Glenmede Trust Co Na buys $99,058,832 stake in Dr Pepper Snapple Group (DPS)

Dr Pepper Snapple Group (DPS) : Glenmede Trust Co Na scooped up 186,161 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 Nov 14, 2016. The investment management firm now holds a total of 1,201,587 shares of Dr Pepper Snapple Group which is valued at $99,058,832.Dr Pepper Snapple Group makes up approximately 0.56% of Glenmede Trust Co Na’s portfolio.

Other Hedge Funds, Including , Menta Capital reduced its stake in DPS by selling 2,200 shares or 26.83% in the most recent quarter. The Hedge Fund company now holds 6,000 shares of DPS which is valued at $494,640. Dr Pepper Snapple Group makes up approx 0.05% of Menta Capital’s portfolio.Grantham Mayo Van Otterloo reduced its stake in DPS by selling 916,139 shares or 46.52% in the most recent quarter. The Hedge Fund company now holds 1,053,076 shares of DPS which is valued at $87,658,046. Dr Pepper Snapple Group makes up approx 0.43% of Grantham Mayo Van Otterloo’s portfolio.New York State Teachers Retirement System reduced its stake in DPS by selling 5,031 shares or 1.3% in the most recent quarter. The Hedge Fund company now holds 381,981 shares of DPS which is valued at $31,796,098. Dr Pepper Snapple Group makes up approx 0.08% of New York State Teachers Retirement System’s portfolio.

Dr Pepper Snapple Group opened for trading at $82.94 and hit $83.66 on the upside on Monday, eventually ending the session at $83.48, with a gain of 0.53% or 0.44 points. The heightened volatility saw the trading volume jump to 14,16,802 shares. Company has a market cap of $15,337 M.

On the company’s financial health, Dr Pepper Snapple Group reported $1.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $1.11. The company had revenue of $1680.00 million for the quarter, compared to analysts expectations of $1653.34 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Investors should note that on Nov 16, 2016, Dr Pepper Snapple Group announced a cash dividend of $0.5300. The company’s management has announced Dec 9, 2016 as the ex-dividend date and fixed the record date on Dec 13, 2016. The payable date has been fixed on Jan 5, 2017.

Many Wall Street Analysts have commented on Dr Pepper Snapple Group. Shares were Reiterated by UBS on Oct 28, 2016 to “Neutral” and Lowered the Price Target to $ 94 from a previous price target of $96 .Dr Pepper Snapple Group was Initiated by Credit Suisse to “Outperform” on Sep 16, 2016.

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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