Cornerstone Capital Management Holdings LLC. lowered its position in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 57.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 106,553 shares of the company’s stock after selling 142,701 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned about 0.06% of Dr Pepper Snapple Group worth $9,707,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Dr Pepper Snapple Group by 2.9% in the second quarter. Vanguard Group Inc. now owns 18,408,234 shares of the company’s stock valued at $1,677,174,000 after purchasing an additional 510,155 shares during the period. BlackRock Inc. grew its holdings in shares of Dr Pepper Snapple Group by 4.9% in the second quarter. BlackRock Inc. now owns 17,172,007 shares of the company’s stock valued at $1,564,543,000 after purchasing an additional 802,560 shares during the period. State Street Corp grew its holdings in shares of 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 valued at $832,832,000 after purchasing an additional 34,155 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Dr Pepper Snapple Group by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 8,399,141 shares of the company’s stock valued at $765,245,000 after purchasing an additional 75,164 shares during the period. Finally, FMR LLC grew its holdings in shares of Dr Pepper Snapple Group by 4.7% in the second quarter. FMR LLC now owns 2,984,283 shares of the company’s stock valued at $271,898,000 after purchasing an additional 134,256 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

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

DPS has been the subject of a number of analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $112.00 price objective on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. Credit Suisse Group reissued a “buy” rating on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. BMO Capital Markets reissued a “buy” rating and issued a $105.00 price objective on shares of Dr Pepper Snapple Group in a report on Wednesday, July 12th. Cowen and Company reissued a “hold” rating and issued a $96.00 price objective on shares of Dr Pepper Snapple Group in a report on Friday, July 14th. Finally, Susquehanna Bancshares Inc set a $96.00 price objective on shares of Dr Pepper Snapple Group and gave the company a “hold” rating in a report on Thursday, July 27th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Dr Pepper Snapple Group presently has a consensus rating of “Hold” and an average price target of $100.00.

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Shares of Dr Pepper Snapple Group, Inc (NYSE DPS) traded down 0.37% on Monday, reaching $87.93. 155,686 shares of the company’s stock traded hands. The stock has a market capitalization of $15.98 billion, a price-to-earnings ratio of 21.09 and a beta of 0.61. Dr Pepper Snapple Group, Inc has a 52 week low of $81.05 and a 52 week high of $99.47. The stock’s 50-day moving average price is $90.30 and its 200-day moving average price is $92.31.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Thursday, September 14th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Wednesday, September 13th. Dr Pepper Snapple Group’s dividend payout ratio is currently 55.64%.

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.

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

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