Wetherby Asset Management Inc. increased its position in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) by 16.5% during the second quarter, Holdings Channel reports. The institutional investor owned 5,376 shares of the company’s stock after buying an additional 761 shares during the period. Wetherby Asset Management Inc.’s holdings in Dr Pepper Snapple Group were worth $489,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Huntington National Bank increased its stake in Dr Pepper Snapple Group by 5.4% in the first quarter. Huntington National Bank now owns 1,100 shares of the company’s stock worth $108,000 after buying an additional 56 shares in the last quarter. Baystate Wealth Management LLC increased its stake in Dr Pepper Snapple Group by 5.0% in the first quarter. Baystate Wealth Management LLC now owns 1,113 shares of the company’s stock worth $108,000 after buying an additional 53 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Dr Pepper Snapple Group during the first quarter worth approximately $113,000. Financial Architects Inc increased its stake in Dr Pepper Snapple Group by 4.8% in the second quarter. Financial Architects Inc now owns 1,322 shares of the company’s stock worth $121,000 after buying an additional 61 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Dr Pepper Snapple Group by 3.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,817 shares of the company’s stock worth $178,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

Dr Pepper Snapple Group, Inc (NYSE:DPS) opened at 90.38 on Friday. Dr Pepper Snapple Group, Inc has a 12-month low of $81.05 and a 12-month high of $99.47. The company’s 50 day moving average price is $90.83 and its 200-day moving average price is $93.13. The company 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 (NYSE:DPS) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by $0.03. Dr Pepper Snapple Group had a net margin of 11.73% and a return on equity of 38.28%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the firm earned $1.25 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts forecast that Dr Pepper Snapple Group, Inc will post $4.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 14th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Wednesday, September 13th. Dr Pepper Snapple Group’s payout ratio is 55.64%.

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A number of equities research analysts recently commented on the company. BidaskClub downgraded Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Jefferies Group LLC restated a “buy” rating and issued a $112.00 price target on shares of Dr Pepper Snapple Group in a report on Tuesday, August 1st. Susquehanna Bancshares Inc set a $96.00 price target on Dr Pepper Snapple Group and gave the stock a “hold” rating in a report on Thursday, July 27th. Royal Bank Of Canada restated a “hold” rating and issued a $91.00 price target on shares of Dr Pepper Snapple Group in a report on Friday, June 9th. Finally, UBS AG increased their price target on Dr Pepper Snapple Group from $98.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus 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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