New Mexico Educational Retirement Board cut its position in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 7.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,131 shares of the company’s stock after selling 1,400 shares during the period. New Mexico Educational Retirement Board’s holdings in Dr Pepper Snapple Group were worth $1,562,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in Dr Pepper Snapple Group by 1,517.3% in the first quarter. BlackRock Inc. now owns 16,369,447 shares of the company’s stock worth $1,602,895,000 after buying an additional 15,357,318 shares in the last quarter. FIL Ltd increased its position in Dr Pepper Snapple Group by 521.2% in the first quarter. FIL Ltd now owns 990,941 shares of the company’s stock worth $97,033,000 after buying an additional 831,425 shares in the last quarter. FMR LLC increased its position in Dr Pepper Snapple Group by 27.4% in the first quarter. FMR LLC now owns 2,850,027 shares of the company’s stock worth $279,075,000 after buying an additional 613,545 shares in the last quarter. Renaissance Technologies LLC increased its position in Dr Pepper Snapple Group by 600.3% in the first quarter. Renaissance Technologies LLC now owns 669,500 shares of the company’s stock worth $65,557,000 after buying an additional 573,900 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Dr Pepper Snapple Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 17,898,079 shares of the company’s stock worth $1,752,580,000 after buying an additional 522,751 shares in the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

Dr Pepper Snapple Group, Inc (NYSE DPS) opened at 90.38 on Friday. The stock’s 50 day moving average is $90.83 and its 200 day moving average is $93.13. The firm has a market cap of $16.42 billion, a P/E ratio of 21.67 and a beta of 0.60. Dr Pepper Snapple Group, Inc has a one year low of $81.05 and a one year high of $99.47.

Dr Pepper Snapple Group (NYSE:DPS) last released its quarterly earnings data on Thursday, July 27th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by $0.03. Dr Pepper Snapple Group had a return on equity of 38.28% and a net margin of 11.73%. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the company earned $1.25 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts expect that Dr Pepper Snapple Group, Inc will post $4.63 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $2.32 annualized dividend and a yield of 2.57%. Dr Pepper Snapple Group’s dividend payout ratio is currently 55.64%.

COPYRIGHT VIOLATION NOTICE: “New Mexico Educational Retirement Board Reduces Stake in Dr Pepper Snapple Group, Inc (NYSE:DPS)” was published by Daily Political and is the property of of Daily Political. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.dailypolitical.com/2017/08/12/new-mexico-educational-retirement-board-reduces-stake-in-dr-pepper-snapple-group-inc-nysedps.html.

DPS has been the subject of a number of research reports. Morgan Stanley raised shares of Dr Pepper Snapple Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 16th. Barclays PLC reaffirmed a “hold” rating and issued a $99.00 price objective on shares of Dr Pepper Snapple Group in a report on Friday, April 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $112.00 price objective on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. Zacks Investment Research raised shares of Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a report on Tuesday, June 27th. Finally, Credit Suisse Group reaffirmed a “buy” rating on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus 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.