Patton Albertson Miller Group LLC lowered its stake in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) by 10.8% during the second quarter, Holdings Channel reports. The firm owned 6,880 shares of the company’s stock after selling 835 shares during the period. Patton Albertson Miller Group LLC’s holdings in Dr Pepper Snapple Group were worth $626,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in DPS. Huntington National Bank increased 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 valued at $108,000 after buying an additional 56 shares during the period. Oakbrook Investments LLC acquired a new stake in Dr Pepper Snapple Group during the first quarter valued at $764,000. Nisa Investment Advisors LLC boosted its stake in 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 valued at $3,057,000 after buying an additional 895 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in Dr Pepper Snapple Group during the first quarter valued at $223,000. Finally, DnB Asset Management AS boosted its stake in 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 valued at $2,727,000 after buying an additional 5,200 shares in the last quarter. Institutional investors own 90.74% of the company’s stock.

Dr Pepper Snapple Group, Inc (NYSE:DPS) opened at 90.38 on Friday. Dr Pepper Snapple Group, Inc has a 12 month low of $81.05 and a 12 month high of $99.47. The company has a 50-day moving average price of $90.89 and a 200 day moving average price of $93.14. The company has a market capitalization of $16.42 billion, a PE ratio of 21.67 and a beta of 0.60.

Dr Pepper Snapple Group (NYSE:DPS) last issued its quarterly earnings data on Thursday, July 27th. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the company earned $1.25 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that Dr Pepper Snapple Group, Inc will post $4.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 14th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.57%. Dr Pepper Snapple Group’s dividend payout ratio is 55.64%.

COPYRIGHT VIOLATION WARNING: “Patton Albertson Miller Group LLC Has $626,000 Position in Dr Pepper Snapple Group, Inc (NYSE:DPS)” was posted by Daily Political and is the property of of Daily Political. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/08/11/patton-albertson-miller-group-llc-has-626000-position-in-dr-pepper-snapple-group-inc-nysedps.html.

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

Dr Pepper Snapple Group Company Profile

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.

Want to see what other hedge funds are holding DPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dr Pepper Snapple Group, Inc (NYSE:DPS).

Institutional Ownership by Quarter for Dr Pepper Snapple Group (NYSE:DPS)

Receive News & Ratings for Dr Pepper Snapple Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dr Pepper Snapple Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.