Dr Pepper Snapple Group (DPS) : Ardevora Asset Management Llp scooped up 26,000 additional shares in Dr Pepper Snapple Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 314,900 shares of Dr Pepper Snapple Group which is valued at $30,539,002.Dr Pepper Snapple Group makes up approximately 1.21% of Ardevora Asset Management Llp’s portfolio.
Other Hedge Funds, Including , Ropes Wealth Advisors sold out all of its stake in DPS during the most recent quarter. The investment firm sold 67 shares of DPS which is valued $6,498.Strategy Asset Managers reduced its stake in DPS by selling 169 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 26,361 shares of DPS which is valued at $2,551,218. Dr Pepper Snapple Group makes up approx 0.56% of Strategy Asset Managers’s portfolio.Dupont Capital Management Corp reduced its stake in DPS by selling 16,585 shares or 15.34% in the most recent quarter. The Hedge Fund company now holds 91,536 shares of DPS which is valued at $8,847,870. Dr Pepper Snapple Group makes up approx 0.19% of Dupont Capital Management Corp’s portfolio. Copper Rock Capital Partners added DPS to its portfolio by purchasing 4,540 company shares during the most recent quarter which is valued at $443,967. Dr Pepper Snapple Group makes up approx 0.03% of Copper Rock Capital Partners’s portfolio.
Dr Pepper Snapple Group closed down -0.23 points or -0.24% at $97 with 6,99,271 shares getting traded on Monday. Post opening the session at $97.32, the shares hit an intraday low of $96.92 and an intraday high of $97.42 and the price fluctuated in this range throughout the day.Shares ended Monday 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.
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 Companys brands include Dr Pepper Canada Dry 7UP A&W Sunkist Squirt Penafiel Crush Schweppes RC Cola Snapple Hawaiian Punch Motts Clamato Aguafiel Mr & Mrs T Roses 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.