Korea Investment CORP cut its stake in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) by 25.3% during the second quarter, Holdings Channel reports. The fund owned 94,107 shares of the company’s stock after selling 31,804 shares during the period. Korea Investment CORP’s holdings in Dr Pepper Snapple Group were worth $8,574,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DPS. Macquarie Group Ltd. boosted its stake in shares of 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. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Dr Pepper Snapple Group by 2.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 159,484 shares of the company’s stock worth $15,616,000 after buying an additional 3,281 shares during the period. CENTRAL TRUST Co boosted its stake in shares of Dr Pepper Snapple Group by 1.7% in the first quarter. CENTRAL TRUST Co now owns 3,700 shares of the company’s stock worth $362,000 after buying an additional 63 shares during the period. Raymond James Trust N.A. boosted its stake in shares of Dr Pepper Snapple Group by 1.0% in the first quarter. Raymond James Trust N.A. now owns 5,638 shares of the company’s stock worth $552,000 after buying an additional 55 shares during the period. Finally, Gulf International Bank UK Ltd boosted its stake in shares of 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. 90.74% of the stock is owned by hedge funds and other institutional investors.

Dr Pepper Snapple Group, Inc (DPS) opened at 90.32 on Thursday. Dr Pepper Snapple Group, Inc has a 12 month low of $81.05 and a 12 month high of $99.47. The company has a 50 day moving average price of $91.04 and a 200 day moving average price of $93.16. The stock has a market capitalization of $16.41 billion, a price-to-earnings ratio of 21.66 and a beta of 0.60.

Dr Pepper Snapple Group (NYSE:DPS) last issued its quarterly earnings data on Thursday, July 27th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.28 by $0.03. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.77 billion. Dr Pepper Snapple Group had a return on equity of 38.28% and a net margin of 11.73%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 earnings per share. Equities research analysts predict that Dr Pepper Snapple Group, Inc will post $4.63 earnings per share for the current year.

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A number of equities research analysts have commented on the company. Jefferies Group LLC reiterated a “buy” rating and set a $112.00 target price on shares of Dr Pepper Snapple Group in a report on Thursday, July 6th. Susquehanna Bancshares Inc set a $96.00 target price on Dr Pepper Snapple Group and gave the company a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a report on Tuesday, June 27th. Royal Bank Of Canada reiterated a “hold” rating and set a $91.00 target price on shares of Dr Pepper Snapple Group in a report on Friday, June 9th. Finally, Barclays PLC reiterated a “hold” rating and set a $99.00 target price on shares of Dr Pepper Snapple Group in a report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target 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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