LS Investment Advisors LLC increased its position in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) by 4.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,242 shares of the company’s stock after acquiring an additional 812 shares during the period. LS Investment Advisors LLC’s holdings in Dr Pepper Snapple Group were worth $1,868,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Amica Mutual Insurance Co. bought a new stake in Dr Pepper Snapple Group during the 3rd quarter worth $790,000. Nisa Investment Advisors LLC lifted its holdings in Dr Pepper Snapple Group by 27.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 46,001 shares of the company’s stock worth $4,465,000 after buying an additional 10,000 shares during the period. Victory Capital Management Inc. lifted its holdings in Dr Pepper Snapple Group by 7.7% during the 3rd quarter. Victory Capital Management Inc. now owns 36,342 shares of the company’s stock worth $3,215,000 after buying an additional 2,607 shares during the period. Sit Investment Associates Inc. lifted its holdings in Dr Pepper Snapple Group by 5.8% during the 3rd quarter. Sit Investment Associates Inc. now owns 209,045 shares of the company’s stock worth $18,494,000 after buying an additional 11,495 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Dr Pepper Snapple Group by 7.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 800,522 shares of the company’s stock worth $70,822,000 after buying an additional 55,374 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.
Several research analysts have commented on the company. Zacks Investment Research raised Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Credit Suisse Group reaffirmed an “outperform” rating and set a $128.00 target price (up from $107.00) on shares of Dr Pepper Snapple Group in a report on Wednesday, January 10th. Susquehanna Bancshares set a $129.00 target price on Dr Pepper Snapple Group and gave the stock a “hold” rating in a report on Monday. Wells Fargo & Co raised Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a report on Monday, October 23rd. Finally, Cowen reaffirmed a “hold” rating and set a $128.00 target price on shares of Dr Pepper Snapple Group in a report on Tuesday, January 30th. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $115.64.
Dr Pepper Snapple Group Inc. (DPS) opened at $116.74 on Tuesday. The stock has a market capitalization of $20,977.91, a PE 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 52 week low of $83.23 and a 52 week high of $126.65.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders 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 dividend yield of 1.99%. The ex-dividend date is Tuesday, March 20th. Dr Pepper Snapple Group’s dividend payout ratio is 58.15%.
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Dr Pepper Snapple Group 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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