Dr Pepper Snapple Group Inc. (DPS): Are Hedge Funds Right About This Stock?

Since Dr Pepper Snapple Group Inc. (NYSE:DPS) has experienced falling interest from the aggregate hedge fund industry, we can see that there were a few funds that slashed their full holdings last quarter. Interestingly, Matthew Tewksbury’s Stevens Capital Management cut the largest investment of the 700 funds followed by Insider Monkey, valued at close to $8.2 million in stock. Peter Muller’s fund, PDT Partners, also sold off its stock, about $7.7 million worth. These bearish behaviors are important to note, as total hedge fund interest fell by 8 funds last quarter.

Let’s go over hedge fund activity in other stocks similar to Dr Pepper Snapple Group Inc. (NYSE:DPS). These stocks are BRF Brasil Foods SA (ADR) (NYSE:BRFS), Grupo Televisa SAB (ADR) (NYSE:TV), Viacom, Inc. (NASDAQ:VIAB), and Stanley Black & Decker, Inc. (NYSE:SWK). All of these stocks’ market caps are similar to DPS’s market cap.

As you can see these stocks had an average of 25.5 hedge funds with bullish positions and the average amount invested in these stocks was $1,143 million. That figure was $1,711 million in DPS’s case. Viacom, Inc. (NASDAQ:VIAB) is the most popular stock in this table. On the other hand BRF Brasil Foods SA (ADR) (NYSE:BRFS) is the least popular one with only 11 bullish hedge fund positions. Dr Pepper Snapple Group Inc. (NYSE:DPS) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard VIAB might be a better candidate to consider a long position.