Franklin Resources Inc. purchased a new position in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,189 shares of the company’s stock, valued at approximately $655,000.

A number of other hedge funds have also recently modified their holdings of the business. Private Bank & Trust Co. lifted its stake in shares of Dr Pepper Snapple Group by 1.0% in the second quarter. Private Bank & Trust Co. now owns 3,184 shares of the company’s stock worth $290,000 after acquiring an additional 30 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in Dr Pepper Snapple Group by 1.3% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,685 shares of the company’s stock valued at $263,000 after purchasing an additional 35 shares in the last quarter. Cleararc Capital Inc. increased its holdings in Dr Pepper Snapple Group by 1.0% during the 1st quarter. Cleararc Capital Inc. now owns 4,495 shares of the company’s stock worth $440,000 after purchasing an additional 46 shares during the last quarter. Greenwood Capital Associates LLC increased its holdings in Dr Pepper Snapple Group by 1.4% during the 2nd quarter. Greenwood Capital Associates LLC now owns 3,534 shares of the company’s stock worth $322,000 after purchasing an additional 49 shares during the last quarter. Finally, Hendley & Co. Inc. increased its holdings in Dr Pepper Snapple Group by 0.3% during the 1st quarter. Hendley & Co. Inc. now owns 16,800 shares of the company’s stock worth $1,645,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

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In other news, insider Angela A. Stephens sold 7,700 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $91.12, for a total transaction of $701,624.00. Following the completion of the transaction, the insider now directly owns 6,053 shares in the company, valued at approximately $551,549.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Angela A. Stephens sold 3,160 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $92.51, for a total value of $292,331.60. Following the completion of the sale, the insider now directly owns 16,913 shares of the company’s stock, valued at $1,564,621.63. The disclosure for this sale can be found here. 0.58% of the stock is owned by company insiders.

Shares of Dr Pepper Snapple Group, Inc (DPS) opened at 87.67 on Tuesday. The stock’s 50 day moving average price is $90.76 and its 200 day moving average price is $92.49. Dr Pepper Snapple Group, Inc has a one year low of $81.05 and a one year high of $99.47. The stock has a market capitalization of $15.93 billion, a P/E ratio of 21.02 and a beta of 0.61.

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 the Thomson Reuters’ consensus estimate 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 quarter in the prior year, the company earned $1.25 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts forecast that Dr Pepper Snapple Group, Inc will post $4.60 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 14th will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $2.32 annualized dividend and a dividend yield of 2.65%. Dr Pepper Snapple Group’s dividend payout ratio is currently 55.64%.

DPS has been the subject of a number of research analyst reports. Cowen and Company restated a “hold” rating and issued a $96.00 price target 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 research report on Saturday, August 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $112.00 price target on shares of Dr Pepper Snapple Group in a research note on Tuesday, August 1st. UBS AG lifted their target price on Dr Pepper Snapple Group from $98.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, July 28th. Finally, Credit Suisse Group restated a “buy” rating on shares of Dr Pepper Snapple Group in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $99.25.

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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