Cadence Capital Management LLC Has $2.54 Million Position in Dr Pepper Snapple Group Inc. (DPS)

Cadence Capital Management LLC lessened its position in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 10.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 26,115 shares of the company’s stock after selling 3,014 shares during the quarter. Cadence Capital Management LLC’s holdings in Dr Pepper Snapple Group were worth $2,535,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in DPS. Suntrust Banks Inc. increased its holdings in shares of Dr Pepper Snapple Group by 21.4% in the 2nd quarter. Suntrust Banks Inc. now owns 4,137 shares of the company’s stock worth $375,000 after acquiring an additional 730 shares during the period. Virtu KCG Holdings LLC acquired a new stake in shares of Dr Pepper Snapple Group in the 2nd quarter worth about $251,000. Dimensional Fund Advisors LP increased its holdings in shares of Dr Pepper Snapple Group by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 745,148 shares of the company’s stock worth $67,890,000 after acquiring an additional 40,905 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Dr Pepper Snapple Group by 684.7% in the 2nd quarter. Janus Henderson Group PLC now owns 964,536 shares of the company’s stock worth $87,880,000 after acquiring an additional 841,626 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Dr Pepper Snapple Group in the 2nd quarter worth about $1,626,000. 89.95% of the stock is currently owned by institutional investors and hedge funds.

DPS has been the topic of a number of analyst reports. Barclays raised shares of Dr Pepper Snapple Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $88.00 to $130.00 in a report on Tuesday. Cowen reaffirmed a “hold” rating and issued a $128.00 price objective on shares of Dr Pepper Snapple Group in a report on Tuesday, January 30th. Stifel Nicolaus dropped their price objective on shares of Dr Pepper Snapple Group from $114.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Deutsche Bank cut shares of Dr Pepper Snapple Group from a “buy” rating to a “hold” rating and increased their price objective for the stock from $114.00 to $123.00 in a report on Monday, January 29th. Finally, Morgan Stanley cut shares of Dr Pepper Snapple Group to an “equal weight” rating in a report on Wednesday, January 31st. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Dr Pepper Snapple Group presently has a consensus rating of “Hold” and an average target price of $112.79.

Dr Pepper Snapple Group Inc. (NYSE:DPS) opened at $118.00 on Thursday. The stock has a market cap of $21,300.00, a PE ratio of 29.57, a P/E/G ratio of 2.19 and a beta of 0.79. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.93 and a quick ratio of 0.74. Dr Pepper Snapple Group Inc. has a 12-month low of $83.23 and a 12-month high of $126.65.

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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)

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