Dr Pepper Snapple Group, Inc (DPS) Stake Boosted by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC increased its position in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,110 shares of the company’s stock after buying an additional 30 shares during the period. Dr Pepper Snapple Group accounts for approximately 1.4% of LaFleur & Godfrey LLC’s portfolio, making the stock its 28th largest position. LaFleur & Godfrey LLC’s holdings in Dr Pepper Snapple Group were worth $5,386,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers increased its position in Dr Pepper Snapple Group by 1.8% in the second quarter. Rhumbline Advisers now owns 406,372 shares of the company’s stock worth $37,025,000 after buying an additional 7,049 shares in the last quarter. First Trust Advisors LP increased its position in Dr Pepper Snapple Group by 72.6% in the second quarter. First Trust Advisors LP now owns 447,077 shares of the company’s stock worth $40,733,000 after buying an additional 187,985 shares in the last quarter. Wetherby Asset Management Inc. increased its position in Dr Pepper Snapple Group by 16.5% in the second quarter. Wetherby Asset Management Inc. now owns 5,376 shares of the company’s stock worth $489,000 after buying an additional 761 shares in the last quarter. Cigna Investments Inc. New bought a new position in Dr Pepper Snapple Group during the second quarter worth $659,000. Finally, Global X Management Co. LLC increased its position in Dr Pepper Snapple Group by 7.3% in the second quarter. Global X Management Co. LLC now owns 6,428 shares of the company’s stock worth $586,000 after buying an additional 440 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors.

Dr Pepper Snapple Group, Inc (NYSE:DPS) opened at 90.38 on Friday. The stock has a market cap of $16.42 billion, a P/E ratio of 21.67 and a beta of 0.60. The stock has a 50 day moving average of $90.83 and a 200-day moving average of $93.13. Dr Pepper Snapple Group, Inc has a 52 week low of $81.05 and a 52 week high of $99.47.

Dr Pepper Snapple Group (NYSE:DPS) last issued its quarterly earnings data 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 firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. Dr Pepper Snapple Group’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts forecast that Dr Pepper Snapple Group, Inc will post $4.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 14th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Wednesday, September 13th. Dr Pepper Snapple Group’s payout ratio is 55.64%.

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A number of research firms have weighed in on DPS. BidaskClub downgraded shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Jefferies Group LLC reaffirmed a “buy” rating and set a $112.00 price target on shares of Dr Pepper Snapple Group in a research note on Tuesday, August 1st. UBS AG increased their price target on shares of Dr Pepper Snapple Group from $98.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, July 28th. Credit Suisse Group set a $107.00 price target on shares of Dr Pepper Snapple Group and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Susquehanna Bancshares Inc set a $96.00 price target on shares of Dr Pepper Snapple Group and gave the stock a “hold” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price 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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Institutional Ownership by Quarter for Dr Pepper Snapple Group (NYSE:DPS)

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