Voya Investment Management LLC boosted its stake in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) by 291.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 540,762 shares of the company’s stock after acquiring an additional 402,464 shares during the quarter. Voya Investment Management LLC owned 0.30% of Dr Pepper Snapple Group worth $49,268,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board raised its stake in Dr Pepper Snapple Group by 23.3% during the second quarter. Ontario Teachers Pension Plan Board now owns 82,602 shares of the company’s stock worth $7,526,000 after acquiring an additional 15,595 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Dr Pepper Snapple Group by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 745,148 shares of the company’s stock worth $67,890,000 after acquiring an additional 40,905 shares in the last quarter. Virtu KCG Holdings LLC acquired a new position in Dr Pepper Snapple Group during the second quarter worth $251,000. Renaissance Technologies LLC raised its stake in Dr Pepper Snapple Group by 51.9% during the second quarter. Renaissance Technologies LLC now owns 1,016,900 shares of the company’s stock worth $92,650,000 after acquiring an additional 347,400 shares in the last quarter. Finally, TLP Group LLC acquired a new position in Dr Pepper Snapple Group during the second quarter worth $246,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

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Several research analysts have issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and set a $112.00 price objective on shares of Dr Pepper Snapple Group in a research note on Thursday, July 6th. Susquehanna Bancshares Inc set a $96.00 target price on Dr Pepper Snapple Group and gave the stock a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a report on Tuesday, June 27th. Royal Bank Of Canada restated a “hold” rating and set a $91.00 target price on shares of Dr Pepper Snapple Group in a report on Friday, June 9th. Finally, Credit Suisse Group set a $107.00 target price on Dr Pepper Snapple Group and gave the stock a “buy” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $99.25.

In related news, insider Angela A. Stephens sold 7,700 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $91.12, for a total transaction of $701,624.00. Following the sale, the insider now owns 6,053 shares in the company, valued at approximately $551,549.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela A. Stephens sold 3,160 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $92.51, for a total value of $292,331.60. Following the sale, the insider now owns 16,913 shares in the company, valued at approximately $1,564,621.63. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

Dr Pepper Snapple Group, Inc (NYSE DPS) traded down 0.13% during trading on Thursday, reaching $87.54. The company had a trading volume of 140,575 shares. The firm’s 50 day moving average price is $91.26 and its 200 day moving average price is $92.90. The firm has a market capitalization of $15.91 billion, a PE ratio of 20.99 and a beta of 0.61. 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 issued its quarterly earnings data on Thursday, July 27th. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The firm had revenue of $1.80 billion for 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 company’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 EPS. Analysts anticipate that Dr Pepper Snapple Group, Inc will post $4.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 14th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $2.32 dividend on an annualized basis and a yield of 2.64%. Dr Pepper Snapple Group’s dividend payout ratio is currently 55.64%.

About Dr Pepper Snapple Group

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

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