Teacher Retirement System of Texas Decreases Position in Dr Pepper Snapple Group Inc. (DPS)

Teacher Retirement System of Texas cut its position in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 92.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,524 shares of the company’s stock after selling 348,489 shares during the quarter. Teacher Retirement System of Texas’ holdings in Dr Pepper Snapple Group were worth $2,347,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Paloma Partners Management Co raised its stake in shares of Dr Pepper Snapple Group by 103.5% during the 1st quarter. Paloma Partners Management Co now owns 2,138 shares of the company’s stock worth $209,000 after buying an additional 63,538 shares in the last quarter. Creative Planning raised its stake in shares of Dr Pepper Snapple Group by 6.4% during the 2nd quarter. Creative Planning now owns 3,315 shares of the company’s stock worth $302,000 after buying an additional 200 shares in the last quarter. OLD National Bancorp IN purchased a new position in Dr Pepper Snapple Group in the 2nd quarter valued at approximately $236,000. Nisa Investment Advisors LLC increased its stake in Dr Pepper Snapple Group by 13.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 35,311 shares of the company’s stock valued at $3,232,000 after purchasing an additional 4,090 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Dr Pepper Snapple Group by 0.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,400 shares of the company’s stock valued at $1,039,000 after purchasing an additional 100 shares in the last quarter. 91.12% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on DPS shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Dr Pepper Snapple Group in a research note on Friday, October 27th. Jefferies Group dropped their price objective on Dr Pepper Snapple Group from $112.00 to $111.00 and set a “buy” rating for the company in a research note on Friday, October 13th. Stifel Nicolaus lowered their target price on Dr Pepper Snapple Group from $114.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Royal Bank Of Canada reiterated a “hold” rating and set a $91.00 target price on shares of Dr Pepper Snapple Group in a report on Wednesday, October 25th. Finally, Susquehanna Bancshares set a $89.00 target price on Dr Pepper Snapple Group and gave the company a “hold” rating in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Dr Pepper Snapple Group presently has a consensus rating of “Hold” and an average price target of $99.45.

Dr Pepper Snapple Group Inc. (DPS) traded up $1.45 during trading hours on Wednesday, reaching $94.95. The company’s stock had a trading volume of 1,499,596 shares, compared to its average volume of 1,188,649. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 2.07. Dr Pepper Snapple Group Inc. has a one year low of $83.23 and a one year high of $99.47. The stock has a market capitalization of $16,808.41, a price-to-earnings ratio of 21.16, a PEG ratio of 2.34 and a beta of 0.59.

Dr Pepper Snapple Group (NYSE:DPS) last released its quarterly earnings data on Wednesday, October 25th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.06). Dr Pepper Snapple Group had a net margin of 11.06% and a return on equity of 37.53%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the business earned $1.17 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. research analysts predict that Dr Pepper Snapple Group Inc. will post 4.54 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 14th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Wednesday, December 13th. Dr Pepper Snapple Group’s payout ratio is 58.15%.

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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.

Institutional Ownership by Quarter for Dr Pepper Snapple Group (NYSE:DPS)

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