Dr Pepper Snapple Group, Inc (DPS) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its position in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 7.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,037 shares of the company’s stock after buying an additional 3,384 shares during the period. State of Alaska Department of Revenue’s holdings in Dr Pepper Snapple Group were worth $4,376,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in 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 in the last quarter. FIL Ltd boosted its stake in 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 in the last quarter. Bank of Montreal Can boosted its stake in 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 in the last quarter. FMR LLC boosted its stake in shares of 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 during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of 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 during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.

Dr Pepper Snapple Group, Inc (NYSE:DPS) traded down 0.82% during midday trading on Tuesday, hitting $90.31. The stock had a trading volume of 969,858 shares. Dr Pepper Snapple Group, Inc has a one year low of $81.05 and a one year high of $99.47. The stock has a market cap of $16.41 billion, a PE ratio of 21.66 and a beta of 0.60. The firm has a 50 day moving average price of $91.42 and a 200 day moving average price of $93.14.

Dr Pepper Snapple Group (NYSE:DPS) last posted its quarterly earnings data on Thursday, July 27th. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by $0.03. Dr Pepper Snapple Group had a return on equity of 38.28% and a net margin of 11.73%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts expect that Dr Pepper Snapple Group, Inc will post $4.63 EPS for the current year.

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DPS has been the topic of a number of analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $116.00 target price (up previously from $115.00) on shares of Dr Pepper Snapple Group in a report on Tuesday, April 18th. BMO Capital Markets reiterated a “buy” rating and set a $105.00 target price on shares of Dr Pepper Snapple Group in a report on Wednesday, July 12th. Zacks Investment Research upgraded Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock 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. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $91.00 target price on shares of Dr Pepper Snapple Group in a report on Monday, May 15th. Two research 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. The stock currently has an average rating of “Hold” and a consensus target price 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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