Elkhorn Investments LLC lifted its stake in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) by 7.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,064 shares of the company’s stock after buying an additional 921 shares during the quarter. Elkhorn Investments LLC’s holdings in Dr Pepper Snapple Group were worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Chilton Investment Co. LLC acquired a new position in Dr Pepper Snapple Group in the second quarter worth $21,943,000. Principal Financial Group Inc. boosted its holdings in Dr Pepper Snapple Group by 195.9% in the second quarter. Principal Financial Group Inc. now owns 1,209,566 shares of the company’s stock worth $110,203,000 after purchasing an additional 800,808 shares during the period. Trexquant Investment LP acquired a new position in Dr Pepper Snapple Group in the first quarter worth $1,332,000. Global Financial Private Capital LLC acquired a new position in Dr Pepper Snapple Group in the first quarter worth $1,708,000. Finally, LS Investment Advisors LLC boosted its holdings in Dr Pepper Snapple Group by 7.8% in the second quarter. LS Investment Advisors LLC now owns 19,020 shares of the company’s stock worth $1,733,000 after purchasing an additional 1,379 shares during the period. 89.98% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts have commented on the stock. Susquehanna Bancshares Inc set a $92.00 price objective on shares of Dr Pepper Snapple Group and gave the stock a “hold” rating in a report on Saturday, May 27th. 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. Credit Suisse Group reaffirmed a “buy” rating on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. BidaskClub raised shares of Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $112.00 price target on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $99.25.

Shares of Dr Pepper Snapple Group, Inc (NYSE DPS) traded down 0.85% during midday trading on Friday, reaching $88.74. 1,360,930 shares of the company’s stock traded hands. Dr Pepper Snapple Group, Inc has a 52-week low of $81.05 and a 52-week high of $99.47. The firm has a market capitalization of $16.13 billion, a P/E ratio of 21.28 and a beta of 0.61. The stock’s 50 day moving average price is $91.26 and its 200 day moving average price is $92.90.

Dr Pepper Snapple Group (NYSE:DPS) last posted its quarterly earnings results on Thursday, July 27th. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the company posted $1.25 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that Dr Pepper Snapple Group, Inc will post $4.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 14th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Wednesday, September 13th. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is presently 55.64%.

In other news, insider Angela A. Stephens sold 3,160 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $92.51, for a total value of $292,331.60. Following the completion of the sale, the insider now directly owns 16,913 shares of the company’s stock, valued at $1,564,621.63. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Angela A. Stephens sold 7,700 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was 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 directly owns 6,053 shares of the company’s stock, valued at $551,549.36. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

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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