Pictet Asset Management Ltd. decreased its position in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 238,503 shares of the company’s stock after selling 3,100 shares during the period. Pictet Asset Management Ltd.’s holdings in Dr Pepper Snapple Group were worth $22,135,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of DPS. Huntington National Bank raised its position in shares of Dr Pepper Snapple Group by 5.4% in the first quarter. Huntington National Bank now owns 1,100 shares of the company’s stock worth $108,000 after buying an additional 56 shares during the last quarter. Oakbrook Investments LLC bought a new position in shares of Dr Pepper Snapple Group during the first quarter worth about $764,000. Nisa Investment Advisors LLC raised its position in shares of Dr Pepper Snapple Group by 3.0% in the first quarter. Nisa Investment Advisors LLC now owns 31,221 shares of the company’s stock worth $3,057,000 after buying an additional 895 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of Dr Pepper Snapple Group during the first quarter worth about $223,000. Finally, DnB Asset Management AS raised its position in shares of Dr Pepper Snapple Group by 23.0% in the first quarter. DnB Asset Management AS now owns 27,847 shares of the company’s stock worth $2,727,000 after buying an additional 5,200 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

Shares of Dr Pepper Snapple Group, Inc (NYSE DPS) opened at 90.38 on Friday. The stock has a 50 day moving average of $90.89 and a 200-day moving average of $93.14. Dr Pepper Snapple Group, Inc has a 1-year low of $81.05 and a 1-year high of $99.47. The firm has a market cap of $16.42 billion, a price-to-earnings ratio of 21.67 and a beta of 0.60.

Dr Pepper Snapple Group (NYSE:DPS) last released its quarterly earnings results on Thursday, July 27th. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by $0.03. Dr Pepper Snapple Group had a net margin of 11.73% and a return on equity of 38.28%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the company earned $1.25 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts anticipate that Dr Pepper Snapple Group, Inc will post $4.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 14th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.57%. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is 55.64%.

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A number of brokerages have issued reports on DPS. Jefferies Group LLC restated a “buy” rating and set a $116.00 price target (up previously from $115.00) on shares of Dr Pepper Snapple Group in a research note on Tuesday, April 18th. Susquehanna Bancshares Inc set a $92.00 price target on shares of Dr Pepper Snapple Group and gave the company a “hold” rating in a research note on Saturday, May 27th. Zacks Investment Research upgraded shares of Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research note on Tuesday, June 27th. Credit Suisse Group restated a “buy” rating on shares of Dr Pepper Snapple Group in a research note on Friday, June 23rd. Finally, BMO Capital Markets upgraded shares of Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $98.00 to $105.00 in a research note on Wednesday, June 7th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $99.64.

About Dr Pepper Snapple Group

Dr Pepper Snapple Group, Inc is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Mexico and Canada. The Company offers a diverse portfolio 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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Institutional Ownership by Quarter for Dr Pepper Snapple Group (NYSE:DPS)

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