Bank of Montreal Can Reduces Stake in Dr Pepper Snapple Group Inc. (DPS)

Bank of Montreal Can decreased its holdings in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 83.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 376,271 shares of the company’s stock after selling 1,854,126 shares during the period. Bank of Montreal Can owned about 0.21% of Dr Pepper Snapple Group worth $36,521,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Amica Mutual Insurance Co. acquired a new position in shares of Dr Pepper Snapple Group in the 3rd quarter valued at about $790,000. Victory Capital Management Inc. increased its holdings in shares of Dr Pepper Snapple Group by 7.7% in the 3rd 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. Sit Investment Associates Inc. increased its holdings in shares of Dr Pepper Snapple Group by 5.8% in the 3rd 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. Swiss National Bank increased its holdings in shares of Dr Pepper Snapple Group by 1.0% in the 3rd quarter. Swiss National Bank now owns 1,197,113 shares of the company’s stock valued at $105,909,000 after purchasing an additional 12,200 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in shares of Dr Pepper Snapple Group by 32.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 57,371 shares of the company’s stock valued at $5,076,000 after purchasing an additional 14,133 shares during the period. Institutional investors own 91.09% of the company’s stock.

Dr Pepper Snapple Group Inc. (DPS) opened at $96.35 on Monday. Dr Pepper Snapple Group Inc. has a twelve month low of $83.23 and a twelve month high of $99.47. The company has a market capitalization of $17,395.22, a P/E ratio of 24.15, a P/E/G ratio of 2.07 and a beta of 0.59. 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 (NYSE:DPS) last released its quarterly earnings data on Wednesday, October 25th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates 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 prior year, the company posted $1.17 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. analysts expect that Dr Pepper Snapple Group Inc. will post 4.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th were issued a dividend of $0.58 per share. The ex-dividend date was Wednesday, December 13th. This represents a $2.32 annualized dividend and a yield of 2.41%. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is presently 58.15%.

DPS has been the topic of a number of research reports. Jefferies Group dropped their target price on Dr Pepper Snapple Group from $112.00 to $111.00 and set a “buy” rating on the stock in a report on Friday, October 13th. Stifel Nicolaus dropped their target price on Dr Pepper Snapple Group from $114.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Deutsche Bank began coverage on Dr Pepper Snapple Group in a report on Wednesday, December 13th. They issued a “buy” rating and a $104.00 price objective on the stock. BMO Capital Markets restated a “buy” rating and issued a $105.00 price objective on shares of Dr Pepper Snapple Group in a report on Friday, October 27th. Finally, Zacks Investment Research upgraded Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $102.38.

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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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