LS Investment Advisors LLC boosted its position in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 7.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,020 shares of the company’s stock after buying an additional 1,379 shares during the period. LS Investment Advisors LLC’s holdings in Dr Pepper Snapple Group were worth $1,733,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the company. BerganKDV Wealth Management LLC increased its stake in shares of Dr Pepper Snapple Group by 5.0% in the second quarter. BerganKDV Wealth Management LLC now owns 7,467 shares of the company’s stock worth $680,000 after buying an additional 358 shares during the period. Ardevora Asset Management LLP increased its stake in shares of Dr Pepper Snapple Group by 19.6% in the second quarter. Ardevora Asset Management LLP now owns 375,600 shares of the company’s stock worth $34,221,000 after buying an additional 61,500 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Dr Pepper Snapple Group by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 43,537 shares of the company’s stock worth $3,967,000 after buying an additional 600 shares during the period. Winslow Evans & Crocker Inc. increased its position in Dr Pepper Snapple Group by 10.2% in the second quarter. Winslow Evans & Crocker Inc. now owns 19,396 shares of the company’s stock valued at $1,773,000 after buying an additional 1,800 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in Dr Pepper Snapple Group by 301.4% in the second quarter. CENTRAL TRUST Co now owns 14,853 shares of the company’s stock valued at $1,353,000 after buying an additional 11,153 shares during the last quarter. 89.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Dr Pepper Snapple Group, Inc (DPS) opened at 90.66 on Friday. The firm has a market capitalization of $16.48 billion, a PE ratio of 21.74 and a beta of 0.60. Dr Pepper Snapple Group, Inc has a 52-week low of $81.05 and a 52-week high of $99.47. The company’s 50-day moving average is $91.64 and its 200 day moving average is $93.19.
Dr Pepper Snapple Group (NYSE:DPS) last released its earnings results on Thursday, July 27th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.28 by $0.03. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Dr Pepper Snapple Group had a net margin of 11.73% and a return on equity of 38.28%. Dr Pepper Snapple Group’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $1.25 earnings per share. Equities analysts expect that Dr Pepper Snapple Group, Inc will post $4.63 earnings per share for the current fiscal year.
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Several research firms have issued reports on DPS. Jefferies Group LLC reaffirmed a “buy” rating and set a $112.00 price objective on shares of Dr Pepper Snapple Group in a report on Thursday, July 6th. 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 research report on Thursday, July 27th. 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 for the company in a research report on Tuesday, June 27th. 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, June 9th. Finally, Barclays PLC reiterated a “hold” rating and issued a $99.00 target price on shares of Dr Pepper Snapple Group in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Dr Pepper Snapple Group currently has a consensus rating of “Hold” and an average 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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