ING Groep NV acquired a new stake in Dr Pepper Snapple Group, Inc (NYSE:DPS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,133 shares of the company’s stock, valued at approximately $1,105,000.
A number of other large investors also recently added to or reduced their stakes in DPS. Fundsmith LLP raised its stake in Dr Pepper Snapple Group by 0.5% in the first quarter. Fundsmith LLP now owns 5,329,086 shares of the company’s stock valued at $521,824,000 after buying an additional 24,232 shares in the last quarter. Pictet Asset Management Ltd. raised its stake in Dr Pepper Snapple Group by 15.3% in the first quarter. Pictet Asset Management Ltd. now owns 241,603 shares of the company’s stock valued at $23,658,000 after buying an additional 32,008 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Dr Pepper Snapple Group by 46.4% in the first quarter. Canada Pension Plan Investment Board now owns 523,028 shares of the company’s stock valued at $51,215,000 after buying an additional 165,781 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in Dr Pepper Snapple Group by 13.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 19,135 shares of the company’s stock valued at $1,874,000 after buying an additional 2,294 shares in the last quarter. Finally, TIAA CREF Trust Co. FSB MO raised its stake in Dr Pepper Snapple Group by 16.9% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 14,133 shares of the company’s stock valued at $1,384,000 after buying an additional 2,042 shares in the last quarter. Institutional investors and hedge funds own 89.64% of the company’s stock.
Shares of Dr Pepper Snapple Group, Inc (NYSE DPS) traded up 0.25% during mid-day trading on Tuesday, reaching $91.39. The company’s stock had a trading volume of 319,129 shares. Dr Pepper Snapple Group, Inc has a 1-year low of $81.05 and a 1-year high of $99.47. The firm has a market capitalization of $16.61 billion, a P/E ratio of 21.92 and a beta of 0.61. The company’s 50-day moving average is $91.69 and its 200 day moving average is $93.18.
Dr Pepper Snapple Group (NYSE:DPS) last released its quarterly earnings results on Thursday, July 27th. The company reported $1.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.28 by $0.03. Dr Pepper Snapple Group had a return on equity of 38.28% and a net margin of 11.73%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the firm earned $1.25 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. On average, analysts expect that Dr Pepper Snapple Group, Inc will post $4.65 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Wednesday, June 14th were paid a $0.58 dividend. The ex-dividend date of this dividend was Monday, June 12th. This represents a $2.32 annualized dividend and a yield of 2.54%. Dr Pepper Snapple Group’s payout ratio is currently 55.64%.
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DPS has been the topic of several recent research reports. Credit Suisse Group restated a “buy” rating on shares of Dr Pepper Snapple Group in a research report on Friday, June 23rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $115.00 target price on shares of Dr Pepper Snapple Group in a research note on Wednesday, April 5th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $91.00 target price on shares of Dr Pepper Snapple Group in a research note on Friday, May 5th. Cowen and Company reaffirmed a “hold” rating and set a $96.00 target price on shares of Dr Pepper Snapple Group in a research note on Friday, July 14th. Finally, Barclays PLC reaffirmed a “hold” rating and set a $99.00 target price on shares of Dr Pepper Snapple Group in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Dr Pepper Snapple Group 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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