Boston Advisors LLC Cuts Stake in Dr Pepper Snapple Group, Inc (DPS)

Boston Advisors LLC lessened its position in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) by 86.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,429 shares of the company’s stock after selling 189,557 shares during the quarter. Boston Advisors LLC’s holdings in Dr Pepper Snapple Group were worth $2,604,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DPS. Gamco Investors INC. ET AL acquired a new position in shares of Dr Pepper Snapple Group during the second quarter valued at $88,794,000. Janus Henderson Group PLC lifted its stake in shares of Dr Pepper Snapple Group by 684.7% during the second quarter. Janus Henderson Group PLC now owns 964,536 shares of the company’s stock valued at $87,880,000 after acquiring an additional 841,626 shares during the period. BlackRock Inc. lifted its stake in shares of Dr Pepper Snapple Group by 4.9% during the second quarter. BlackRock Inc. now owns 17,172,007 shares of the company’s stock valued at $1,564,543,000 after acquiring an additional 802,560 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Dr Pepper Snapple Group by 195.9% during the second quarter. Principal Financial Group Inc. now owns 1,209,566 shares of the company’s stock valued at $110,203,000 after acquiring an additional 800,808 shares during the period. Finally, Gabelli Funds LLC acquired a new position in shares of Dr Pepper Snapple Group during the second quarter valued at $64,750,000. 90.11% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.com-unik.info/2017/10/30/boston-advisors-llc-cuts-stake-in-dr-pepper-snapple-group-inc-dps.html.

In other news, insider Angela A. Stephens sold 7,700 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $91.12, for a total value of $701,624.00. Following the transaction, the insider now directly owns 6,053 shares of the company’s stock, valued at approximately $551,549.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela A. Stephens sold 3,160 shares of the business’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 completion of the transaction, the insider now directly owns 16,913 shares in the company, valued at $1,564,621.63. The disclosure for this sale can be found here. 0.58% of the stock is owned by insiders.

Shares of Dr Pepper Snapple Group, Inc (NYSE DPS) opened at 85.75 on Monday. The firm has a market cap of $15.58 billion, a price-to-earnings ratio of 20.56 and a beta of 0.61. Dr Pepper Snapple Group, Inc has a 52-week low of $81.05 and a 52-week high of $99.47. The stock’s 50 day moving average price is $89.23 and its 200-day moving average price is $91.40.

Dr Pepper Snapple Group (NYSE:DPS) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.77 billion. Dr Pepper Snapple Group had a net margin of 11.06% and a return on equity of 37.53%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 earnings per share. On average, analysts forecast that Dr Pepper Snapple Group, Inc will post $4.52 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Thursday, September 14th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Wednesday, September 13th. Dr Pepper Snapple Group’s dividend payout ratio is 58.15%.

DPS has been the topic of several research reports. Jefferies Group LLC cut their price target on Dr Pepper Snapple Group from $112.00 to $111.00 and set a “buy” rating on the stock in a research note on Friday, October 13th. BMO Capital Markets reaffirmed a “buy” rating and set a $105.00 price target on shares of Dr Pepper Snapple Group in a research note on Wednesday, September 6th. Credit Suisse Group set a $107.00 price target on Dr Pepper Snapple Group and gave the company a “buy” rating in a research note on Thursday, July 27th. Stifel Nicolaus cut their price target on Dr Pepper Snapple Group from $114.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Susquehanna Bancshares Inc set a $96.00 price target on Dr Pepper Snapple Group and gave the company a “hold” rating in a research note on Thursday, July 27th. One 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 stock. The stock has a consensus rating of “Hold” and an average price target of $99.45.

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)

What are top analysts saying about Dr Pepper Snapple Group Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Dr Pepper Snapple Group Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit