Municipal Employees Retirement System of Michigan decreased its position in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 20.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,690 shares of the company’s stock after selling 1,210 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Dr Pepper Snapple Group were worth $415,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Strs Ohio increased its position in shares of Dr Pepper Snapple Group by 12.2% during the second quarter. Strs Ohio now owns 13,987 shares of the company’s stock valued at $1,274,000 after buying an additional 1,522 shares during the period. Janney Montgomery Scott LLC boosted its stake in Dr Pepper Snapple Group by 5.0% during the second quarter. Janney Montgomery Scott LLC now owns 5,725 shares of the company’s stock worth $522,000 after acquiring an additional 272 shares in the last quarter. Rothschild Asset Management Inc. boosted its stake in Dr Pepper Snapple Group by 11.1% during the second quarter. Rothschild Asset Management Inc. now owns 9,359 shares of the company’s stock worth $853,000 after acquiring an additional 932 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Dr Pepper Snapple Group by 6.2% during the second quarter. Daiwa Securities Group Inc. now owns 5,174 shares of the company’s stock worth $471,000 after acquiring an additional 300 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Dr Pepper Snapple Group by 42.8% during the second quarter. Sei Investments Co. now owns 115,050 shares of the company’s stock worth $10,483,000 after acquiring an additional 34,467 shares in the last quarter. Hedge funds and other institutional investors own 91.12% of the company’s stock.

Several research firms recently commented on DPS. BidaskClub raised shares of Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. BMO Capital Markets reissued a “buy” rating and set a $105.00 price objective on shares of Dr Pepper Snapple Group in a research note on Wednesday, September 6th. Macquarie began coverage on shares of Dr Pepper Snapple Group in a research note on Friday, September 15th. They issued a “neutral” rating and a $95.00 target price on the stock. Susquehanna Bancshares set a $89.00 target price on shares of Dr Pepper Snapple Group and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, Zacks Investment Research downgraded shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $99.45.

Shares of Dr Pepper Snapple Group Inc. (NYSE DPS) traded down $0.85 during trading on Friday, reaching $94.10. 1,323,900 shares of the company were exchanged, compared to its average volume of 1,189,222. The company has a market capitalization of $16,990.00, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 2.39 and a beta of 0.59. Dr Pepper Snapple Group Inc. has a 12 month low of $83.23 and a 12 month high of $99.47. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 2.07.

Dr Pepper Snapple Group (NYSE:DPS) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.06). Dr Pepper Snapple Group had a net margin of 11.06% and a return on equity of 37.53%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the company earned $1.17 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. equities research analysts predict that Dr Pepper Snapple Group Inc. will post 4.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th will be issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, December 13th. This represents a $2.32 dividend on an annualized basis and a yield of 2.47%. Dr Pepper Snapple Group’s dividend payout ratio is currently 58.15%.

WARNING: This piece of content was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/12/08/municipal-employees-retirement-system-of-michigan-has-415000-holdings-in-dr-pepper-snapple-group-inc-dps.html.

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.

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.