Howe Rusling Inc buys $5,471,572 stake in Dr Pepper Snapple Group (DPS)

Dr Pepper Snapple Group (DPS) : Howe Rusling Inc scooped up 5,508 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 Oct 17, 2016. The investment management firm now holds a total of 62,805 shares of Dr Pepper Snapple Group which is valued at $5,471,572.Dr Pepper Snapple Group makes up approximately 1.20% of Howe Rusling Inc’s portfolio.

Other Hedge Funds, Including , Jacobs Coca reduced its stake in DPS by selling 50 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 17,065 shares of DPS which is valued at $1,498,136. Dr Pepper Snapple Group makes up approx 0.34% of Jacobs Coca’s portfolio.Raymond James Trust N.a. reduced its stake in DPS by selling 624 shares or 9.4% in the most recent quarter. The Hedge Fund company now holds 6,015 shares of DPS which is valued at $528,057. Dr Pepper Snapple Group makes up approx 0.05% of Raymond James Trust N.a.’s portfolio.

Dr Pepper Snapple Group closed down -0.24 points or -0.27% at $87.12 with 10,48,542 shares getting traded on Friday. Post opening the session at $87.36, the shares hit an intraday low of $87.02 and an intraday high of $87.735 and the price fluctuated in this range throughout the day.Shares ended Friday 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. Dr Pepper Snapple Group was Initiated by Credit Suisse to “Outperform” on Sep 16, 2016. 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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