Dr Pepper Snapple Group, Inc (DPS) Stake Lowered by Hartford Investment Management Co.

Hartford Investment Management Co. reduced its position in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) by 4.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 72,280 shares of the company’s stock after selling 3,400 shares during the period. Hartford Investment Management Co.’s holdings in Dr Pepper Snapple Group were worth $6,585,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Dr Pepper Snapple Group by 1,517.3% in the first quarter. BlackRock Inc. now owns 16,369,447 shares of the company’s stock worth $1,602,895,000 after buying an additional 15,357,318 shares during the period. FIL Ltd boosted its position in shares of Dr Pepper Snapple Group by 521.2% in the first quarter. FIL Ltd now owns 990,941 shares of the company’s stock worth $97,033,000 after buying an additional 831,425 shares during the period. Bank of Montreal Can boosted its position in shares of Dr Pepper Snapple Group by 43.4% in the first quarter. Bank of Montreal Can now owns 2,679,499 shares of the company’s stock worth $262,375,000 after buying an additional 810,357 shares during the period. FMR LLC raised its stake in Dr Pepper Snapple Group by 27.4% in the first quarter. FMR LLC now owns 2,850,027 shares of the company’s stock worth $279,075,000 after buying an additional 613,545 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Dr Pepper Snapple Group by 600.3% in the first quarter. Renaissance Technologies LLC now owns 669,500 shares of the company’s stock worth $65,557,000 after buying an additional 573,900 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) opened at 92.44 on Thursday. The company has a market cap of $16.80 billion, a P/E ratio of 22.17 and a beta of 0.60. The company’s 50 day moving average is $90.78 and its 200 day moving average is $93.18. Dr Pepper Snapple Group, Inc has a 12 month low of $81.05 and a 12 month high of $99.47.

Dr Pepper Snapple Group (NYSE:DPS) last posted its earnings results on Thursday, July 27th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.28 by $0.03. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.77 billion. Dr Pepper Snapple Group had a return on equity of 38.28% and a net margin of 11.73%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $1.25 EPS. On average, equities research analysts predict that Dr Pepper Snapple Group, Inc will post $4.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 14th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.51%. The ex-dividend date is Wednesday, September 13th. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is 55.64%.

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A number of analysts have recently weighed in on the stock. Susquehanna Bancshares Inc set a $92.00 target price on shares of Dr Pepper Snapple Group and gave the stock a “hold” rating in a report on Saturday, May 27th. Zacks Investment Research upgraded shares of Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a report on Tuesday, June 27th. Credit Suisse Group reiterated a “buy” rating on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. Jefferies Group LLC restated a “buy” rating and issued a $112.00 price objective on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. Finally, BMO Capital Markets upgraded shares of Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $98.00 to $105.00 in a report on Wednesday, June 7th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Dr Pepper Snapple Group has a consensus rating of “Hold” and an average price target of $99.64.

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.

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

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