Tobam Has Raised Its Dr Pepper Snapple Group (DPS) Stake by $4.72 Million; Bunge Limited Com (BG) Stake Held by Lord Abbett & Company

February 17, 2018 - By Ellis Scott

Tobam increased its stake in Dr Pepper Snapple Group Inc (DPS) by 18.4% based on its latest 2017Q3 regulatory filing with the SEC. Tobam bought 53,589 shares as the company’s stock declined 3.26% while stock markets rallied. The institutional investor held 344,823 shares of the consumer non-durables company at the end of 2017Q3, valued at $30.51M, up from 291,234 at the end of the previous reported quarter. Tobam who had been investing in Dr Pepper Snapple Group Inc for a number of months, seems to be bullish on the $20.69B market cap company. The stock decreased 0.34% or $0.39 during the last trading session, reaching $115.12. About 2.68M shares traded or 27.21% up from the average. Dr Pepper Snapple Group, Inc. (NYSE:DPS) has declined 1.39% since February 17, 2017 and is downtrending. It has underperformed by 18.09% the S&P500.

Lord Abbett & Company increased its stake in Bunge Limited Com (BG) by 2.45% based on its latest 2017Q3 regulatory filing with the SEC. Lord Abbett & Company bought 9,300 shares as the company’s stock declined 10.41% while stock markets rallied. The institutional investor held 389,257 shares of the packaged foods company at the end of 2017Q3, valued at $27.04M, up from 379,957 at the end of the previous reported quarter. Lord Abbett & Company who had been investing in Bunge Limited Com for a number of months, seems to be bullish on the $11.12B market cap company. The stock increased 2.47% or $1.91 during the last trading session, reaching $79.1. About 2.41M shares traded or 37.55% up from the average. Bunge Limited (NYSE:BG) has risen 14.04% since February 17, 2017 and is uptrending. It has underperformed by 2.66% the S&P500.

Tobam, which manages about $5.57B and $2.65B US Long portfolio, decreased its stake in Vmware Inc (NYSE:VMW) by 211,266 shares to 292,710 shares, valued at $31.96M in 2017Q3, according to the filing. It also reduced its holding in Realty Income Corp (NYSE:O) by 246,104 shares in the quarter, leaving it with 460,748 shares, and cut its stake in Netflix Inc (NASDAQ:NFLX).

Among 21 analysts covering Dr Pepper Snapple (NYSE:DPS), 9 have Buy rating, 0 Sell and 12 Hold. Therefore 43% are positive. Dr Pepper Snapple had 74 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, October 28, the company rating was maintained by UBS. The stock of Dr Pepper Snapple Group, Inc. (NYSE:DPS) has “Hold” rating given on Tuesday, August 22 by Cowen & Co. The rating was maintained by Cowen & Co with “Hold” on Monday, January 8. The rating was downgraded by Zacks on Monday, September 7 to “Hold”. Goldman Sachs maintained it with “Sell” rating and $89 target in Wednesday, June 29 report. The firm has “Outperform” rating given on Monday, October 23 by Wells Fargo. The stock of Dr Pepper Snapple Group, Inc. (NYSE:DPS) has “Buy” rating given on Tuesday, May 30 by Jefferies. Susquehanna maintained the stock with “Hold” rating in Friday, May 26 report. The company was downgraded on Wednesday, January 13 by Goldman Sachs. Cowen & Co maintained it with “Hold” rating and $9600 target in Thursday, July 13 report.

Among 10 analysts covering Bunge Limited (NYSE:BG), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Bunge Limited had 32 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Goldman Sachs on Monday, March 20. On Tuesday, September 29 the stock rating was upgraded by Credit Suisse to “Outperform”. Piper Jaffray maintained the stock with “Buy” rating in Friday, October 6 report. The stock of Bunge Limited (NYSE:BG) earned “Hold” rating by Credit Suisse on Friday, May 26. The rating was upgraded by Stephens on Thursday, February 15 to “Buy”. The firm has “Buy” rating by Piper Jaffray given on Monday, September 4. The stock has “Buy” rating by BMO Capital Markets on Wednesday, September 27. The firm has “Buy” rating given on Friday, April 29 by Citigroup. As per Monday, June 12, the company rating was maintained by BMO Capital Markets. The firm has “Underweight” rating given on Thursday, April 6 by JP Morgan.

Lord Abbett & Company, which manages about $34.25B US Long portfolio, decreased its stake in Netflix Inc Com (NASDAQ:NFLX) by 48,263 shares to 380,763 shares, valued at $69.05M in 2017Q3, according to the filing. It also reduced its holding in M & T Bk Corp Com (NYSE:MTB) by 296,203 shares in the quarter, leaving it with 99,200 shares, and cut its stake in Intel Corp Com (NASDAQ:INTC).

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