Dr Pepper Snapple Group, Inc (DPS) Shares Sold by Korea Investment CORP

Korea Investment CORP lessened its stake in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 24.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,107 shares of the company’s stock after selling 23,000 shares during the period. Korea Investment CORP’s holdings in Dr Pepper Snapple Group were worth $6,291,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Private Bank & Trust Co. increased its stake in shares of Dr Pepper Snapple Group by 1.0% in the second quarter. Private Bank & Trust Co. now owns 3,184 shares of the company’s stock worth $290,000 after buying an additional 30 shares during the last quarter. Greenwood Capital Associates LLC increased its stake in shares of Dr Pepper Snapple Group by 1.4% in the second quarter. Greenwood Capital Associates LLC now owns 3,534 shares of the company’s stock worth $322,000 after buying an additional 49 shares during the last quarter. Argent Trust Co increased its stake in shares of Dr Pepper Snapple Group by 1.1% in the second quarter. Argent Trust Co now owns 5,048 shares of the company’s stock worth $460,000 after buying an additional 55 shares during the last quarter. Financial Architects Inc increased its stake 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 during the last quarter. Finally, Advisor Group Inc. increased its stake in shares of Dr Pepper Snapple Group by 0.7% in the second quarter. Advisor Group Inc. now owns 9,461 shares of the company’s stock worth $853,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

In other Dr Pepper Snapple Group news, insider Angela A. Stephens sold 7,700 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $91.12, for a total transaction of $701,624.00. Following the transaction, the insider now owns 6,053 shares in the company, valued at $551,549.36. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Angela A. Stephens sold 3,160 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $92.51, for a total value of $292,331.60. Following the transaction, the insider now owns 16,913 shares in the company, valued at approximately $1,564,621.63. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.

DPS has been the subject of several recent research reports. Jefferies Group LLC lowered their target price on shares of Dr Pepper Snapple Group from $112.00 to $111.00 and set a “buy” rating for the company in a research note on Friday, October 13th. BMO Capital Markets reiterated a “buy” rating and set a $105.00 target price on shares of Dr Pepper Snapple Group in a research note on Wednesday, September 6th. Credit Suisse Group set a $107.00 target price on shares of Dr Pepper Snapple Group and gave the company a “buy” rating in a research note on Thursday, July 27th. Stifel Nicolaus lowered their target price on shares of Dr Pepper Snapple Group from $114.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Finally, Susquehanna Bancshares Inc set a $96.00 target price on shares of Dr Pepper Snapple Group and gave the company a “hold” rating in a research note on Thursday, July 27th. One 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 company presently has a consensus rating of “Hold” and an average target price of $99.45.

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Dr Pepper Snapple Group (NYSE:DPS) last announced its earnings results on Wednesday, October 25th. The company reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.06). Dr Pepper Snapple Group had a net margin of 11.06% and a return on equity of 37.53%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the business posted $1.17 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Thursday, September 14th were paid a $0.58 dividend. The ex-dividend date was Wednesday, September 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.72%. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is presently 58.15%.

Dr Pepper Snapple Group 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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