Gamco Investors INC. ET AL Sells 45,819 Shares of Dr Pepper Snapple Group, Inc (DPS)

Gamco Investors INC. ET AL reduced its stake in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 4.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 928,760 shares of the company’s stock after selling 45,819 shares during the quarter. Gamco Investors INC. ET AL owned about 0.51% of Dr Pepper Snapple Group worth $82,167,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in DPS. Chilton Investment Co. LLC acquired a new stake in shares of Dr Pepper Snapple Group during the 2nd quarter worth approximately $21,943,000. Principal Financial Group Inc. lifted its position in shares of Dr Pepper Snapple Group by 195.9% during the 2nd quarter. Principal Financial Group Inc. now owns 1,209,566 shares of the company’s stock valued at $110,203,000 after buying an additional 800,808 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Dr Pepper Snapple Group by 0.7% during the 2nd quarter. Wells Fargo & Company MN now owns 2,259,175 shares of the company’s stock valued at $205,835,000 after buying an additional 15,523 shares in the last quarter. Sit Investment Associates Inc. lifted its position in shares of Dr Pepper Snapple Group by 5.8% during the 3rd quarter. Sit Investment Associates Inc. now owns 209,045 shares of the company’s stock valued at $18,494,000 after buying an additional 11,495 shares in the last quarter. Finally, AJO LP lifted its position in shares of Dr Pepper Snapple Group by 57.0% during the 2nd quarter. AJO LP now owns 864,974 shares of the company’s stock valued at $78,808,000 after buying an additional 314,125 shares in the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

Shares of Dr Pepper Snapple Group, Inc (DPS) traded up $0.06 during mid-day trading on Thursday, reaching $87.39. The company had a trading volume of 189,779 shares, compared to its average volume of 1,193,671. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.93 and a quick ratio of 0.74. The firm has a market capitalization of $15,855.16, a price-to-earnings ratio of 19.96, a PEG ratio of 2.21 and a beta of 0.57. Dr Pepper Snapple Group, Inc has a 52-week low of $82.24 and a 52-week high of $99.47.

Dr Pepper Snapple Group (NYSE:DPS) last posted its earnings results on Wednesday, October 25th. The company reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.06). Dr Pepper Snapple Group had a net margin of 11.06% and a return on equity of 37.53%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the company posted $1.17 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. equities research analysts anticipate that Dr Pepper Snapple Group, Inc will post 4.54 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2017/11/16/dr-pepper-snapple-group-inc-dps-shares-sold-by-gamco-investors-inc-et-al.html.

In related news, insider Angela A. Stephens sold 7,700 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $91.12, for a total transaction of $701,624.00. Following the transaction, the insider now directly owns 6,053 shares in the company, valued at $551,549.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.58% of the company’s stock.

A number of brokerages have weighed in on DPS. Wells Fargo & Company upgraded Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a report on Monday, October 23rd. Macquarie assumed coverage on Dr Pepper Snapple Group in a report on Friday, September 15th. They set a “neutral” rating and a $95.00 price target on the stock. UBS AG lifted their price target on Dr Pepper Snapple Group from $98.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, July 28th. BidaskClub raised Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Susquehanna Bancshares Inc set a $96.00 price objective on Dr Pepper Snapple Group and gave the stock a “hold” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $99.45.

Dr Pepper Snapple Group 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.

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

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

Leave a Reply