Gateway Investment Advisers LLC cut its position in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 2.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 11,303 shares of the company’s stock after selling 289 shares during the period. Gateway Investment Advisers LLC’s holdings in Dr Pepper Snapple Group were worth $1,030,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of DPS. Capstone Asset Management Co. boosted its stake in shares of Dr Pepper Snapple Group by 12.5% in the first quarter. Capstone Asset Management Co. now owns 73,744 shares of the company’s stock worth $7,221,000 after buying an additional 8,178 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Dr Pepper Snapple Group by 43.4% in the first quarter. Bank of Montreal Can now owns 2,679,499 shares of the company’s stock worth $262,375,000 after buying an additional 810,357 shares during the last quarter. National Pension Service boosted its stake in shares of Dr Pepper Snapple Group by 3.3% in the first quarter. National Pension Service now owns 150,332 shares of the company’s stock worth $14,633,000 after buying an additional 4,750 shares during the last quarter. Gulf International Bank UK Ltd raised its position in Dr Pepper Snapple Group by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 58,792 shares of the company’s stock worth $5,756,000 after buying an additional 600 shares during the period. Finally, Charter Trust Co. raised its position in Dr Pepper Snapple Group by 7.3% in the first quarter. Charter Trust Co. now owns 5,751 shares of the company’s stock worth $563,000 after buying an additional 392 shares during the period. 89.64% of the stock is currently owned by institutional investors.
Shares of Dr Pepper Snapple Group, Inc (DPS) traded up 0.48% during midday trading on Tuesday, reaching $91.60. 140,920 shares of the company’s stock were exchanged. Dr Pepper Snapple Group, Inc has a 12-month low of $81.05 and a 12-month high of $99.47. The stock’s 50 day moving average price is $91.69 and its 200 day moving average price is $93.18. The company has a market cap of $16.65 billion, a price-to-earnings ratio of 21.97 and a beta of 0.61.
Dr Pepper Snapple Group (NYSE:DPS) last issued its earnings results on Thursday, July 27th. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by $0.03. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Dr Pepper Snapple Group had a return on equity of 38.28% and a net margin of 11.73%. Dr Pepper Snapple Group’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 earnings per share. Equities analysts anticipate that Dr Pepper Snapple Group, Inc will post $4.65 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Wednesday, June 14th were given a dividend of $0.58 per share. The ex-dividend date was Monday, June 12th. This represents a $2.32 annualized dividend and a dividend yield of 2.54%. Dr Pepper Snapple Group’s payout ratio is currently 55.64%.
DPS has been the subject of a number of recent analyst reports. Cowen and Company restated a “hold” rating and set a $96.00 price target on shares of Dr Pepper Snapple Group in a research report on Friday, July 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $116.00 target price (up from $115.00) on shares of Dr Pepper Snapple Group in a research report on Tuesday, April 18th. UBS AG upped their target price 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. Credit Suisse Group reiterated a “buy” rating on shares of Dr Pepper Snapple Group in a research report on Friday, June 23rd. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $91.00 target price on shares of Dr Pepper Snapple Group in a research report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $99.64.
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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