Dr Pepper Snapple Group, Inc (DPS) Stake Boosted by Huntington National Bank

Huntington National Bank boosted its position in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 51.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,670 shares of the company’s stock after buying an additional 570 shares during the period. Huntington National Bank’s holdings in Dr Pepper Snapple Group were worth $152,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Baystate Wealth Management LLC boosted its stake in shares of Dr Pepper Snapple Group by 5.0% in the first quarter. Baystate Wealth Management LLC now owns 1,113 shares of the company’s stock worth $108,000 after buying an additional 53 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Dr Pepper Snapple Group during the first quarter worth $113,000. Financial Architects Inc raised its position in shares of Dr Pepper Snapple Group by 4.8% in the second quarter. Financial Architects Inc now owns 1,322 shares of the company’s stock worth $121,000 after buying an additional 61 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Dr Pepper Snapple Group by 3.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,817 shares of the company’s stock worth $178,000 after buying an additional 57 shares in the last quarter. Finally, Checchi Capital Advisers LLC bought a new position in shares of Dr Pepper Snapple Group during the first quarter worth $204,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

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. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 21.84 and a beta of 0.60. Dr Pepper Snapple Group, Inc has a one year low of $81.05 and a one year high of $99.47. The firm’s 50-day moving average is $90.77 and its 200 day moving average is $93.17.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 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 2.55%. The ex-dividend date of this dividend is Wednesday, September 13th. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is presently 55.64%.

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Several research firms have commented on DPS. Zacks Investment Research upgraded shares of Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a research report on Tuesday, June 27th. BMO Capital Markets reissued a “buy” rating and issued a $105.00 target price on shares of Dr Pepper Snapple Group in a research note on Wednesday, July 12th. Jefferies Group LLC reissued a “buy” rating and issued a $112.00 target price on shares of Dr Pepper Snapple Group in a research note on Thursday, July 6th. Royal Bank Of Canada reissued a “hold” rating and issued a $91.00 target price on shares of Dr Pepper Snapple Group in a research note 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 note on Saturday, May 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $99.64.

In other news, insider Angela A. Stephens sold 3,160 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $92.51, for a total transaction of $292,331.60. Following the sale, the insider now directly owns 16,913 shares of the company’s stock, valued at $1,564,621.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.58% of the stock is owned by 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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