Cipher Capital LP boosted its position in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 102.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 112,480 shares of the company’s stock after buying an additional 56,810 shares during the period. Dr Pepper Snapple Group comprises approximately 0.8% of Cipher Capital LP’s holdings, making the stock its 3rd largest position. Cipher Capital LP owned about 0.06% of Dr Pepper Snapple Group worth $10,248,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Dr Pepper Snapple Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 17,898,079 shares of the company’s stock worth $1,752,580,000 after buying an additional 522,751 shares in the last quarter. BlackRock Inc. increased its stake in Dr Pepper Snapple Group by 1,517.3% in the first quarter. BlackRock Inc. now owns 16,369,447 shares of the company’s stock worth $1,602,895,000 after buying an additional 15,357,318 shares during the last quarter. State Street Corp increased its stake in Dr Pepper Snapple Group by 0.4% in the first quarter. State Street Corp now owns 8,505,213 shares of the company’s stock worth $832,832,000 after buying an additional 34,155 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Dr Pepper Snapple Group by 6.0% in the first quarter. JPMorgan Chase & Co. now owns 8,323,977 shares of the company’s stock worth $815,084,000 after buying an additional 474,447 shares during the last quarter. Finally, Fundsmith LLP increased its stake in Dr Pepper Snapple Group by 0.5% in the first quarter. Fundsmith LLP now owns 5,329,086 shares of the company’s stock worth $521,824,000 after buying an additional 24,232 shares during the last quarter. Institutional investors own 90.34% of the company’s stock.

Dr Pepper Snapple Group, Inc (NYSE:DPS) opened at 91.33 on Friday. The firm has a market capitalization of $16.60 billion, a P/E ratio of 21.90 and a beta of 0.60. The firm’s 50-day moving average is $91.01 and its 200 day moving average is $93.09. 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 released its quarterly earnings data on Thursday, July 27th. The company reported $1.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by $0.03. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.77 billion. Dr Pepper Snapple Group had a return on equity of 38.28% and a net margin of 11.73%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the business posted $1.25 earnings per share. On average, analysts expect that Dr Pepper Snapple Group, Inc will post $4.63 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 14th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, September 13th. Dr Pepper Snapple Group’s payout ratio is 55.64%.

WARNING: “Cipher Capital LP Raises Stake in Dr Pepper Snapple Group, Inc (DPS)” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/09/01/cipher-capital-lp-raises-stake-in-dr-pepper-snapple-group-inc-dps.html.

A number of equities research analysts have recently weighed in on the stock. Susquehanna Bancshares Inc set a $92.00 price target on shares of Dr Pepper Snapple Group and gave the company a “hold” rating in a research report on Saturday, May 27th. Zacks Investment Research upgraded shares of Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research report on Tuesday, June 27th. Credit Suisse Group reiterated a “buy” rating on shares of Dr Pepper Snapple Group in a research report on Friday, June 23rd. BidaskClub upgraded shares of Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $112.00 price target on shares of Dr Pepper Snapple Group in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $99.64.

In other Dr Pepper Snapple Group news, insider Angela A. Stephens sold 3,160 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $92.51, for a total value of $292,331.60. Following the completion of the transaction, the insider now directly owns 16,913 shares of the company’s stock, valued at approximately $1,564,621.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.58% of the stock is owned by company insiders.

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.

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

Receive News & Stock Ratings for Dr Pepper Snapple Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dr Pepper Snapple Group Inc and related stocks with our FREE daily email newsletter.