Weik Investment Services Inc Lowers stake in Dr Pepper Snapple Group (DPS)

Dr Pepper Snapple Group (DPS) : Weik Investment Services Inc reduced its stake in Dr Pepper Snapple Group by 0.29% during the most recent quarter end. The investment management company now holds a total of 29,325 shares of Dr Pepper Snapple Group which is valued at $2.8 Million after selling 85 shares in Dr Pepper Snapple Group , the firm said in a disclosure report filed with the SEC on May 13, 2016.Dr Pepper Snapple Group makes up approximately 1.69% of Weik Investment Services Inc’s portfolio.

Other Hedge Funds, Including , Nuveen Asset Management boosted its stake in DPS in the latest quarter, The investment management firm added 40,479 additional shares and now holds a total of 218,301 shares of Dr Pepper Snapple Group which is valued at $20.7 Million. Dr Pepper Snapple Group makes up approx 0.13% of Nuveen Asset Management’s portfolio.Norinchukin Bank The boosted its stake in DPS in the latest quarter, The investment management firm added 789 additional shares and now holds a total of 9,614 shares of Dr Pepper Snapple Group which is valued at $912,465. Dr Pepper Snapple Group makes up approx 0.02% of Norinchukin Bank The’s portfolio. Bluecrest Capital Management Ltd sold out all of its stake in DPS during the most recent quarter. The investment firm sold 22,574 shares of DPS which is valued $2.1 Million.Confluence Wealth Management boosted its stake in DPS in the latest quarter, The investment management firm added 111 additional shares and now holds a total of 2,402 shares of Dr Pepper Snapple Group which is valued at $218,366. Dr Pepper Snapple Group makes up approx 0.10% of Confluence Wealth Management’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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