Dumont Blake Investment Advisors Lowers stake in Dr Pepper Snapple Group (DPS)

Dr Pepper Snapple Group (DPS) : Dumont Blake Investment Advisors reduced its stake in Dr Pepper Snapple Group by 2.41% during the most recent quarter end. The investment management company now holds a total of 10,140 shares of Dr Pepper Snapple Group which is valued at $878,327 after selling 250 shares in Dr Pepper Snapple Group , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Dr Pepper Snapple Group makes up approximately 0.45% of Dumont Blake Investment Advisors’s portfolio.

Dr Pepper Snapple Group opened for trading at $89.3 and hit $90.52 on the upside on Wednesday, eventually ending the session at $90.38, with a gain of 2.96% or 2.6 points. The heightened volatility saw the trading volume jump to 26,70,568 shares. Company has a market cap of $16,933 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in DPS during the most recent quarter. The investment firm sold 18,107 shares of DPS which is valued $1,568,428.Carroll Financial Associates boosted its stake in DPS in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 1,300 shares of Dr Pepper Snapple Group which is valued at $112,606. Dr Pepper Snapple Group makes up approx 0.02% of Carroll Financial Associates’s portfolio.First Citizens Bank Trust Co reduced its stake in DPS by selling 10,816 shares or 7.3% in the most recent quarter. The Hedge Fund company now holds 137,427 shares of DPS which is valued at $11,903,927. Dr Pepper Snapple Group makes up approx 0.98% of First Citizens Bank Trust Co’s portfolio.Palo Capital boosted its stake in DPS in the latest quarter, The investment management firm added 179 additional shares and now holds a total of 17,873 shares of Dr Pepper Snapple Group which is valued at $1,548,159. Dr Pepper Snapple Group makes up approx 1.22% of Palo Capital’s portfolio.Rathbone Brothers Plc reduced its stake in DPS by selling 4,018 shares or 2.82% in the most recent quarter. The Hedge Fund company now holds 138,395 shares of DPS which is valued at $12,559,346. Dr Pepper Snapple Group makes up approx 0.77% of Rathbone Brothers Plc’s portfolio.

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 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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