BB&T Corp lessened its holdings in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,256 shares of the company’s stock after selling 11,560 shares during the period. BB&T Corp owned about 0.09% of Dr Pepper Snapple Group worth $16,137,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in DPS. Franklin Resources Inc. bought a new position in Dr Pepper Snapple Group during the second quarter valued at about $655,000. FMR LLC increased its stake in shares of Dr Pepper Snapple Group by 4.7% in the second quarter. FMR LLC now owns 2,984,283 shares of the company’s stock worth $271,898,000 after purchasing an additional 134,256 shares during the period. Suntrust Banks Inc. increased its stake in shares of Dr Pepper Snapple Group by 21.4% in the second quarter. Suntrust Banks Inc. now owns 4,137 shares of the company’s stock worth $375,000 after purchasing an additional 730 shares during the period. Advisor Group Inc. increased its stake in shares of Dr Pepper Snapple Group by 0.7% in the second quarter. Advisor Group Inc. now owns 9,461 shares of the company’s stock worth $853,000 after purchasing an additional 68 shares during the period. Finally, Virtu KCG Holdings LLC bought a new position in shares of Dr Pepper Snapple Group in the second quarter worth about $251,000. Institutional investors and hedge funds own 90.74% of the company’s stock.
A number of equities research analysts recently weighed in on DPS shares. BMO Capital Markets reaffirmed a “buy” rating and set a $105.00 price objective on shares of Dr Pepper Snapple Group in a report on Friday, October 27th. Royal Bank of Canada reissued a “hold” rating and issued a $91.00 target price on shares of Dr Pepper Snapple Group in a report on Wednesday, October 25th. Susquehanna Bancshares set a $89.00 target price on Dr Pepper Snapple Group and gave the stock a “hold” rating in a report on Wednesday, October 25th. Wells Fargo & Co boosted their target price on Dr Pepper Snapple Group from $98.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. Finally, Morgan Stanley reduced their target price on Dr Pepper Snapple Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a report on Thursday, October 26th. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $112.79.
Dr Pepper Snapple Group Inc. (NYSE DPS) opened at $116.74 on Tuesday. The stock has a market cap of $20,977.91, a price-to-earnings ratio of 29.26, a PEG ratio of 2.16 and a beta of 0.79. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.93 and a quick ratio of 0.74. Dr Pepper Snapple Group Inc. has a fifty-two week low of $83.23 and a fifty-two week high of $126.65.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Wednesday, March 21st will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Tuesday, March 20th. Dr Pepper Snapple Group’s payout ratio is presently 58.15%.
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About Dr Pepper Snapple Group
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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