Veritable L.P. decreased its holdings in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 10.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,875 shares of the company’s stock after selling 788 shares during the quarter. Veritable L.P.’s holdings in Dr Pepper Snapple Group were worth $626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Private Bank & Trust Co. boosted its stake in Dr Pepper Snapple Group by 1.0% in the second quarter. Private Bank & Trust Co. now owns 3,184 shares of the company’s stock worth $290,000 after purchasing an additional 30 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Dr Pepper Snapple Group by 1.3% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,685 shares of the company’s stock worth $263,000 after purchasing an additional 35 shares during the last quarter. Cleararc Capital Inc. grew its holdings in shares of Dr Pepper Snapple Group by 1.0% during the first quarter. Cleararc Capital Inc. now owns 4,495 shares of the company’s stock worth $440,000 after purchasing an additional 46 shares during the last quarter. Greenwood Capital Associates LLC grew its holdings in shares of Dr Pepper Snapple Group by 1.4% during the second quarter. Greenwood Capital Associates LLC now owns 3,534 shares of the company’s stock worth $322,000 after purchasing an additional 49 shares during the last quarter. Finally, Hendley & Co. Inc. grew its holdings in shares of Dr Pepper Snapple Group by 0.3% during the first quarter. Hendley & Co. Inc. now owns 16,800 shares of the company’s stock worth $1,645,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Shares of Dr Pepper Snapple Group, Inc (DPS) opened at 88.47 on Monday. Dr Pepper Snapple Group, Inc has a 12 month low of $81.05 and a 12 month high of $99.47. The firm has a market cap of $16.08 billion, a PE ratio of 21.22 and a beta of 0.61. The stock’s 50 day moving average is $91.26 and its 200 day moving average is $92.90.

Dr Pepper Snapple Group (NYSE:DPS) last released its quarterly earnings data on Thursday, July 27th. The company reported $1.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by ($0.03). The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.77 billion. Dr Pepper Snapple Group had a net margin of 11.73% and a return on equity of 38.28%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $1.25 EPS. Analysts forecast that Dr Pepper Snapple Group, Inc will post $4.60 EPS for the current fiscal year.

The company also recently announced 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. 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 2.62%. Dr Pepper Snapple Group’s payout ratio is presently 55.64%.

In other news, insider Angela A. Stephens sold 3,160 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $92.51, for a total transaction of $292,331.60. Following the sale, the insider now directly owns 16,913 shares in the company, valued at $1,564,621.63. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Angela A. Stephens sold 7,700 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $91.12, for a total value of $701,624.00. Following the sale, the insider now owns 6,053 shares in the company, valued at $551,549.36. The disclosure for this sale can be found here. 0.58% of the stock is owned by corporate insiders.

A number of research analysts recently issued reports on DPS shares. BidaskClub raised Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Jefferies Group LLC reissued a “buy” rating and set a $112.00 price objective on shares of Dr Pepper Snapple Group in a report on Tuesday, August 1st. Susquehanna Bancshares Inc set a $96.00 price objective on shares of Dr Pepper Snapple Group and gave the stock a “hold” rating in a report on Thursday, July 27th. Royal Bank Of Canada restated a “hold” rating and issued a $91.00 price objective on shares of Dr Pepper Snapple Group in a research report on Friday, June 9th. Finally, BMO Capital Markets restated a “buy” rating and issued a $105.00 price objective on shares of Dr Pepper Snapple Group in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $99.25.

TRADEMARK VIOLATION NOTICE: This article was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://www.thecerbatgem.com/2017/10/02/dr-pepper-snapple-group-inc-dps-shares-sold-by-veritable-l-p.html.

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.

Want to see what other hedge funds are holding DPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dr Pepper Snapple Group, Inc (NYSE:DPS).

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.