South State Corp lowered its stake in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 31.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,091 shares of the company’s stock after selling 2,387 shares during the period. South State Corp’s holdings in Dr Pepper Snapple Group were worth $464,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in shares of Dr Pepper Snapple Group in the first quarter worth $113,000. Parallel Advisors LLC raised its holdings in shares of Dr Pepper Snapple Group by 34.9% in the second quarter. Parallel Advisors LLC now owns 1,211 shares of the company’s stock worth $110,000 after buying an additional 313 shares during the last quarter. Financial Architects Inc raised its holdings in shares of Dr Pepper Snapple Group by 4.8% in the second quarter. Financial Architects Inc now owns 1,322 shares of the company’s stock worth $121,000 after buying an additional 61 shares during the last quarter. Huntington National Bank raised its holdings in shares of Dr Pepper Snapple Group by 51.8% in the second quarter. Huntington National Bank now owns 1,670 shares of the company’s stock worth $152,000 after buying an additional 570 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Dr Pepper Snapple Group by 6.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,926 shares of the company’s stock worth $175,000 after buying an additional 120 shares during the last quarter. 90.36% of the stock is owned by institutional investors and hedge funds.

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In related news, insider Angela A. Stephens sold 7,700 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $91.12, for a total value of $701,624.00. Following the completion of the sale, the insider now owns 6,053 shares in the company, valued at approximately $551,549.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Angela A. Stephens sold 3,160 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $92.51, for a total transaction of $292,331.60. Following the completion of the sale, the insider now owns 16,913 shares of the company’s stock, valued at approximately $1,564,621.63. The disclosure for this sale can be found here. 0.58% of the stock is owned by corporate insiders.

DPS has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $105.00 price target on shares of Dr Pepper Snapple Group in a report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $112.00 price target on shares of Dr Pepper Snapple Group in a report on Thursday, July 6th. Zacks Investment Research raised shares of 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 reaffirmed a “buy” rating on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. Finally, Susquehanna Bancshares Inc set a $96.00 price target on shares of Dr Pepper Snapple Group and gave the stock a “hold” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $99.64.

Shares of Dr Pepper Snapple Group, Inc (NYSE DPS) traded down 0.01% on Wednesday, hitting $91.65. 86,860 shares of the company traded hands. The stock’s 50-day moving average price is $91.22 and its 200-day moving average price is $92.99. 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 market capitalization of $16.66 billion, a PE ratio of 21.98 and a beta of 0.61.

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. On average, equities analysts predict that Dr Pepper Snapple Group, Inc will post $4.63 earnings per share for the current 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. The ex-dividend date is Wednesday, September 13th. This represents a $2.32 annualized dividend and a yield of 2.52%. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is 55.64%.

Dr Pepper Snapple Group 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.

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

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