Dr Pepper Snapple Group (DPS) : Efg Asset Management (americas) Corp. scooped up 5,405 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 12, 2016. The investment management firm now holds a total of 44,357 shares of Dr Pepper Snapple Group which is valued at $4,312,831.Dr Pepper Snapple Group makes up approximately 1.98% of Efg Asset Management (americas) Corp.’s portfolio.
Other Hedge Funds, Including , Andra Ap-fonden reduced its stake in DPS by selling 13,900 shares or 20.47% in the most recent quarter. The Hedge Fund company now holds 54,000 shares of DPS which is valued at $5,250,420. Dr Pepper Snapple Group makes up approx 0.13% of Andra Ap-fonden’s portfolio. Dynamic Technology Lab Private Ltd sold out all of its stake in DPS during the most recent quarter. The investment firm sold 10,108 shares of DPS which is valued $982,801.New Century Investment Management Inc reduced its stake in DPS by selling 56 shares or 0.8% in the most recent quarter. The Hedge Fund company now holds 6,939 shares of DPS which is valued at $682,381. Dr Pepper Snapple Group makes up approx 0.35% of New Century Investment Management Inc’s portfolio.
Dr Pepper Snapple Group opened for trading at $93.52 and hit $93.78 on the upside on Monday, eventually ending the session at $93.39, with a gain of 0.12% or 0.11 points. The heightened volatility saw the trading volume jump to 7,78,316 shares. Company has a market cap of $17,315 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.
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 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.