Dr Pepper Snapple Group Inc. (DPS) Stake Lowered by DnB Asset Management AS

DnB Asset Management AS trimmed its position in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,847 shares of the company’s stock after selling 1,800 shares during the period. DnB Asset Management AS’s holdings in Dr Pepper Snapple Group were worth $2,606,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Dr Pepper Snapple Group by 2.9% during the second quarter. Vanguard Group Inc. now owns 18,408,234 shares of the company’s stock valued at $1,677,174,000 after acquiring an additional 510,155 shares in the last quarter. BlackRock Inc. grew its stake in Dr Pepper Snapple Group by 4.9% during the second quarter. BlackRock Inc. now owns 17,172,007 shares of the company’s stock valued at $1,564,543,000 after acquiring an additional 802,560 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Dr Pepper Snapple Group by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 8,518,554 shares of the company’s stock valued at $752,699,000 after acquiring an additional 119,413 shares in the last quarter. FMR LLC grew its stake in Dr Pepper Snapple Group by 4.7% during the second quarter. FMR LLC now owns 2,984,283 shares of the company’s stock valued at $271,898,000 after acquiring an additional 134,256 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in Dr Pepper Snapple Group by 79.7% during the third quarter. Janus Henderson Group PLC now owns 1,732,948 shares of the company’s stock valued at $153,314,000 after acquiring an additional 768,412 shares in the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

Several equities analysts recently weighed in on DPS shares. Deutsche Bank started coverage on shares of Dr Pepper Snapple Group in a research note on Wednesday, December 13th. They set a “buy” rating and a $104.00 target price for the company. Morgan Stanley cut their target price on shares of Dr Pepper Snapple Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. Wells Fargo & Co raised shares of Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a research note on Monday, October 23rd. 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 Wednesday, October 25th. Finally, Stifel Nicolaus cut their target price on shares of Dr Pepper Snapple Group from $114.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $102.38.

Dr Pepper Snapple Group Inc. (NYSE:DPS) opened at $95.24 on Friday. Dr Pepper Snapple Group Inc. has a 52 week low of $83.23 and a 52 week high of $99.47. The company has a market cap of $17,190.00, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 2.05 and a beta of 0.58. 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 (NYSE:DPS) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.06). Dr Pepper Snapple Group had a return on equity of 37.53% and a net margin of 11.06%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the business earned $1.17 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis. sell-side analysts anticipate that Dr Pepper Snapple Group Inc. will post 4.53 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th were paid a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.44%. Dr Pepper Snapple Group’s payout ratio is currently 58.15%.

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

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