Advisor Group Inc. lifted its stake in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 22.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,549 shares of the company’s stock after buying an additional 2,278 shares during the quarter. Advisor Group Inc.’s holdings in Dr Pepper Snapple Group were worth $1,220,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in DPS. Amica Retiree Medical Trust purchased a new position in shares of Dr Pepper Snapple Group in the third quarter worth $110,000. Aevitas Wealth Management Inc. purchased a new position in shares of Dr Pepper Snapple Group in the fourth quarter worth $136,000. James Hambro & Partners purchased a new position in shares of Dr Pepper Snapple Group in the fourth quarter worth $175,000. Sawyer & Company Inc purchased a new position in shares of Dr Pepper Snapple Group in the fourth quarter worth $205,000. Finally, Cue Financial Group Inc. purchased a new position in shares of Dr Pepper Snapple Group in the fourth quarter worth $205,000. 92.79% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on the stock. BMO Capital Markets downgraded shares of Dr Pepper Snapple Group from an “outperform” rating to a “market perform” rating and set a $125.00 target price on the stock. in a report on Thursday, February 1st. Gabelli raised shares of Dr Pepper Snapple Group from a “hold” rating to a “buy” rating in a report on Thursday, February 1st. Morgan Stanley downgraded shares of Dr Pepper Snapple Group to an “equal weight” rating in a report on Wednesday, January 31st. Cowen reissued a “hold” rating and issued a $128.00 target price on shares of Dr Pepper Snapple Group in a report on Tuesday, January 30th. Finally, Deutsche Bank downgraded shares of Dr Pepper Snapple Group from a “buy” rating to a “hold” rating and boosted their target price for the stock from $114.00 to $123.00 in a report on Monday, January 29th. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Dr Pepper Snapple Group has a consensus rating of “Hold” and an average price target of $117.43.
Shares of Dr Pepper Snapple Group stock opened at $118.00 on Thursday. The stock has a market cap of $21,274.51, a price-to-earnings ratio of 20.00, a P/E/G ratio of 2.16 and a beta of 0.80. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.72 and a current ratio of 0.90. Dr Pepper Snapple Group Inc. has a 12 month low of $83.23 and a 12 month high of $126.65.
Dr Pepper Snapple Group (NYSE:DPS) last released its quarterly earnings results on Wednesday, February 14th. The company reported $1.17 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.17. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.66 billion. Dr Pepper Snapple Group had a net margin of 16.08% and a return on equity of 37.05%. Dr Pepper Snapple Group’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 earnings per share. equities analysts forecast that Dr Pepper Snapple Group Inc. will post 5.1 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Wednesday, March 21st will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Tuesday, March 20th. Dr Pepper Snapple Group’s payout ratio is 39.32%.
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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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