teas juices juice drinks water and mixers. The Company operates under three segments: Beverage Concentrates Packaged Beverages and Latin America Beverages. The Company’s brands include Dr Pepper Canada Dry 7UP A&W Sunkist Squirt Penafiel Crush Schweppes RC Cola Snapple Hawaiian Punch Mott’s Clamato Aguafiel Mr & Mrs T Rose’s and Margaritaville among others. The Company distributes finished beverages and manufactures beverage concentrates and fountain syrups. The Company caters to bottlers and distributors and retailers.

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