Dr Pepper Snapple Group, Inc (NYSE:DPS) Stake Reduced by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its position in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) by 6.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 430,446 shares of the company’s stock after selling 27,675 shares during the period. Russell Investments Group Ltd. owned about 0.23% of Dr Pepper Snapple Group worth $39,221,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DPS. 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 in 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 in 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 in the last quarter. JPMorgan Chase & Co. raised its stake in 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 in the last quarter. Finally, Fundsmith LLP raised its stake in 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 in the last quarter. Institutional investors own 91.54% of the company’s stock.

Shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) traded down 0.70% during mid-day trading on Friday, reaching $91.08. 1,226,608 shares of the company’s stock traded hands. Dr Pepper Snapple Group, Inc has a 12-month low of $81.05 and a 12-month high of $99.47. The stock has a market cap of $16.55 billion, a price-to-earnings ratio of 21.84 and a beta of 0.60. The firm’s 50 day moving average price is $90.77 and its 200-day moving average price is $93.17.

Dr Pepper Snapple Group (NYSE:DPS) last released its earnings results on Thursday, July 27th. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by $0.03. Dr Pepper Snapple Group had a return on equity of 38.28% and a net margin of 11.73%. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the business posted $1.25 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts forecast that Dr Pepper Snapple Group, Inc will post $4.63 earnings per share for the current year.

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

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Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a report on Tuesday, June 27th. BMO Capital Markets reissued a “buy” rating and issued a $105.00 price target on shares of Dr Pepper Snapple Group in a report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $112.00 price objective on shares of Dr Pepper Snapple Group in a research report on Thursday, July 6th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $91.00 price objective on shares of Dr Pepper Snapple Group in a research report on Friday, June 9th. Finally, Susquehanna Bancshares Inc set a $92.00 price target on shares of Dr Pepper Snapple Group and gave the stock a “hold” rating in a research report on Saturday, May 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $99.64.

In related news, insider Angela A. Stephens sold 3,160 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $92.51, for a total value of $292,331.60. Following the sale, the insider now owns 16,913 shares in the company, valued at $1,564,621.63. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.58% of the stock is owned by corporate insiders.

Dr Pepper Snapple Group Company 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.

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

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