Rhumbline Advisers boosted its position in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) by 1.8% during the second quarter, Holdings Channel reports. The fund owned 406,372 shares of the company’s stock after buying an additional 7,049 shares during the period. Rhumbline Advisers’ holdings in Dr Pepper Snapple Group were worth $37,025,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in DPS. Sigma Planning Corp raised its stake in shares of Dr Pepper Snapple Group by 20.2% in the first quarter. Sigma Planning Corp now owns 3,921 shares of the company’s stock worth $384,000 after buying an additional 659 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Dr Pepper Snapple Group by 3.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,900 shares of the company’s stock worth $449,000 after buying an additional 170 shares during the last quarter. Candriam Luxembourg S.C.A. raised its stake in shares of Dr Pepper Snapple Group by 13.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 19,135 shares of the company’s stock worth $1,874,000 after buying an additional 2,294 shares during the last quarter. Huntington National Bank raised its stake 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. Finally, Oakbrook Investments LLC purchased a new stake in shares of Dr Pepper Snapple Group during the first quarter worth about $764,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Dr Pepper Snapple Group, Inc (NYSE DPS) opened at 90.38 on Friday. The company has a 50-day moving average of $90.83 and a 200-day moving average of $93.13. Dr Pepper Snapple Group, Inc has a 52 week low of $81.05 and a 52 week high of $99.47. The company 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 (NYSE:DPS) last issued its quarterly earnings results on Thursday, July 27th. The company reported $1.25 EPS for the quarter, missing the Thomson Reuters’ 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 period in the prior year, the business earned $1.25 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities research analysts predict that Dr Pepper Snapple Group, Inc will post $4.63 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 14th will be given a $0.58 dividend. The ex-dividend date 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 presently 55.64%.

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A number of analysts recently issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $116.00 price target (up previously from $115.00) on shares of Dr Pepper Snapple Group in a report on Tuesday, April 18th. Susquehanna Bancshares Inc set a $92.00 price target on Dr Pepper Snapple Group and gave the company a “hold” rating in a report on Saturday, May 27th. Zacks Investment Research upgraded Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a report on Tuesday, June 27th. Credit Suisse Group reiterated a “buy” rating on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. Finally, BMO Capital Markets upgraded Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $98.00 to $105.00 in a report 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 issued a hold rating and six have assigned a buy rating to the company. Dr Pepper Snapple Group currently has an average rating of “Hold” and an average target price 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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