American National Insurance Co. TX held its position in Dr Pepper Snapple Group, Inc (NYSE:DPS) during the second quarter, Holdings Channel reports. The firm owned 5,520 shares of the company’s stock at the end of the second quarter. American National Insurance Co. TX’s holdings in Dr Pepper Snapple Group were worth $503,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Huntington National Bank raised its position 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 raised its position 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. acquired a new position in Dr Pepper Snapple Group during the first quarter valued at $113,000. Benjamin F. Edwards & Company Inc. raised its position 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. Finally, Checchi Capital Advisers LLC acquired a new position in Dr Pepper Snapple Group during the first quarter valued at $204,000. Institutional investors and hedge funds own 90.04% of the company’s stock.
Shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) opened at 91.38 on Friday. Dr Pepper Snapple Group, Inc has a 52-week low of $81.05 and a 52-week high of $99.47. The stock has a 50 day moving average of $91.89 and a 200 day moving average of $93.11. The company has a market cap of $16.80 billion, a P/E ratio of 20.11 and a beta of 0.60.
Dr Pepper Snapple Group (NYSE:DPS) last posted its quarterly earnings data on Wednesday, April 26th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.05. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.55 billion. Dr Pepper Snapple Group had a net margin of 13.03% and a return on equity of 38.52%. Dr Pepper Snapple Group’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. On average, equities analysts anticipate that Dr Pepper Snapple Group, Inc will post $4.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Wednesday, June 14th were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Monday, June 12th. Dr Pepper Snapple Group’s dividend payout ratio is currently 51.10%.
ILLEGAL ACTIVITY NOTICE: “American National Insurance Co. TX Has $503,000 Stake in Dr Pepper Snapple Group, Inc (DPS)” was published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://stocknewstimes.com/2017/07/23/american-national-insurance-co-tx-has-503000-stake-in-dr-pepper-snapple-group-inc-dps.html.
Several equities analysts recently weighed in on DPS shares. Jefferies Group LLC restated a “buy” rating and set a $112.00 target price on shares of Dr Pepper Snapple Group in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a report on Tuesday, June 27th. Credit Suisse Group restated a “buy” rating on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. BMO Capital Markets restated a “buy” rating and set a $105.00 target price on shares of Dr Pepper Snapple Group in a report on Wednesday, July 12th. Finally, Susquehanna Bancshares Inc set a $92.00 target price on shares of Dr Pepper Snapple Group and gave the company a “hold” rating in a report on Saturday, May 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. Dr Pepper Snapple Group presently has a consensus rating of “Hold” and a consensus target price of $98.29.
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.
Want to see what other hedge funds are holding DPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dr Pepper Snapple Group, Inc (NYSE:DPS).
Receive News & Ratings for Dr Pepper Snapple Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dr Pepper Snapple Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.
