Toronto Dominion Bank increased its position in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) by 25.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,828 shares of the company’s stock after purchasing an additional 12,848 shares during the quarter. Toronto Dominion Bank’s holdings in Dr Pepper Snapple Group were worth $5,815,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in DPS. BlackRock Inc. lifted 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 valued at $1,602,895,000 after buying an additional 15,357,318 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in Dr Pepper Snapple Group in the second quarter valued at $88,794,000. Janus Henderson Group PLC lifted its stake in Dr Pepper Snapple Group by 684.7% in the second quarter. Janus Henderson Group PLC now owns 964,536 shares of the company’s stock valued at $87,880,000 after buying an additional 841,626 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Dr Pepper Snapple Group by 195.9% in the second 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 during the last quarter. Finally, Gabelli Funds LLC bought a new stake in Dr Pepper Snapple Group in the second quarter valued at $64,750,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.
In related news, insider Angela A. Stephens sold 7,700 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $91.12, for a total transaction of $701,624.00. Following the sale, the insider now owns 6,053 shares of the company’s stock, valued at approximately $551,549.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Angela A. Stephens sold 3,160 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $92.51, for a total value of $292,331.60. Following the sale, the insider now directly owns 16,913 shares in the company, valued at approximately $1,564,621.63. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.
Shares of Dr Pepper Snapple Group Inc. (DPS) traded down 0.82% during trading on Friday, reaching $85.75. The company had a trading volume of 1,469,249 shares. Dr Pepper Snapple Group Inc. has a 52-week low of $81.05 and a 52-week high of $99.47. The company has a 50 day moving average of $89.56 and a 200-day moving average of $91.51. The firm has a market capitalization of $15.58 billion, a P/E ratio of 20.56 and a beta of 0.61.
Dr Pepper Snapple Group (NYSE:DPS) last issued its quarterly earnings results 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 net margin of 11.67% and a return on equity of 38.01%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the business posted $1.17 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts expect that Dr Pepper Snapple Group Inc. will post $4.52 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Thursday, September 14th were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Wednesday, September 13th. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is 58.15%.
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A number of research firms have issued reports on DPS. Wells Fargo & Company upgraded Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a research note on Monday, October 23rd. Morgan Stanley cut their target price on Dr Pepper Snapple Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a research note on Thursday. BMO Capital Markets reiterated a “buy” rating and issued a $105.00 target price on shares of Dr Pepper Snapple Group in a research note on Friday. Jefferies Group LLC restated a “buy” rating and set a $112.00 price objective on shares of Dr Pepper Snapple Group in a research note on Thursday, July 6th. Finally, Macquarie began coverage on shares of Dr Pepper Snapple Group in a research note on Friday, September 15th. They set a “neutral” rating and a $95.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $99.45.
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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