Dr Pepper Snapple Group Inc. (NYSE:DPS) Position Trimmed by Westpac Banking Corp

Westpac Banking Corp cut its stake in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) by 22.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 86,770 shares of the company’s stock after selling 24,512 shares during the period. Westpac Banking Corp’s holdings in Dr Pepper Snapple Group were worth $8,422,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Dr Pepper Snapple Group by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 18,408,234 shares of the company’s stock valued at $1,677,174,000 after acquiring an additional 510,155 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Dr Pepper Snapple Group by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,518,554 shares of the company’s stock valued at $752,699,000 after acquiring an additional 119,413 shares during the last quarter. FMR LLC increased its holdings in shares of Dr Pepper Snapple Group by 4.7% in the 2nd quarter. FMR LLC now owns 2,984,283 shares of the company’s stock valued at $271,898,000 after acquiring an additional 134,256 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Dr Pepper Snapple Group by 79.7% in the 3rd quarter. Janus Henderson Group PLC now owns 1,732,948 shares of the company’s stock valued at $153,314,000 after acquiring an additional 768,412 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Dr Pepper Snapple Group by 25.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,518,634 shares of the company’s stock valued at $134,353,000 after acquiring an additional 309,068 shares during the last quarter. 89.95% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on DPS shares. Zacks Investment Research downgraded Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Wells Fargo & Co upgraded Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a research note on Monday, October 23rd. Susquehanna Bancshares set a $89.00 price objective on Dr Pepper Snapple Group and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Royal Bank of Canada restated a “hold” rating and set a $91.00 price objective on shares of Dr Pepper Snapple Group in a research note on Wednesday, October 25th. Finally, Stifel Nicolaus reduced their price target on Dr Pepper Snapple Group from $114.00 to $106.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Dr Pepper Snapple Group currently has a consensus rating of “Hold” and a consensus target price of $112.79.

Shares of Dr Pepper Snapple Group Inc. (NYSE DPS) traded down $0.22 during trading on Friday, hitting $116.71. The stock had a trading volume of 3,011,881 shares, compared to its average volume of 3,547,654. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.74 and a current ratio of 0.93. The firm has a market capitalization of $20,977.92, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 2.16 and a beta of 0.79. Dr Pepper Snapple Group Inc. has a twelve month low of $83.23 and a twelve month high of $126.65.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Wednesday, March 21st will be issued a $0.58 dividend. The ex-dividend date is Tuesday, March 20th. This represents a $2.32 annualized dividend and a dividend yield of 1.99%. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is 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.

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

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