Gsa Capital Partners Llp buys $5.3 Million stake in Dr Pepper Snapple Group (DPS)

Dr Pepper Snapple Group (DPS) : Gsa Capital Partners Llp scooped up 39,775 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 May 11, 2016. The investment management firm now holds a total of 56,032 shares of Dr Pepper Snapple Group which is valued at $5.3 Million.Dr Pepper Snapple Group makes up approximately 0.34% of Gsa Capital Partners Llp’s portfolio.

Other Hedge Funds, Including , Wbi Investments sold out all of its stake in DPS during the most recent quarter. The investment firm sold 52,923 shares of DPS which is valued $5 Million. Tobam added DPS to its portfolio by purchasing 54 company shares during the most recent quarter which is valued at $5,125.Profund Advisors boosted its stake in DPS in the latest quarter, The investment management firm added 222 additional shares and now holds a total of 6,308 shares of Dr Pepper Snapple Group which is valued at $592,637. Dr Pepper Snapple Group makes up approx 0.03% of Profund Advisors’s portfolio.Municipal Employees’ Retirement System Of Michigan reduced its stake in DPS by selling 20 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 10,190 shares of DPS which is valued at $957,351. Dr Pepper Snapple Group makes up approx 0.06% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Huntington National Bank reduced its stake in DPS by selling 76 shares or 5.32% in the most recent quarter. The Hedge Fund company now holds 1,352 shares of DPS which is valued at $122,910.

Dr Pepper Snapple Group closed down -0.48 points or -0.51% at $94.43 with 14,40,435 shares getting traded on Monday. Post opening the session at $94.76, the shares hit an intraday low of $93.72 and an intraday high of $94.945 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 $0.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.86. The company had revenue of $1487.00 million for the quarter, compared to analysts expectations of $1469.38 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 $0.81 EPS.

Many Wall Street Analysts have commented on Dr Pepper Snapple Group. Company shares were Reiterated by UBS on Apr 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 94 from a previous price target of $93 .Company shares were Reiterated by Barclays on Apr 28, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 94 from a previous price target of $88 .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 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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