Dr Pepper Snapple Group Inc. (DPS) Shares Sold by Argent Trust Co

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Argent Trust Co lessened its holdings in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 20.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,450 shares of the company’s stock after selling 904 shares during the quarter. Argent Trust Co’s holdings in Dr Pepper Snapple Group were worth $421,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DPS. Fort L.P. acquired a new stake in Dr Pepper Snapple Group during the 2nd quarter worth approximately $123,000. Summit Trail Advisors LLC raised its holdings in Dr Pepper Snapple Group by 16,270.4% during the 1st quarter. Summit Trail Advisors LLC now owns 130,963 shares of the company’s stock worth $131,000 after buying an additional 130,163 shares during the period. Cerebellum GP LLC raised its holdings in Dr Pepper Snapple Group by 38,275.0% during 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 period. Regentatlantic Capital LLC acquired a new stake in Dr Pepper Snapple Group during the 2nd quarter worth approximately $200,000. Finally, Boston Private Wealth LLC acquired a new stake in Dr Pepper Snapple Group during the 1st quarter worth approximately $201,000. 92.67% of the stock is currently owned by institutional investors.

DPS stock remained flat at $$123.66 during midday trading on Friday. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.66. Dr Pepper Snapple Group Inc. has a twelve month low of $83.23 and a twelve month high of $126.65. The firm has a market capitalization of $22.29 billion, a P/E ratio of 27.24, a PEG ratio of 2.29 and a beta of 0.76.

A number of research firms have recently issued reports on DPS. Zacks Investment Research downgraded shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Stifel Nicolaus downgraded shares of Dr Pepper Snapple Group from a “buy” rating to a “hold” rating and set a $122.00 price objective on the stock. in a report on Monday, June 18th. Finally, Stephens reiterated a “buy” rating on shares of Dr Pepper Snapple Group in a report on Tuesday, July 10th. One equities research analyst has rated the stock with a sell rating, nine have given 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 a consensus target price of $120.83.

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

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