Nomura Asset Management Co. Ltd. Takes $8.01 Million Position in Dr Pepper Snapple Group Inc. (DPS)

Nomura Asset Management Co. Ltd. purchased a new stake in Dr Pepper Snapple Group Inc. (NYSE:DPS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 90,481 shares of the company’s stock, valued at approximately $8,005,000. Nomura Asset Management Co. Ltd. owned about 0.05% of Dr Pepper Snapple Group at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chilton Investment Co. LLC acquired a new position in Dr Pepper Snapple Group in the second quarter valued at $21,943,000. Principal Financial Group Inc. increased 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 purchasing an additional 800,808 shares during the period. Sit Investment Associates Inc. increased its stake in Dr Pepper Snapple Group by 5.8% in the third quarter. Sit Investment Associates Inc. now owns 209,045 shares of the company’s stock valued at $18,494,000 after purchasing an additional 11,495 shares during the period. Victory Capital Management Inc. increased its stake in Dr Pepper Snapple Group by 7.7% in the third quarter. Victory Capital Management Inc. now owns 36,342 shares of the company’s stock valued at $3,215,000 after purchasing an additional 2,607 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Dr Pepper Snapple Group by 0.7% in the second quarter. Wells Fargo & Company MN now owns 2,259,175 shares of the company’s stock valued at $205,835,000 after purchasing an additional 15,523 shares during the period. 91.12% of the stock is owned by hedge funds and other institutional investors.

DPS has been the topic of a number of recent research reports. BidaskClub upgraded shares of Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. BMO Capital Markets restated a “buy” rating and issued a $105.00 price objective on shares of Dr Pepper Snapple Group in a research note on Wednesday, September 6th. Macquarie started 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 target on the stock. Jefferies Group dropped their price target on shares of Dr Pepper Snapple Group from $112.00 to $111.00 and set a “buy” rating on the stock in a research note on Friday, October 13th. Finally, Zacks Investment Research lowered shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Dr Pepper Snapple Group has an average rating of “Hold” and a consensus price target of $99.45.

Dr Pepper Snapple Group Inc. (NYSE DPS) opened at $94.95 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 2.07. Dr Pepper Snapple Group Inc. has a 1 year low of $83.23 and a 1 year high of $99.47. The firm has a market cap of $16,880.63, a PE ratio of 21.25, a price-to-earnings-growth ratio of 2.35 and a beta of 0.59.

Dr Pepper Snapple Group (NYSE:DPS) last issued its earnings results on Wednesday, October 25th. The company reported $1.10 earnings per share for the quarter, missing the 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 company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. equities analysts anticipate that Dr Pepper Snapple Group Inc. will post 4.54 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Wednesday, December 13th. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is presently 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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Institutional Ownership by Quarter for Dr Pepper Snapple Group (NYSE:DPS)

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