Rhumbline Advisers Reduces Holdings in Dr Pepper Snapple Group, Inc (DPS)
Rhumbline Advisers cut its holdings in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 405,499 shares of the company’s stock after selling 873 shares during the quarter. Rhumbline Advisers owned about 0.22% of Dr Pepper Snapple Group worth $35,874,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Advisor Group Inc. raised its holdings in Dr Pepper Snapple Group by 8.6% during the 3rd quarter. Advisor Group Inc. now owns 10,271 shares of the company’s stock worth $908,000 after buying an additional 810 shares during the period. Toronto Dominion Bank grew its stake in shares of Dr Pepper Snapple Group by 10.6% in the 3rd quarter. Toronto Dominion Bank now owns 70,589 shares of the company’s stock valued at $6,245,000 after buying an additional 6,761 shares in the last quarter. Sei Investments Co. boosted its position in Dr Pepper Snapple Group by 12.0% during the third quarter. Sei Investments Co. now owns 128,813 shares of the company’s stock worth $11,396,000 after purchasing an additional 13,763 shares during the period. BNP Paribas Arbitrage SA boosted its position in Dr Pepper Snapple Group by 26.3% during the third quarter. BNP Paribas Arbitrage SA now owns 228,050 shares of the company’s stock worth $20,176,000 after purchasing an additional 47,427 shares during the period. Finally, Global X MANAGEMENT CO LLC boosted its position in Dr Pepper Snapple Group by 18.5% during the third quarter. Global X MANAGEMENT CO LLC now owns 7,615 shares of the company’s stock worth $674,000 after purchasing an additional 1,187 shares during the period. Hedge funds and other institutional investors own 90.14% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a research report on Monday, October 23rd. Macquarie started coverage on Dr Pepper Snapple Group in a research note on Friday, September 15th. They issued a “neutral” rating and a $95.00 target price for the company. UBS AG raised their target price on Dr Pepper Snapple Group from $98.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, July 28th. BidaskClub raised Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Susquehanna Bancshares Inc set a $96.00 price target on Dr Pepper Snapple Group and gave the stock a “hold” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $99.45.
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In related news, insider Angela A. Stephens sold 7,700 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $91.12, for a total transaction of $701,624.00. Following the transaction, the insider now owns 6,053 shares in the company, valued at approximately $551,549.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.58% of the stock is owned by insiders.
Shares of Dr Pepper Snapple Group, Inc (NYSE DPS) opened at $87.12 on Friday. The stock has a market capitalization of $15,766.69, a price-to-earnings ratio of 19.85, a P/E/G ratio of 2.20 and a beta of 0.57. Dr Pepper Snapple Group, Inc has a 52 week low of $82.24 and a 52 week high of $99.47. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.74 and a current ratio of 0.93.
Dr Pepper Snapple Group (NYSE:DPS) last released its quarterly earnings results on Wednesday, October 25th. The company reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.06). The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Dr Pepper Snapple Group had a net margin of 11.06% and a return on equity of 37.53%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 EPS. equities analysts expect that Dr Pepper Snapple Group, Inc will post 4.54 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 14th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.66%. Dr Pepper Snapple Group’s dividend payout ratio is currently 58.15%.
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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