CIBC Asset Management Inc Trims Stake in Dr Pepper Snapple Group Inc. (DPS)

CIBC Asset Management Inc cut its stake in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,019 shares of the company’s stock after selling 1,262 shares during the quarter. CIBC Asset Management Inc’s holdings in Dr Pepper Snapple Group were worth $2,137,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DPS. Suntrust Banks Inc. boosted its stake in shares of Dr Pepper Snapple Group by 21.4% during 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 in the last quarter. Virtu KCG Holdings LLC bought a new stake in shares of Dr Pepper Snapple Group during the 2nd quarter worth $251,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Dr Pepper Snapple Group by 6.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 14,785 shares of the company’s stock worth $1,347,000 after acquiring an additional 904 shares in the last quarter. Bank of Nova Scotia boosted its position in shares of Dr Pepper Snapple Group by 691.5% in the second quarter. Bank of Nova Scotia now owns 41,791 shares of the company’s stock worth $3,808,000 after buying an additional 36,511 shares during the period. Finally, Americafirst Capital Management LLC acquired a new stake in shares of Dr Pepper Snapple Group in the second quarter worth $1,020,000. 89.95% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently commented on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $124.00 target price (up previously from $92.00) on shares of Dr Pepper Snapple Group in a research report on Tuesday, January 30th. Wells Fargo & Co cut Dr Pepper Snapple Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 30th. Stifel Nicolaus raised their target price on Dr Pepper Snapple Group from $123.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. BMO Capital Markets cut Dr Pepper Snapple Group from an “outperform” rating to a “market perform” rating and set a $125.00 target price for the company. in a research report on Thursday, February 1st. Finally, Gabelli raised Dr Pepper Snapple Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 1st. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $112.79.

Shares of Dr Pepper Snapple Group Inc. (DPS) opened at $116.71 on Friday. The stock has a market capitalization of $21,070.00, a price-to-earnings ratio of 29.25, a P/E/G ratio of 2.18 and a beta of 0.79. Dr Pepper Snapple Group Inc. has a 12-month low of $83.23 and a 12-month high of $126.65. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 2.07.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Wednesday, March 21st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.32 dividend on an annualized basis and a yield of 1.99%. Dr Pepper Snapple Group’s payout ratio is 58.15%.

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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.

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Institutional Ownership by Quarter for Dr Pepper Snapple Group (NYSE:DPS)

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