LMR Partners LLP Acquires Shares of 38,218 Dr Pepper Snapple Group Inc. (DPS)

LMR Partners LLP bought a new position in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 38,218 shares of the company’s stock, valued at approximately $3,709,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Amica Retiree Medical Trust bought a new position in Dr Pepper Snapple Group during the 3rd quarter worth about $110,000. Sun Life Financial INC boosted its stake in shares of Dr Pepper Snapple Group by 13,360.0% during the 2nd quarter. Sun Life Financial INC now owns 1,346 shares of the company’s stock worth $123,000 after buying an additional 1,336 shares during the last quarter. Sawyer & Company Inc acquired a new position in shares of Dr Pepper Snapple Group during the 4th quarter worth about $205,000. Zeke Capital Advisors LLC acquired a new position in shares of Dr Pepper Snapple Group during the 3rd quarter worth about $208,000. Finally, First Manhattan Co. boosted its stake in shares of Dr Pepper Snapple Group by 83.7% during the 4th quarter. First Manhattan Co. now owns 2,337 shares of the company’s stock worth $226,000 after buying an additional 1,065 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Shares of Dr Pepper Snapple Group Inc. (DPS) traded down $0.30 during trading hours on Wednesday, reaching $115.65. 875,289 shares of the company traded hands, compared to its average volume of 2,861,082. Dr Pepper Snapple Group Inc. has a twelve month low of $83.23 and a twelve month high of $126.65. The firm has a market cap of $20,983.30, a P/E ratio of 29.06, a P/E/G 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.

The company 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. The ex-dividend date is Tuesday, March 20th. This represents a $2.32 annualized dividend and a yield of 2.01%. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is currently 58.15%.

A number of equities analysts have recently commented on the stock. Susquehanna Bancshares set a $129.00 price objective on shares of Dr Pepper Snapple Group and gave the stock a “hold” rating in a research note on Monday. Stifel Nicolaus increased their price objective on shares of Dr Pepper Snapple Group from $123.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Sanford C. Bernstein restated a “market perform” rating and set a $124.00 price objective (up from $92.00) on shares of Dr Pepper Snapple Group in a research note on Tuesday, January 30th. Wells Fargo & Co downgraded shares of Dr Pepper Snapple Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 30th. Finally, BMO Capital Markets downgraded shares of Dr Pepper Snapple Group from an “outperform” rating to a “market perform” rating and set a $125.00 price objective for the company. in a research note on Thursday, February 1st. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $115.64.

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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.

Institutional Ownership by Quarter for Dr Pepper Snapple Group (NYSE:DPS)

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