PHH Investments Ltd. cut its stake in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) by 2.2% during the second quarter, Holdings Channel reports. The firm owned 10,815 shares of the company’s stock after selling 240 shares during the period. PHH Investments Ltd.’s holdings in Dr Pepper Snapple Group were worth $985,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of DPS. 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 valued at $8,692,000 after buying an additional 7,496 shares during the period. National Pension Service increased 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 valued at $14,633,000 after buying an additional 4,750 shares in the last quarter. BLB&B Advisors LLC bought a new position in Dr Pepper Snapple Group during the first quarter valued at about $215,000. Howe & Rusling Inc. increased 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 valued at $6,823,000 after buying an additional 4,442 shares in the last quarter. Finally, DnB Asset Management AS increased its position in Dr Pepper Snapple Group by 23.0% in the first quarter. DnB Asset Management AS now owns 27,847 shares of the company’s stock valued at $2,727,000 after buying an additional 5,200 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) opened at 91.97 on Wednesday. The stock has a 50 day moving average of $90.76 and a 200 day moving average of $93.18. The company has a market cap of $16.71 billion, a P/E ratio of 22.06 and a beta of 0.60. Dr Pepper Snapple Group, Inc has a 52-week low of $81.05 and a 52-week high of $99.47.

Dr Pepper Snapple Group (NYSE:DPS) last released its earnings results on Thursday, July 27th. The company reported $1.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by $0.03. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 earnings per share. On average, equities analysts anticipate that Dr Pepper Snapple Group, Inc will post $4.63 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 14th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Wednesday, September 13th. Dr Pepper Snapple Group’s dividend payout ratio is 55.64%.

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DPS has been the subject of several research analyst reports. Cowen and Company restated a “hold” rating and issued a $96.00 price objective on shares of Dr Pepper Snapple Group in a research note on Friday, July 14th. BidaskClub cut shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Jefferies Group LLC reissued a “buy” rating and set a $116.00 price target (up from $115.00) on shares of Dr Pepper Snapple Group in a report on Tuesday, April 18th. UBS AG increased 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 report on Friday, July 28th. Finally, Credit Suisse Group reaffirmed a “buy” rating on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $99.64.

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.

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

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