Putnam Investments LLC lessened its holdings in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,526,344 shares of the company’s stock after selling 31,021 shares during the period. Putnam Investments LLC’s holdings in Dr Pepper Snapple Group were worth $186,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Farallon Capital Management LLC acquired a new stake in Dr Pepper Snapple Group during the first quarter valued at $386,605,000. FMR LLC grew its position in Dr Pepper Snapple Group by 30.7% during the second quarter. FMR LLC now owns 8,419,475 shares of the company’s stock valued at $1,027,176,000 after buying an additional 1,976,937 shares during the period. Natixis grew its position in Dr Pepper Snapple Group by 2,811.6% during the first quarter. Natixis now owns 1,363,579 shares of the company’s stock valued at $161,420,000 after buying an additional 1,316,746 shares during the period. Bank of America Corp DE grew its position in Dr Pepper Snapple Group by 42.3% during the second quarter. Bank of America Corp DE now owns 3,707,819 shares of the company’s stock valued at $452,354,000 after buying an additional 1,102,686 shares during the period. Finally, Morgan Stanley grew its position in Dr Pepper Snapple Group by 28.2% during the second quarter. Morgan Stanley now owns 3,860,995 shares of the company’s stock valued at $471,039,000 after buying an additional 849,276 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

DPS has been the topic of several analyst reports. Zacks Investment Research lowered shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Stephens restated a “buy” rating on shares of Dr Pepper Snapple Group in a research report on Tuesday, July 10th. Finally, Stifel Nicolaus lowered shares of Dr Pepper Snapple Group from a “buy” rating to a “hold” rating and set a $122.00 price target on the stock. in a research report on Monday, June 18th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $118.85.

Shares of NYSE DPS remained flat at $$123.66 during trading on Friday. Dr Pepper Snapple Group Inc. has a 1 year low of $83.23 and a 1 year high of $126.65. The stock has a market cap of $22.29 billion, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 2.29 and a beta of 0.76. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.66.

Dr Pepper Snapple Group Profile

Dr Pepper Snapple Group, Inc manufactures and distributes non-alcoholic beverages in the United States, Mexico and the Caribbean, and Canada. The company operates through three segments: Beverage Concentrates, Packaged Beverages, and Latin America Beverages. It offers flavored carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, mineral and coconut water, and mixers, as well as manufactures and sells Mott's apple sauces.

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

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