Tredje AP fonden Lowers Position in Dr Pepper Snapple Group Inc. (DPS)

Tredje AP fonden decreased its position in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 30.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,130 shares of the company’s stock after selling 9,410 shares during the period. Tredje AP fonden’s holdings in Dr Pepper Snapple Group were worth $1,884,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Chilton Investment Co. LLC purchased a new stake in shares of Dr Pepper Snapple Group in the second quarter valued at approximately $21,943,000. Principal Financial Group Inc. boosted its holdings in shares of 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 valued at $110,203,000 after purchasing an additional 800,808 shares during the period. Sit Investment Associates Inc. boosted its holdings in shares of Dr Pepper Snapple Group by 5.8% in the third quarter. Sit Investment Associates Inc. now owns 209,045 shares of the company’s stock valued at $18,494,000 after purchasing an additional 11,495 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Dr Pepper Snapple Group by 7.7% in the third quarter. Victory Capital Management Inc. now owns 36,342 shares of the company’s stock valued at $3,215,000 after purchasing an additional 2,607 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Dr Pepper Snapple Group by 0.7% in the second quarter. Wells Fargo & Company MN now owns 2,259,175 shares of the company’s stock valued at $205,835,000 after purchasing an additional 15,523 shares during the period. Hedge funds and other institutional investors own 91.12% of the company’s stock.

A number of analysts have weighed in on the company. Morgan Stanley lowered their target price on Dr Pepper Snapple Group from $104.00 to $96.00 and set an “overweight” rating for the company in a report on Thursday, October 26th. Wells Fargo & Company upgraded Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a report on Monday, October 23rd. Macquarie assumed coverage on Dr Pepper Snapple Group in a report on Friday, September 15th. They set a “neutral” rating and a $95.00 target price for the company. BMO Capital Markets restated a “buy” rating and set a $105.00 target price on shares of Dr Pepper Snapple Group in a report on Wednesday, September 6th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $91.00 target price on shares of Dr Pepper Snapple Group in a report on Wednesday, October 25th. One equities 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’s stock. The company has a consensus rating of “Hold” and a consensus target price of $99.45.

Dr Pepper Snapple Group Inc. (NYSE:DPS) opened at $94.95 on Thursday. The stock has a market capitalization of $16,880.63, a price-to-earnings ratio of 21.25, a PEG ratio of 2.35 and a beta of 0.59. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 2.07. Dr Pepper Snapple Group Inc. has a 12-month low of $83.23 and a 12-month high of $99.47.

Dr Pepper Snapple Group (NYSE:DPS) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.06). The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.77 billion. Dr Pepper Snapple Group had a return on equity of 37.53% and a net margin of 11.06%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 earnings per share. equities research analysts anticipate that Dr Pepper Snapple Group Inc. will post 4.54 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 14th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Wednesday, December 13th. Dr Pepper Snapple Group’s payout ratio is presently 58.15%.

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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.

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

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