Prudential PLC maintained its position in Dr Pepper Snapple Group, Inc (NYSE:DPS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,200 shares of the company’s stock at the close of the 2nd quarter. Prudential PLC’s holdings in Dr Pepper Snapple Group were worth $929,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its holdings in Dr Pepper Snapple Group by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock worth $109,000 after buying an additional 600 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Dr Pepper Snapple Group by 34.9% during the second quarter. Parallel Advisors LLC now owns 1,211 shares of the company’s stock worth $110,000 after buying an additional 313 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Dr Pepper Snapple Group during the first quarter worth about $113,000. Financial Architects Inc boosted its holdings in Dr Pepper Snapple Group by 4.8% during the second quarter. Financial Architects Inc now owns 1,322 shares of the company’s stock worth $121,000 after buying an additional 61 shares in the last quarter. Finally, Sun Life Financial INC boosted its holdings in Dr Pepper Snapple Group by 13,360.0% during the second quarter. Sun Life Financial INC now owns 1,346 shares of the company’s stock worth $123,000 after buying an additional 1,336 shares in the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) opened at 88.61 on Wednesday. Dr Pepper Snapple Group, Inc has a one year low of $81.05 and a one year high of $99.47. The firm has a 50 day moving average of $90.13 and a 200 day moving average of $92.12. The stock has a market cap of $16.10 billion, a P/E ratio of 21.25 and a beta of 0.61.

Dr Pepper Snapple Group (NYSE:DPS) last announced its earnings results on Thursday, July 27th. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.03). Dr Pepper Snapple Group had a return on equity of 38.28% and a net margin of 11.73%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the business earned $1.25 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts predict 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 was paid on Thursday, October 5th. Shareholders of record on Thursday, September 14th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Wednesday, September 13th. Dr Pepper Snapple Group’s payout ratio is 55.64%.

In related news, insider Angela A. Stephens sold 7,700 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $91.12, for a total transaction of $701,624.00. Following the transaction, the insider now owns 6,053 shares of the company’s stock, valued at $551,549.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Angela A. Stephens sold 3,160 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,564,621.63. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.

DPS has been the topic of a number of research analyst reports. Cowen and Company reissued a “hold” rating and set a $96.00 price objective on shares of Dr Pepper Snapple Group in a report on Friday, July 14th. BidaskClub downgraded shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. 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. UBS AG boosted their price objective on shares of Dr Pepper Snapple Group from $98.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, July 28th. Finally, Credit Suisse Group reaffirmed a “buy” rating on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $100.00.

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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