Arizona State Retirement System Has $8.74 Million Position in Dr Pepper Snapple Group, Inc (DPS)

Arizona State Retirement System reduced its position in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,958 shares of the company’s stock after selling 5,600 shares during the period. Arizona State Retirement System’s holdings in Dr Pepper Snapple Group were worth $8,743,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DPS. Wetherby Asset Management Inc. raised its stake in shares of Dr Pepper Snapple Group by 16.5% in the second quarter. Wetherby Asset Management Inc. now owns 5,376 shares of the company’s stock worth $489,000 after buying an additional 761 shares during the last quarter. Cigna Investments Inc. New purchased a new stake in shares of Dr Pepper Snapple Group during the second quarter worth $659,000. Global X Management Co. LLC raised its stake in shares of Dr Pepper Snapple Group by 7.3% in the second quarter. Global X Management Co. LLC now owns 6,428 shares of the company’s stock worth $586,000 after buying an additional 440 shares during the last quarter. Lakeview Capital Partners LLC purchased a new stake in shares of Dr Pepper Snapple Group during the second quarter worth $236,000. Finally, Advisor Partners LLC raised its stake in shares of Dr Pepper Snapple Group by 15.7% in the second quarter. Advisor Partners LLC now owns 4,163 shares of the company’s stock worth $379,000 after buying an additional 564 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

Dr Pepper Snapple Group, Inc (NYSE:DPS) opened at 90.38 on Friday. Dr Pepper Snapple Group, Inc has a 12 month low of $81.05 and a 12 month high of $99.47. The firm’s 50-day moving average is $90.83 and its 200 day moving average is $93.13. The stock has a market capitalization of $16.42 billion, a P/E ratio of 21.67 and a beta of 0.60.

Dr Pepper Snapple Group (NYSE:DPS) last posted its quarterly earnings results on Thursday, July 27th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by $0.03. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.77 billion. Dr Pepper Snapple Group had a net margin of 11.73% and a return on equity of 38.28%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.25 earnings per share. On average, equities analysts anticipate that Dr Pepper Snapple Group, Inc will post $4.63 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 14th will be issued 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%.

COPYRIGHT VIOLATION NOTICE: “Arizona State Retirement System Has $8.74 Million Position in Dr Pepper Snapple Group, Inc (DPS)” was first published by Stock Observer and is the property of of Stock Observer. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://www.thestockobserver.com/2017/08/12/arizona-state-retirement-system-has-8-74-million-position-in-dr-pepper-snapple-group-inc-dps.html.

A number of equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Jefferies Group LLC restated a “buy” rating and issued a $112.00 price objective on shares of Dr Pepper Snapple Group in a report on Tuesday, August 1st. UBS AG increased their target price on shares of Dr Pepper Snapple Group from $98.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, July 28th. Credit Suisse Group set a $107.00 target price on shares of Dr Pepper Snapple Group and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Susquehanna Bancshares Inc set a $96.00 target price on shares of Dr Pepper Snapple Group and gave the company a “hold” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The company 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.

Want to see what other hedge funds are holding DPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dr Pepper Snapple Group, Inc (NYSE:DPS).

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

Receive News & Ratings for Dr Pepper Snapple Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dr Pepper Snapple Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply