KBC Group NV lifted its holdings in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 5.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,512 shares of the company’s stock after buying an additional 2,016 shares during the quarter. KBC Group NV’s holdings in Dr Pepper Snapple Group were worth $3,230,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of DPS. Gamco Investors INC. ET AL purchased a new position in Dr Pepper Snapple Group during the 2nd quarter worth $88,794,000. Janus Henderson Group PLC increased its holdings in Dr Pepper Snapple Group by 684.7% during the 2nd quarter. Janus Henderson Group PLC now owns 964,536 shares of the company’s stock worth $87,880,000 after purchasing an additional 841,626 shares during the period. BlackRock Inc. increased its holdings in Dr Pepper Snapple Group by 4.9% during the 2nd quarter. BlackRock Inc. now owns 17,172,007 shares of the company’s stock worth $1,564,543,000 after purchasing an additional 802,560 shares during the period. Principal Financial Group Inc. increased its holdings in 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 worth $110,203,000 after purchasing an additional 800,808 shares during the period. Finally, Gabelli Funds LLC bought a new stake in Dr Pepper Snapple Group during the 2nd quarter valued at $64,750,000. Hedge funds and other institutional investors own 91.12% of the company’s stock.
Several brokerages have issued reports on DPS. Wells Fargo & Company raised Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a research report on Monday, October 23rd. Macquarie initiated coverage on Dr Pepper Snapple Group in a research report on Friday, September 15th. They issued a “neutral” rating and a $95.00 price objective for the company. BidaskClub raised Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Stifel Nicolaus reduced their target price on Dr Pepper Snapple Group from $114.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Finally, Zacks Investment Research lowered Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Dr Pepper Snapple Group presently has a consensus rating of “Hold” and an average target price of $99.45.
Shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) opened at $94.15 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 2.07. Dr Pepper Snapple Group Inc. has a twelve month low of $83.23 and a twelve month high of $99.47. The stock has a market capitalization of $16,988.96, a PE ratio of 21.39, a P/E/G ratio of 2.37 and a beta of 0.59.
Dr Pepper Snapple Group (NYSE:DPS) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.06). Dr Pepper Snapple Group had a return on equity of 37.53% and a net margin of 11.06%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the firm posted $1.17 earnings per share. The company’s quarterly revenue 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.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 14th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Wednesday, December 13th. Dr Pepper Snapple Group’s dividend payout ratio is currently 58.15%.
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Dr Pepper Snapple Group Company 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.
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