Dr Pepper Snapple Group (DPS) : Pensionfund Sabic reduced its stake in Dr Pepper Snapple Group by 22.86% during the most recent quarter end. The investment management company now holds a total of 16,200 shares of Dr Pepper Snapple Group which is valued at $1.5 Million after selling 4,800 shares in Dr Pepper Snapple Group according to a report filed by the company on Apr 4, 2016 with the SEC.Dr Pepper Snapple Group makes up approximately 0.45% of Pensionfund Sabic’s portfolio.
Other Hedge Funds, Including , Pensionfund Dsm Netherlands reduced its stake in DPS by selling 8,500 shares or 19.77% in the most recent quarter. The Hedge Fund company now holds 34,500 shares of DPS which is valued at $3.1 Million. Dr Pepper Snapple Group makes up approx 0.43% of Pensionfund Dsm Netherlands’s portfolio.
On the company’s financial health, Dr Pepper Snapple Group reported $1.00 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 17, 2016. Analyst had a consensus of $0.98. The company had revenue of $1546.00 million for the quarter, compared to analysts expectations of $1529.62 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS.
Many Wall Street Analysts have commented on Dr Pepper Snapple Group. Company shares were Reiterated by Stifel on Feb 18, 2016 to “Buy”, Firm has raised the Price Target to $ 102 from a previous price target of $98 .Dr Pepper Snapple Group was Upgraded by Credit Agricole to ” Outperform” on Jan 22, 2016. Dr Pepper Snapple Group was Downgraded by Goldman to ” Sell” on Jan 13, 2016.
Dr Pepper Snapple Group closed down -0.77 points or -0.84% at $90.75 with 12,06,598 shares getting traded on Monday. Post opening the session at $91.57, the shares hit an intraday low of $90.68 and an intraday high of $92.26 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.