Pioneer Investment Management Inc. Sells 11,952 Shares of Dr Pepper Snapple Group, Inc (DPS)

Pioneer Investment Management Inc. decreased its position in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 402,746 shares of the company’s stock after selling 11,952 shares during the period. Pioneer Investment Management Inc. owned about 0.22% of Dr Pepper Snapple Group worth $36,694,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Dr Pepper Snapple Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 17,898,079 shares of the company’s stock worth $1,752,580,000 after buying an additional 522,751 shares during the last quarter. BlackRock Inc. raised its stake in shares of Dr Pepper Snapple Group by 1,517.3% in the first quarter. BlackRock Inc. now owns 16,369,447 shares of the company’s stock worth $1,602,895,000 after buying an additional 15,357,318 shares during the last quarter. State Street Corp raised its stake in shares of Dr Pepper Snapple Group by 0.4% in the first quarter. State Street Corp now owns 8,505,213 shares of the company’s stock worth $832,832,000 after buying an additional 34,155 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Dr Pepper Snapple Group by 6.0% in the first quarter. JPMorgan Chase & Co. now owns 8,323,977 shares of the company’s stock worth $815,084,000 after buying an additional 474,447 shares during the last quarter. Finally, Fundsmith LLP raised its stake in shares of Dr Pepper Snapple Group by 0.5% in the first quarter. Fundsmith LLP now owns 5,329,086 shares of the company’s stock worth $521,824,000 after buying an additional 24,232 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dr Pepper Snapple Group, Inc (DPS) traded down 0.70% on Friday, hitting $91.08. 1,226,608 shares of the stock traded hands. The stock’s 50 day moving average price is $90.77 and its 200 day moving average price is $93.17. Dr Pepper Snapple Group, Inc has a 52-week low of $81.05 and a 52-week high of $99.47. The stock has a market cap of $16.55 billion, a P/E ratio of 21.84 and a beta of 0.60.

Dr Pepper Snapple Group (NYSE:DPS) last released 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 net margin of 11.73% and a return on equity of 38.28%. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the business posted $1.25 earnings per share. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts expect that Dr Pepper Snapple Group, Inc will post $4.63 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 14th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Wednesday, September 13th. Dr Pepper Snapple Group’s dividend payout ratio is currently 55.64%.

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DPS has been the topic of a number of research reports. Cowen and Company reaffirmed a “hold” rating and set a $96.00 target price on shares of Dr Pepper Snapple Group in a research note on Friday, July 14th. BidaskClub lowered shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Jefferies Group LLC reissued a “buy” rating and set a $112.00 price objective on shares of Dr Pepper Snapple Group in a research note on Tuesday, August 1st. UBS AG boosted their price objective on shares of Dr Pepper Snapple Group from $98.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, July 28th. Finally, Credit Suisse Group reissued a “buy” rating on shares of Dr Pepper Snapple Group in a research note on Friday, June 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Dr Pepper Snapple Group has an average rating of “Hold” and an average target price of $99.64.

In other news, insider Angela A. Stephens sold 3,160 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $92.51, for a total value of $292,331.60. Following the sale, the insider now directly owns 16,913 shares in the company, valued at approximately $1,564,621.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.58% of the stock is currently owned by company insiders.

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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