Tower Square Investment Management Lowers stake in Dr Pepper Snapple Group (DPS)

Dr Pepper Snapple Group (DPS) : Tower Square Investment Management reduced its stake in Dr Pepper Snapple Group by 10.01% during the most recent quarter end. The investment management company now holds a total of 17,817 shares of Dr Pepper Snapple Group which is valued at $1.7 Million after selling 1,981 shares in Dr Pepper Snapple Group , the firm said in a disclosure report filed with the SEC on May 12, 2016.Dr Pepper Snapple Group makes up approximately 0.88% of Tower Square Investment Management’s portfolio.

Other Hedge Funds, Including , First Allied Advisory Services reduced its stake in DPS by selling 6,960 shares or 7.75% in the most recent quarter. The Hedge Fund company now holds 82,864 shares of DPS which is valued at $7.9 Million. Dr Pepper Snapple Group makes up approx 0.44% of First Allied Advisory Services’s portfolio.Ftb Advisors boosted its stake in DPS in the latest quarter, The investment management firm added 242 additional shares and now holds a total of 519 shares of Dr Pepper Snapple Group which is valued at $49,258. Dr Pepper Snapple Group makes up approx 0.01% of Ftb Advisors’s portfolio.Global X Management Co boosted its stake in DPS in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 791 shares of Dr Pepper Snapple Group which is valued at $74,314.Cibc World Markets reduced its stake in DPS by selling 66,532 shares or 78.82% in the most recent quarter. The Hedge Fund company now holds 17,880 shares of DPS which is valued at $1.7 Million. Dr Pepper Snapple Group makes up approx 0.01% of Cibc World Markets’s portfolio.Nisa Investment Advisors L.l.c. boosted its stake in DPS in the latest quarter, The investment management firm added 7,840 additional shares and now holds a total of 25,871 shares of Dr Pepper Snapple Group which is valued at $2.4 Million. Dr Pepper Snapple Group makes up approx 0.03% of Nisa Investment Advisors L.l.c.’s portfolio.

Dr Pepper Snapple Group closed down -0.99 points or -1.07% at $91.21 with 8,84,337 shares getting traded on Friday. Post opening the session at $92.68, the shares hit an intraday low of $91.14 and an intraday high of $92.68 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 $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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