Smith Asset Management Group LP cut its stake in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 6.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 488,690 shares of the company’s stock after selling 32,080 shares during the period. Dr Pepper Snapple Group comprises 1.4% of Smith Asset Management Group LP’s holdings, making the stock its 21st largest position. Smith Asset Management Group LP’s holdings in Dr Pepper Snapple Group were worth $47,222,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in DPS. State Street Corp increased its position in shares of Dr Pepper Snapple Group by 2.2% in the first quarter. State Street Corp now owns 8,599,112 shares of the company’s stock worth $768,938,000 after buying an additional 185,065 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Dr Pepper Snapple Group by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 6,653,610 shares of the company’s stock worth $594,966,000 after buying an additional 39,019 shares during the last quarter. Fundsmith LLP increased its position in shares of Dr Pepper Snapple Group by 1.3% in the first quarter. Fundsmith LLP now owns 3,601,159 shares of the company’s stock worth $322,016,000 after buying an additional 47,410 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Dr Pepper Snapple Group during the second quarter worth about $194,014,000. Finally, Geode Capital Management LLC increased its position in shares of Dr Pepper Snapple Group by 3.3% in the first quarter. Geode Capital Management LLC now owns 1,699,358 shares of the company’s stock worth $151,682,000 after buying an additional 54,992 shares during the last quarter. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Dr Pepper Snapple Group Inc. (NYSE:DPS) traded up 0.02% during mid-day trading on Tuesday, hitting $90.79. The company had a trading volume of 1,200,451 shares. Dr Pepper Snapple Group Inc. has a 12 month low of $76.56 and a 12 month high of $98.80. The company has a 50-day moving average price of $94.21 and a 200 day moving average price of $93.00. The firm has a market capitalization of $16.83 billion, a P/E ratio of 20.79 and a beta of 0.32.

Dr Pepper Snapple Group (NYSE:DPS) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $1.25 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.05. Dr Pepper Snapple Group had a return on equity of 37.43% and a net margin of 13.04%. The company earned $1.70 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. Equities analysts forecast that Dr Pepper Snapple Group Inc. will post $4.37 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Tuesday, September 13th will be given a dividend of $0.53 per share. The ex-dividend date is Friday, September 9th. This represents a $2.12 dividend on an annualized basis and a yield of 2.34%. Dr Pepper Snapple Group’s dividend payout ratio is currently 48.51%.

DPS has been the topic of a number of research analyst reports. Citigroup Inc. upped their price target on Dr Pepper Snapple Group from $97.00 to $102.00 and gave the company a “neutral” rating in a report on Thursday, July 28th. Zacks Investment Research downgraded Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. BMO Capital Markets reiterated a “market perform” rating on shares of Dr Pepper Snapple Group in a research report on Friday, July 15th. Goldman Sachs Group Inc. reiterated a “sell” rating and set a $95.00 price objective (up previously from $89.00) on shares of Dr Pepper Snapple Group in a research report on Friday, July 15th. Finally, Credit Suisse Group AG initiated coverage on Dr Pepper Snapple Group in a research report on Thursday, September 15th. They set an “outperform” rating and a $108.00 price objective for the company. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $96.86.

In other Dr Pepper Snapple Group news, insider David Thomas sold 2,000 shares of Dr Pepper Snapple Group stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $97.20, for a total transaction of $194,400.00. Following the completion of the sale, the insider now owns 40,000 shares of the company’s stock, valued at approximately $3,888,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Martin M. Ellen sold 15,462 shares of Dr Pepper Snapple Group stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $96.63, for a total value of $1,494,093.06. Following the sale, the insider now directly owns 5,462 shares of the company’s stock, valued at approximately $527,793.06. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

About Dr Pepper Snapple Group

Dr Pepper Snapple Group, Inc is an owner, manufacturer and distributor of non-alcoholic beverages in the United States, Canada and Mexico. The Company’s products consist of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, water and mixers.

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