OppenheimerFunds Inc. Sells 1,128,166 Shares of Dr Pepper Snapple Group Inc. (DPS)

OppenheimerFunds Inc. cut its position in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 99.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,384 shares of the company’s stock after selling 1,128,166 shares during the period. OppenheimerFunds Inc.’s holdings in Dr Pepper Snapple Group were worth $637,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DPS. Ceredex Value Advisors LLC acquired a new position in Dr Pepper Snapple Group in the first quarter valued at about $65,777,000. BNP Paribas Arbitrage SA boosted its position in Dr Pepper Snapple Group by 232.8% in the first quarter. BNP Paribas Arbitrage SA now owns 589,290 shares of the company’s stock valued at $69,760,000 after buying an additional 412,208 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in Dr Pepper Snapple Group by 85.8% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 746,252 shares of the company’s stock valued at $72,431,000 after buying an additional 344,506 shares in the last quarter. Two Sigma Investments LP acquired a new position in Dr Pepper Snapple Group in the fourth quarter valued at about $31,079,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in Dr Pepper Snapple Group in the first quarter valued at about $36,343,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Shares of Dr Pepper Snapple Group opened at $121.92 on Tuesday, MarketBeat.com reports. Dr Pepper Snapple Group Inc. has a 1 year low of $83.23 and a 1 year high of $126.65. The company has a market cap of $22.06 billion, a PE ratio of 26.85, a P/E/G ratio of 2.27 and a beta of 0.76. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.66.

Dr Pepper Snapple Group (NYSE:DPS) last announced its earnings results on Wednesday, April 25th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.05). The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.57 billion. Dr Pepper Snapple Group had a return on equity of 35.49% and a net margin of 15.62%. research analysts predict that Dr Pepper Snapple Group Inc. will post 5.14 EPS for the current year.

A number of equities analysts have commented on the stock. Stifel Nicolaus lowered shares of Dr Pepper Snapple Group from a “buy” rating to a “hold” rating and set a $122.00 price target on the stock. in a research report on Monday, June 18th. ValuEngine upgraded shares of Dr Pepper Snapple Group from a “hold” rating to a “buy” rating in a research report on Monday, March 19th. Zacks Investment Research lowered shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 18th. Finally, Royal Bank of Canada upgraded shares of Dr Pepper Snapple Group from a “sector perform” rating to an “outperform” rating and reduced their price target for the company from $135.00 to $125.00 in a research report on Monday, March 19th. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Dr Pepper Snapple Group presently has a consensus rating of “Hold” and a consensus target price of $117.43.

In related news, insider Martin M. Ellen sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $120.71, for a total transaction of $3,621,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald G. Rogers sold 16,232 shares of the business’s stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $120.00, for a total transaction of $1,947,840.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,983 shares of company stock valued at $7,707,383. 0.58% of the stock is currently owned by insiders.

About Dr Pepper Snapple Group

Dr Pepper Snapple Group, Inc manufactures and distributes non-alcoholic beverages in the United States, Mexico and the Caribbean, and Canada. The company operates through three segments: Beverage Concentrates, Packaged Beverages, and Latin America Beverages. It offers flavored carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, mineral and coconut water, and mixers, as well as manufactures and sells Mott's apple sauces.

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

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