Covenant Multifamily Offices LLC reduced its position in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) by 10.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,381 shares of the company’s stock after selling 1,400 shares during the period. Dr Pepper Snapple Group makes up approximately 0.8% of Covenant Multifamily Offices LLC’s portfolio, making the stock its 29th largest position. Covenant Multifamily Offices LLC’s holdings in Dr Pepper Snapple Group were worth $1,202,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DPS. Virtu KCG Holdings LLC purchased a new position in Dr Pepper Snapple Group during the second quarter worth about $251,000. Raymond James Financial Services Advisors Inc. raised its holdings in Dr Pepper Snapple Group by 6.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 14,785 shares of the company’s stock worth $1,347,000 after purchasing an additional 904 shares in the last quarter. Bank of Nova Scotia raised its holdings in Dr Pepper Snapple Group by 691.5% during the second quarter. Bank of Nova Scotia now owns 41,791 shares of the company’s stock worth $3,808,000 after purchasing an additional 36,511 shares in the last quarter. Castleark Management LLC purchased a new position in Dr Pepper Snapple Group during the second quarter worth about $258,000. Finally, Koch Industries Inc. purchased a new position in Dr Pepper Snapple Group during the second quarter worth about $340,000. 90.74% of the stock is owned by hedge funds and other institutional investors.

Dr Pepper Snapple Group Inc. (NYSE:DPS) opened at $115.95 on Wednesday. Dr Pepper Snapple Group Inc. has a 1-year low of $83.23 and a 1-year high of $126.65. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.93 and a quick ratio of 0.74. The stock has a market cap of $20,983.30, a PE ratio of 29.06, a price-to-earnings-growth ratio of 2.16 and a beta of 0.79.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Wednesday, March 21st will be issued a $0.58 dividend. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.32 dividend on an annualized basis and a yield of 2.00%. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is presently 58.15%.

Several research analysts recently issued reports on DPS shares. Wells Fargo & Co raised shares of Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a report on Monday, October 23rd. Susquehanna Bancshares set a $89.00 price target on shares of Dr Pepper Snapple Group and gave the stock a “hold” rating in a report on Wednesday, October 25th. Royal Bank of Canada reissued a “hold” rating and set a $91.00 price target on shares of Dr Pepper Snapple Group in a report on Wednesday, October 25th. Stifel Nicolaus cut their price target on shares of Dr Pepper Snapple Group from $114.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, October 26th. Finally, Morgan Stanley cut their price target on shares of Dr Pepper Snapple Group from $104.00 to $96.00 and set an “overweight” rating for the company in a report on Thursday, October 26th. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $115.64.

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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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