Dr Pepper Snapple Group Inc. (DPS) Shares Bought by LS Investment Advisors LLC
LS Investment Advisors LLC boosted its position in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 4.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,242 shares of the company’s stock after buying an additional 812 shares during the period. LS Investment Advisors LLC’s holdings in Dr Pepper Snapple Group were worth $1,868,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of DPS. American Century Companies Inc. bought a new stake in Dr Pepper Snapple Group in the 4th quarter valued at about $126,680,000. Janus Henderson Group PLC increased its position in Dr Pepper Snapple Group by 79.7% in the 3rd quarter. Janus Henderson Group PLC now owns 1,732,948 shares of the company’s stock valued at $153,314,000 after buying an additional 768,412 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in Dr Pepper Snapple Group in the 2nd quarter valued at about $62,000,000. Robeco Institutional Asset Management B.V. bought a new stake in Dr Pepper Snapple Group during the 3rd quarter worth approximately $43,792,000. Finally, Troy Asset Management Ltd increased its holdings in Dr Pepper Snapple Group by 31.2% during the 3rd quarter. Troy Asset Management Ltd now owns 1,514,100 shares of the company’s stock worth $133,952,000 after purchasing an additional 360,100 shares in the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on DPS shares. BMO Capital Markets reissued a “buy” rating and set a $105.00 price objective on shares of Dr Pepper Snapple Group in a report on Friday, October 27th. Royal Bank of Canada reissued a “hold” rating and set a $91.00 price objective on shares of Dr Pepper Snapple Group in a report on Wednesday, October 25th. Susquehanna Bancshares set a $89.00 price objective on Dr Pepper Snapple Group and gave the stock a “hold” rating in a report on Wednesday, October 25th. Wells Fargo & Co boosted their price objective on Dr Pepper Snapple Group from $98.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. Finally, Morgan Stanley decreased their price objective on Dr Pepper Snapple Group from $104.00 to $96.00 and set an “overweight” rating for the company in a report on Thursday, October 26th. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $115.64.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Wednesday, March 21st will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Tuesday, March 20th. Dr Pepper Snapple Group’s dividend payout ratio is presently 58.15%.
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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.
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