Smith Asset Management Group Lp Lowers stake in Dr Pepper Snapple Group (DPS)

Dr Pepper Snapple Group (DPS) : Smith Asset Management Group Lp reduced its stake in Dr Pepper Snapple Group by 6.16% during the most recent quarter end. The investment management company now holds a total of 488,690 shares of Dr Pepper Snapple Group which is valued at $47,011,978 after selling 32,080 shares in Dr Pepper Snapple Group , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Dr Pepper Snapple Group makes up approximately 1.36% of Smith Asset Management Group Lp’s portfolio.

Other Hedge Funds, Including , Pggm Investments boosted its stake in DPS in the latest quarter, The investment management firm added 2,033 additional shares and now holds a total of 155,366 shares of Dr Pepper Snapple Group which is valued at $14,946,209. Dr Pepper Snapple Group makes up approx 0.07% of Pggm Investments’s portfolio.1st Global Advisors boosted its stake in DPS in the latest quarter, The investment management firm added 66 additional shares and now holds a total of 12,444 shares of Dr Pepper Snapple Group which is valued at $1,223,743. Dr Pepper Snapple Group makes up approx 0.16% of 1st Global Advisors’s portfolio. Cribstone Capital Management added DPS to its portfolio by purchasing 50 company shares during the most recent quarter which is valued at $4,890. Bkd Wealth Advisors added DPS to its portfolio by purchasing 2,383 company shares during the most recent quarter which is valued at $231,651. Dr Pepper Snapple Group makes up approx 0.03% of Bkd Wealth Advisors’s portfolio.

Dr Pepper Snapple Group opened for trading at $97.86 and hit $98.8 on the upside on Friday, eventually ending the session at $98.51, with a gain of 0.65% or 0.64 points. The heightened volatility saw the trading volume jump to 9,80,277 shares. Company has a market cap of $18,264 M.

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 .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 .

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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