Lindsell Train Ltd Has $230.34 Million Stake in Dr Pepper Snapple Group, Inc (DPS)

Lindsell Train Ltd reduced its holdings in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 0.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,603,579 shares of the company’s stock after selling 10,000 shares during the quarter. Dr Pepper Snapple Group makes up 7.8% of Lindsell Train Ltd’s portfolio, making the stock its 6th biggest position. Lindsell Train Ltd owned approximately 1.43% of Dr Pepper Snapple Group worth $230,339,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Acrospire Investment Management LLC lifted its position in Dr Pepper Snapple Group by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock valued at $109,000 after purchasing an additional 600 shares during the last quarter. Parallel Advisors LLC lifted its position in Dr Pepper Snapple Group by 34.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,211 shares of the company’s stock valued at $110,000 after purchasing an additional 313 shares during the last quarter. Financial Architects Inc lifted its position in Dr Pepper Snapple Group by 4.8% in the 2nd quarter. Financial Architects Inc now owns 1,322 shares of the company’s stock valued at $121,000 after purchasing an additional 61 shares during the last quarter. Sun Life Financial INC lifted its position in Dr Pepper Snapple Group by 13,360.0% in the 2nd quarter. Sun Life Financial INC now owns 1,346 shares of the company’s stock valued at $123,000 after purchasing an additional 1,336 shares during the last quarter. Finally, Huntington National Bank lifted its position in Dr Pepper Snapple Group by 51.8% in the 2nd quarter. Huntington National Bank now owns 1,670 shares of the company’s stock valued at $152,000 after purchasing an additional 570 shares during the last quarter. Institutional investors own 90.11% of the company’s stock.

In other Dr Pepper Snapple Group news, insider Angela A. Stephens sold 3,160 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $92.51, for a total transaction of $292,331.60. Following the transaction, the insider now directly owns 16,913 shares in the company, valued at approximately $1,564,621.63. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Angela A. Stephens sold 7,700 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were 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 disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

Several equities analysts have commented on DPS shares. UBS AG raised their target price on shares of Dr Pepper Snapple Group from $98.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, July 28th. Macquarie started coverage on shares of Dr Pepper Snapple Group in a research note on Friday, September 15th. They set a “neutral” rating and a $95.00 target price on the stock. BMO Capital Markets reissued 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. Jefferies Group LLC reissued a “buy” rating and set a $112.00 target price on shares of Dr Pepper Snapple Group in a research note on Thursday, July 6th. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Dr Pepper Snapple Group has a consensus rating of “Hold” and an average target price of $99.45.

COPYRIGHT VIOLATION WARNING: This news story was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of international copyright laws. The legal version of this news story can be read at https://www.com-unik.info/2017/11/03/lindsell-train-ltd-has-230-34-million-stake-in-dr-pepper-snapple-group-inc-dps.html.

Dr Pepper Snapple Group (NYSE:DPS) last released its earnings results 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). 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 for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis.

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

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)

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