Smith Asset Management Group LP decreased its position in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) by 25.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 186,220 shares of the company’s stock after selling 65,100 shares during the period. Smith Asset Management Group LP’s holdings in Dr Pepper Snapple Group were worth $16,967,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. First Trust Advisors LP raised its stake in Dr Pepper Snapple Group by 72.6% in the second quarter. First Trust Advisors LP now owns 447,077 shares of the company’s stock worth $40,733,000 after buying an additional 187,985 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in Dr Pepper Snapple Group by 16.5% in the second quarter. Wetherby Asset Management Inc. now owns 5,376 shares of the company’s stock worth $489,000 after buying an additional 761 shares in the last quarter. Cigna Investments Inc. New purchased a new stake in Dr Pepper Snapple Group during the second quarter worth approximately $659,000. Global X Management Co. LLC raised its stake in Dr Pepper Snapple Group by 7.3% in the second quarter. Global X Management Co. LLC now owns 6,428 shares of the company’s stock worth $586,000 after buying an additional 440 shares in the last quarter. Finally, Lakeview Capital Partners LLC purchased a new stake in Dr Pepper Snapple Group during the second quarter worth approximately $236,000. 90.74% of the stock is owned by institutional investors.

Dr Pepper Snapple Group, Inc (DPS) opened at 90.38 on Friday. The firm has a market cap of $16.42 billion, a P/E ratio of 21.67 and a beta of 0.60. The company has a 50-day moving average price of $90.83 and a 200-day moving average price of $93.13. Dr Pepper Snapple Group, Inc has a 12-month low of $81.05 and a 12-month high of $99.47.

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

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

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A number of research firms have commented on DPS. BidaskClub lowered shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Jefferies Group LLC reissued a “buy” rating and issued a $112.00 price target on shares of Dr Pepper Snapple Group in a research report on Tuesday, August 1st. UBS AG increased their price target on shares of 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. Credit Suisse Group set a $107.00 price target on shares of Dr Pepper Snapple Group and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Susquehanna Bancshares Inc set a $96.00 price target on shares of Dr Pepper Snapple Group and gave the stock a “hold” rating in a research report on Thursday, July 27th. Two 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 presently has an average rating of “Hold” and a consensus target price 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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