MetLife Investment Advisors LLC lowered its stake in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,056 shares of the company’s stock after selling 1,036 shares during the period. MetLife Investment Advisors LLC’s holdings in Dr Pepper Snapple Group were worth $6,473,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Fort L.P. acquired a new stake in Dr Pepper Snapple Group in the 2nd quarter worth about $123,000. Cerebellum GP LLC boosted its stake in Dr Pepper Snapple Group by 38,275.0% in the 2nd quarter. Cerebellum GP LLC now owns 1,535 shares of the company’s stock worth $187,000 after buying an additional 1,531 shares during the last quarter. Regentatlantic Capital LLC acquired a new stake in Dr Pepper Snapple Group in the 2nd quarter worth about $200,000. Boston Private Wealth LLC acquired a new stake in Dr Pepper Snapple Group in the 1st quarter worth about $201,000. Finally, Guyasuta Investment Advisors Inc. acquired a new stake in Dr Pepper Snapple Group in the 1st quarter worth about $208,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.
DPS has been the topic of a number of research analyst reports. Zacks Investment Research lowered Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Stephens reissued a “buy” rating on shares of Dr Pepper Snapple Group in a research note on Tuesday, July 10th. Finally, Stifel Nicolaus lowered Dr Pepper Snapple Group from a “buy” rating to a “hold” rating and set a $122.00 price target on the stock. in a research note on Monday, June 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Dr Pepper Snapple Group currently has an average rating of “Hold” and a consensus price target of $120.83.
Dr Pepper Snapple Group Profile
Dr Pepper Snapple Group, Inc manufactures and distributes non-alcoholic beverages in the United States, Mexico and the Caribbean, and Canada. The company operates through three segments: Beverage Concentrates, Packaged Beverages, and Latin America Beverages. It offers flavored carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, mineral and coconut water, and mixers, as well as manufactures and sells Mott's apple sauces.
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