Canada Pension Plan Investment Board decreased its position in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) by 20.5% during the second quarter, Holdings Channel reports. The firm owned 415,828 shares of the company’s stock after selling 107,200 shares during the period. Canada Pension Plan Investment Board’s holdings in Dr Pepper Snapple Group were worth $37,886,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Macquarie Group Ltd. raised its position in Dr Pepper Snapple Group by 8.5% in the fourth quarter. Macquarie Group Ltd. now owns 95,861 shares of the company’s stock worth $8,692,000 after buying an additional 7,496 shares during the period. Gulf International Bank UK Ltd raised its position in Dr Pepper Snapple Group by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 58,792 shares of the company’s stock worth $5,756,000 after buying an additional 600 shares during the period. National Pension Service raised its position in Dr Pepper Snapple Group by 3.3% in the first quarter. National Pension Service now owns 150,332 shares of the company’s stock worth $14,633,000 after buying an additional 4,750 shares during the period. BLB&B Advisors LLC bought a new position in Dr Pepper Snapple Group during the first quarter worth $215,000. Finally, Howe & Rusling Inc. raised its position in Dr Pepper Snapple Group by 6.8% in the first quarter. Howe & Rusling Inc. now owns 69,678 shares of the company’s stock worth $6,823,000 after buying an additional 4,442 shares during the period. 90.74% of the stock is owned by institutional investors.

Dr Pepper Snapple Group, Inc (DPS) opened at 90.38 on Friday. The stock has a market capitalization of $16.42 billion, a P/E ratio of 21.67 and a beta of 0.60. Dr Pepper Snapple Group, Inc has a 1-year low of $81.05 and a 1-year high of $99.47. The stock has a 50 day moving average price of $90.83 and a 200-day moving average price of $93.13.

Dr Pepper Snapple Group (NYSE:DPS) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by $0.03. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Dr Pepper Snapple Group had a net margin of 11.73% and a return on equity of 38.28%. Dr Pepper Snapple Group’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $1.25 earnings per share. Equities research analysts expect that Dr Pepper Snapple Group, Inc will post $4.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 14th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Wednesday, September 13th. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is presently 55.64%.

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A number of research analysts recently weighed in on DPS shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $116.00 price objective (up previously from $115.00) on shares of Dr Pepper Snapple Group in a research report on Tuesday, April 18th. Barclays PLC reaffirmed a “hold” rating and set a $99.00 price objective on shares of Dr Pepper Snapple Group in a research report on Friday, April 28th. Royal Bank Of Canada reiterated a “hold” rating and set a $91.00 target price on shares of Dr Pepper Snapple Group in a research note on Friday, May 5th. Morgan Stanley upgraded Dr Pepper Snapple Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 16th. Finally, Susquehanna Bancshares Inc set a $92.00 target price on Dr Pepper Snapple Group and gave the company a “hold” rating in a research note on Saturday, May 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $99.64.

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.

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

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