Investec Asset Management LTD Has $5.41 Million Stake in Dr Pepper Snapple Group, Inc (DPS)

Investec Asset Management LTD raised its stake in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 0.1% during the first quarter, Holdings Channel reports. The institutional investor owned 55,270 shares of the company’s stock after buying an additional 81 shares during the period. Investec Asset Management LTD’s holdings in Dr Pepper Snapple Group were worth $5,412,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Huntington National Bank boosted its stake in shares of Dr Pepper Snapple Group by 5.4% in the first quarter. Huntington National Bank now owns 1,100 shares of the company’s stock worth $108,000 after buying an additional 56 shares during the period. Baystate Wealth Management LLC boosted its stake in shares of Dr Pepper Snapple Group by 5.0% in the first quarter. Baystate Wealth Management LLC now owns 1,113 shares of the company’s stock worth $108,000 after buying an additional 53 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in shares of Dr Pepper Snapple Group during the fourth quarter worth approximately $117,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Dr Pepper Snapple Group by 3.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,817 shares of the company’s stock worth $178,000 after buying an additional 57 shares during the period. Finally, Checchi Capital Advisers LLC purchased a new stake in shares of Dr Pepper Snapple Group during the first quarter worth approximately $204,000. 91.08% of the stock is currently owned by institutional investors.

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

Shares of Dr Pepper Snapple Group, Inc (DPS) traded down 0.55% during trading on Friday, hitting $93.26. 1,717,983 shares of the stock traded hands. The firm has a market cap of $17.14 billion, a price-to-earnings ratio of 20.52 and a beta of 0.62. The company has a 50 day moving average price of $91.89 and a 200 day moving average price of $92.75. Dr Pepper Snapple Group, Inc has a 12 month low of $81.05 and a 12 month high of $99.47.

Dr Pepper Snapple Group (NYSE:DPS) last announced its earnings results on Wednesday, April 26th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.05. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.55 billion. Dr Pepper Snapple Group had a net margin of 13.03% and a return on equity of 38.52%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 EPS. Analysts anticipate that Dr Pepper Snapple Group, Inc will post $4.64 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Wednesday, June 14th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Monday, June 12th. Dr Pepper Snapple Group’s payout ratio is 51.10%.

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A number of analysts have commented on DPS shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $116.00 price target (up previously from $115.00) on shares of Dr Pepper Snapple Group in a research report on Tuesday, April 18th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $91.00 price target on shares of Dr Pepper Snapple Group in a research report on Monday, May 15th. Barclays PLC reaffirmed a “hold” rating and set a $99.00 price target on shares of Dr Pepper Snapple Group in a research report on Friday, April 28th. Susquehanna Bancshares Inc set a $93.00 price target on shares of Dr Pepper Snapple Group and gave the company a “hold” rating in a research report on Saturday, February 18th. Finally, Zacks Investment Research raised shares of Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Dr Pepper Snapple Group presently has a consensus rating of “Hold” and an average target price of $98.77.

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.

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