Clinton Group Inc adds Dr Pepper Snapple Group (DPS) to its portfolio

Dr Pepper Snapple Group (DPS) : Clinton Group Inc added new position in Dr Pepper Snapple Group during the most recent quarter end. The investment management firm now holds 126,797 shares of Dr Pepper Snapple Group which is valued at $12 Million , the company said in a statement filed on May 13, 2016 with the SEC.Dr Pepper Snapple Group makes up approximately 0.73% of Clinton Group Inc’s portfolio.

Other Hedge Funds, Including , Public Sector Pension Investment Board reduced its stake in DPS by selling 17,900 shares or 37.06% in the most recent quarter. The Hedge Fund company now holds 30,397 shares of DPS which is valued at $2.9 Million. Dr Pepper Snapple Group makes up approx 0.03% of Public Sector Pension Investment Board’s portfolio.Tower Square Investment Management reduced its stake in DPS by selling 1,981 shares or 10.01% in the most recent quarter. The Hedge Fund company now holds 17,817 shares of DPS which is valued at $1.7 Million. Dr Pepper Snapple Group makes up approx 0.88% of Tower Square Investment Management’s portfolio. Advisors Preferred sold out all of its stake in DPS during the most recent quarter. The investment firm sold 136 shares of DPS which is valued $12,908.Us Financial Advisors reduced its stake in DPS by selling 272 shares or 45.11% in the most recent quarter. The Hedge Fund company now holds 331 shares of DPS which is valued at $31,097. Dr Pepper Snapple Group makes up approx 0.05% of Us Financial Advisors’s portfolio.Smithfield Trust Co reduced its stake in DPS by selling 648 shares or 10.2% in the most recent quarter. The Hedge Fund company now holds 5,705 shares of DPS which is valued at $535,985. Dr Pepper Snapple Group makes up approx 0.10% of Smithfield Trust Co’s portfolio.

Dr Pepper Snapple Group closed down -0.92 points or -0.99% at $91.77 with 7,88,287 shares getting traded on Wednesday. Post opening the session at $92.5, the shares hit an intraday low of $91.74 and an intraday high of $92.808 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

Investors should note that on May 18, 2016, Dr Pepper Snapple Group announced a cash dividend of $0.5300. The company’s management has announced Jun 10, 2016 as the ex-dividend date and fixed the record date on Jun 14, 2016. The payable date has been fixed on Jul 7, 2016.

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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