State Board of Administration of Florida Retirement System increased its stake in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 294,115 shares of the company’s stock after purchasing an additional 2,630 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.16% of Dr Pepper Snapple Group worth $26,020,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Dr Pepper Snapple Group by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 18,408,234 shares of the company’s stock worth $1,677,174,000 after purchasing an additional 510,155 shares during the period. BlackRock Inc. raised its holdings in Dr Pepper Snapple Group by 4.9% during the 2nd quarter. BlackRock Inc. now owns 17,172,007 shares of the company’s stock valued at $1,564,543,000 after acquiring an additional 802,560 shares during the period. JPMorgan Chase & Co. raised its holdings in Dr Pepper Snapple Group by 0.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,399,141 shares of the company’s stock valued at $765,245,000 after acquiring an additional 75,164 shares during the period. FMR LLC raised its holdings in Dr Pepper Snapple Group by 4.7% during the 2nd quarter. FMR LLC now owns 2,984,283 shares of the company’s stock valued at $271,898,000 after acquiring an additional 134,256 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Dr Pepper Snapple Group by 0.7% during the 2nd quarter. Wells Fargo & Company MN now owns 2,259,175 shares of the company’s stock valued at $205,835,000 after acquiring an additional 15,523 shares during the period. 90.73% of the stock is currently owned by institutional investors.

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

A number of equities research analysts have issued reports on DPS shares. BMO Capital Markets reissued a “buy” rating and set a $105.00 target price on shares of Dr Pepper Snapple Group in a report on Wednesday, July 12th. Cowen and Company reissued a “hold” rating and set a $96.00 target price on shares of Dr Pepper Snapple Group in a report on Friday, July 14th. Susquehanna Bancshares Inc set a $96.00 target price on shares of Dr Pepper Snapple Group and gave the company a “hold” rating in a report on Thursday, July 27th. Credit Suisse Group set a $107.00 target price on shares of Dr Pepper Snapple Group and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, UBS AG boosted their target price on shares of Dr Pepper Snapple Group from $98.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Dr Pepper Snapple Group has an average rating of “Hold” and an average price target of $99.45.

Dr Pepper Snapple Group, Inc (NYSE DPS) opened at $84.47 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 2.07. The company has a market cap of $15,457.96, a price-to-earnings ratio of 19.46, a PEG ratio of 2.15 and a beta of 0.57. Dr Pepper Snapple Group, Inc has a 1 year low of $81.05 and a 1 year high of $99.47.

Dr Pepper Snapple Group (NYSE:DPS) last released its quarterly earnings data on Wednesday, October 25th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.06). The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.77 billion. Dr Pepper Snapple Group had a net margin of 11.06% and a return on equity of 37.53%. Dr Pepper Snapple Group’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. sell-side analysts anticipate that Dr Pepper Snapple Group, Inc will post 4.54 earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for Dr Pepper Snapple Group (NYSE:DPS)

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