NGAM Advisors L.P. decreased its stake in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 20.4% during the second quarter, Holdings Channel reports. The fund owned 24,886 shares of the company’s stock after selling 6,369 shares during the period. NGAM Advisors L.P.’s holdings in Dr Pepper Snapple Group were worth $2,267,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank boosted 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 valued at $108,000 after buying an additional 56 shares during the last quarter. Baystate Wealth Management LLC boosted 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 valued at $108,000 after buying an additional 53 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Dr Pepper Snapple Group during the first quarter valued at $113,000. Financial Architects Inc boosted 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 valued at $121,000 after buying an additional 61 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted 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 valued at $178,000 after buying an additional 57 shares during the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

Dr Pepper Snapple Group, Inc (NYSE DPS) opened at 90.38 on Friday. Dr Pepper Snapple Group, Inc has a 1-year low of $81.05 and a 1-year high of $99.47. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 21.67 and a beta of 0.60. The firm’s 50-day moving average price is $90.83 and its 200-day moving average price is $93.13.

Dr Pepper Snapple Group (NYSE:DPS) last posted its earnings results on Thursday, July 27th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by $0.03. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations 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 was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. Equities research analysts forecast that Dr Pepper Snapple Group, Inc will post $4.63 EPS for the current fiscal year.

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

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Several analysts recently weighed in on the company. Jefferies Group LLC reissued a “buy” rating and set a $112.00 price target on shares of Dr Pepper Snapple Group in a report on Thursday, July 6th. 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. Zacks Investment Research raised Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a report on Tuesday, June 27th. Royal Bank Of Canada reissued a “hold” rating and set a $91.00 price target on shares of Dr Pepper Snapple Group in a report on Friday, June 9th. Finally, Barclays PLC reissued a “hold” rating and set a $99.00 price target on shares of Dr Pepper Snapple Group in a report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus 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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