Toronto Dominion Bank Has $7.71 Million Holdings in Dr Pepper Snapple Group Inc. (DPS)

Toronto Dominion Bank boosted its position in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) by 12.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,388 shares of the company’s stock after buying an additional 8,799 shares during the period. Toronto Dominion Bank’s holdings in Dr Pepper Snapple Group were worth $7,705,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Dr Pepper Snapple Group by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,518,554 shares of the company’s stock valued at $752,699,000 after purchasing an additional 119,413 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Dr Pepper Snapple Group by 79.7% in the 3rd quarter. Janus Henderson Group PLC now owns 1,732,948 shares of the company’s stock valued at $153,314,000 after purchasing an additional 768,412 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Dr Pepper Snapple Group by 25.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,518,634 shares of the company’s stock valued at $134,353,000 after purchasing an additional 309,068 shares in the last quarter. Troy Asset Management Ltd boosted its stake in shares of Dr Pepper Snapple Group by 31.2% in the 3rd quarter. Troy Asset Management Ltd now owns 1,514,100 shares of the company’s stock valued at $133,952,000 after purchasing an additional 360,100 shares in the last quarter. Finally, American Century Companies Inc. acquired a new stake in shares of Dr Pepper Snapple Group in the 4th quarter valued at approximately $126,680,000. Hedge funds and other institutional investors own 93.10% of the company’s stock.

Dr Pepper Snapple Group Inc. (NYSE DPS) opened at $115.12 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.80. Dr Pepper Snapple Group Inc. has a fifty-two week low of $83.23 and a fifty-two week high of $126.65. The stock has a market cap of $20,692.14, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 2.18 and a beta of 0.79.

Dr Pepper Snapple Group (NYSE:DPS) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $1.17 EPS for the quarter, hitting the consensus estimate of $1.17. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.66 billion. Dr Pepper Snapple Group had a net margin of 16.08% and a return on equity of 37.05%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 EPS. sell-side analysts forecast that Dr Pepper Snapple Group Inc. will post 5.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Wednesday, March 21st will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.02%. The ex-dividend date is Tuesday, March 20th. Dr Pepper Snapple Group’s payout ratio is currently 39.32%.

A number of research firms have recently weighed in on DPS. Credit Suisse Group restated an “outperform” rating and issued a $128.00 price target (up from $107.00) on shares of Dr Pepper Snapple Group in a research note on Wednesday, January 10th. Sanford C. Bernstein restated a “market perform” rating and issued a $124.00 price target (up from $92.00) on shares of Dr Pepper Snapple Group in a research note on Tuesday, January 30th. Wells Fargo & Co upgraded shares of Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded shares of Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Jefferies Group reiterated a “buy” rating and issued a $115.00 price objective on shares of Dr Pepper Snapple Group in a report on Monday, January 29th. Thirteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $115.14.

TRADEMARK VIOLATION WARNING: This story was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://stocknewstimes.com/2018/02/19/toronto-dominion-bank-has-7-71-million-holdings-in-dr-pepper-snapple-group-inc-dps.html.

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.

Want to see what other hedge funds are holding DPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dr Pepper Snapple Group Inc. (NYSE:DPS).

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

Receive News & Ratings for Dr Pepper Snapple Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dr Pepper Snapple Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply