Westpac Banking Corp lessened its holdings in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 22.0% during the fourth quarter, HoldingsChannel reports. The firm owned 86,770 shares of the company’s stock after selling 24,512 shares during the period. Westpac Banking Corp’s holdings in Dr Pepper Snapple Group were worth $8,422,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Advisor Group Inc. lifted its position in shares of Dr Pepper Snapple Group by 0.7% in the second quarter. Advisor Group Inc. now owns 9,461 shares of the company’s stock worth $853,000 after purchasing an additional 68 shares in the last quarter. Schafer Cullen Capital Management Inc. lifted its position in shares of Dr Pepper Snapple Group by 0.7% in the second quarter. Schafer Cullen Capital Management Inc. now owns 19,835 shares of the company’s stock worth $1,807,000 after purchasing an additional 130 shares in the last quarter. Sentry Investment Management LLC lifted its position in shares of Dr Pepper Snapple Group by 1.1% in the second quarter. Sentry Investment Management LLC now owns 14,326 shares of the company’s stock worth $1,305,000 after purchasing an additional 151 shares in the last quarter. Gyroscope Capital Management Group LLC lifted its position in shares of Dr Pepper Snapple Group by 9.5% in the second quarter. Gyroscope Capital Management Group LLC now owns 2,979 shares of the company’s stock worth $271,000 after purchasing an additional 258 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Dr Pepper Snapple Group by 9.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 6,672 shares of the company’s stock worth $648,000 after purchasing an additional 589 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on DPS. Credit Suisse Group reissued an “outperform” rating and issued a $128.00 price objective (up previously from $107.00) on shares of Dr Pepper Snapple Group in a research report on Wednesday, January 10th. Zacks Investment Research raised shares of Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. BMO Capital Markets reissued a “buy” rating and issued a $105.00 price objective on shares of Dr Pepper Snapple Group in a research report on Friday, October 27th. Susquehanna Bancshares set a $89.00 price objective on shares of Dr Pepper Snapple Group and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, Jefferies Group cut their price objective on shares of Dr Pepper Snapple Group from $112.00 to $111.00 and set a “buy” rating on the stock in a research report on Friday, October 13th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Dr Pepper Snapple Group currently has an average rating of “Hold” and a consensus price target of $102.38.

Dr Pepper Snapple Group Inc. (NYSE:DPS) opened at $96.35 on Friday. The firm has a market cap of $17,209.22, a price-to-earnings ratio of 24.15, a P/E/G ratio of 2.04 and a beta of 0.59. Dr Pepper Snapple Group Inc. has a fifty-two week low of $83.23 and a fifty-two week high of $99.47. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 2.07.

Dr Pepper Snapple Group (NYSE:DPS) last issued its earnings results on Wednesday, October 25th. The company reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.06). The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.77 billion. Dr Pepper Snapple Group had a return on equity of 37.53% and a net margin of 11.06%. Dr Pepper Snapple Group’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. analysts anticipate that Dr Pepper Snapple Group Inc. will post 4.53 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 14th were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $2.32 dividend on an annualized basis and a yield of 2.41%. Dr Pepper Snapple Group’s payout ratio is 58.15%.

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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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