Why Fiat Chrysler, Coca-Cola, Anthem and 2 Other Stocks Are Moving Today

Dr Pepper Snapple Beats Q2 Estimates

Dr Pepper Snapple Group Inc. (NYSE:DPS)’s stock is in the limelight today after the company posted second quarter earnings that topped estimates. The soft drink maker earned $1.25 per share, beating estimates of $1.20. Revenue of $1.70 billion for the quarter also surpassed expectations of $1.68 billion. For the full year, Dr Pepper Snapple expects its EPS to be between $4.27 and $4.35, while the consensus estimate stands at $4.35. Andy Brown’s Cedar Rock Capital owns more than 10.98 million shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) as of the end of March.

Fiat Chrysler Misses Revenue Estimates

Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) are down by more than 2% today after the auto manufacturer reported second quarter EPS of £0.45 ($0.49), missing the estimates of £0.50 ($0.55). Revenue for the quarter totaled £27.89 billion ($30.66 billion), also well below estimates of £31.77 billion ($34.92 billion). Worldwide consolidated shipments slipped by 1%, whereas worldwide combined shipments increased by 1%. The London-based automaker was also forced to revise its five-year sales figures after the Justice Department and Securities and Exchange Commission investigated the way the company reported its sales. As of the end of the first quarter, 28 funds tracked by us were long Fiat Chrysler Automobiles NV (NYSE:FCAU).

Coca-Cola Cuts Revenue Forecast

The Coca-Cola Co (NYSE:KO) shares have slumped by more than 3% today after the company cut its organic revenue forecast for the full year amid declining sales in Asia. Coca-Cola reported $11.5 billion in revenue for the second quarter, which also disappointed investors, who had been predicting $11.64 billion. However, EPS of $0.60 topped the consensus analyst estimate of $0.58. Coca Cola’s CEO Muhtar Kent said in a statement that strong performance in the U.S, Mexico, and Japan were counterbalanced by difficulties in emerging markets like China and Argentina. Hedge funds increased their hold on The Coca-Cola Co (NYSE:KO) in the first quarter, as 62 funds in our system were long the company, up from 51 funds a quarter earlier.

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