Navellier Associates Inc Lowers stake in Dr Pepper Snapple Group (DPS)

Dr Pepper Snapple Group (DPS) : Navellier Associates Inc reduced its stake in Dr Pepper Snapple Group by 30.21% during the most recent quarter end. The investment management company now holds a total of 125,575 shares of Dr Pepper Snapple Group which is valued at $12,138,080 after selling 54,370 shares in Dr Pepper Snapple Group , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Dr Pepper Snapple Group makes up approximately 1.78% of Navellier Associates Inc’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in DPS in the latest quarter, The investment management firm added 521 additional shares and now holds a total of 27,972 shares of Dr Pepper Snapple Group which is valued at $2,703,774. Dr Pepper Snapple Group makes up approx 0.07% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio. Boston Private Wealth added DPS to its portfolio by purchasing 2,093 company shares during the most recent quarter which is valued at $202,309. Dr Pepper Snapple Group makes up approx 0.01% of Boston Private Wealth’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.

Dr Pepper Snapple Group closed down -0.85 points or -0.88% at $95.93 with 11,10,237 shares getting traded on Monday. Post opening the session at $96.78, the shares hit an intraday low of $95.51 and an intraday high of $96.78 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 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 *