Boston Advisors Lowers stake in Dr Pepper Snapple Group (DPS)

Dr Pepper Snapple Group (DPS) : Boston Advisors reduced its stake in Dr Pepper Snapple Group by 21.3% during the most recent quarter end. The investment management company now holds a total of 338,064 shares of Dr Pepper Snapple Group which is valued at $32,521,757 after selling 91,512 shares in Dr Pepper Snapple Group , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Dr Pepper Snapple Group makes up approximately 0.79% of Boston Advisors’s portfolio.

Other Hedge Funds, Including , Smith Asset Management Group Lp reduced its stake in DPS by selling 32,080 shares or 6.16% in the most recent quarter. The Hedge Fund company now holds 488,690 shares of DPS which is valued at $47,011,978. Dr Pepper Snapple Group makes up approx 1.36% of Smith Asset Management Group Lp’s portfolio.Highstreet Asset Management boosted its stake in DPS in the latest quarter, The investment management firm added 3,899 additional shares and now holds a total of 11,905 shares of Dr Pepper Snapple Group which is valued at $1,170,738. Dr Pepper Snapple Group makes up approx 0.40% of Highstreet Asset Management’s portfolio. Quantres Asset Management Ltd sold out all of its stake in DPS during the most recent quarter. The investment firm sold 5,700 shares of DPS which is valued $560,538.First Quadrant L Pca reduced its stake in DPS by selling 155,400 shares or 52.82% in the most recent quarter. The Hedge Fund company now holds 138,800 shares of DPS which is valued at $13,573,252. Dr Pepper Snapple Group makes up approx 0.29% of First Quadrant L Pca’s portfolio.Legacy Private Trust reduced its stake in DPS by selling 310 shares or 3.37% in the most recent quarter. The Hedge Fund company now holds 8,890 shares of DPS which is valued at $858,952. Dr Pepper Snapple Group makes up approx 0.12% of Legacy Private Trust’s portfolio.

Dr Pepper Snapple Group opened for trading at $97.86 and hit $98.8 on the upside on Friday, eventually ending the session at $98.51, with a gain of 0.65% or 0.64 points. The heightened volatility saw the trading volume jump to 9,80,277 shares. Company has a market cap of $18,264 M.

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 .Company shares were Reiterated by UBS on Apr 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 94 from a previous price target of $93 .Company shares were Reiterated by Barclays on Apr 28, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 94 from a previous price target of $88 .

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *