Forsta AP Fonden lowered its stake in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) by 15.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,921 shares of the company’s stock after selling 11,100 shares during the quarter. Forsta AP Fonden’s holdings in Dr Pepper Snapple Group were worth $6,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Amica Retiree Medical Trust acquired a new stake in Dr Pepper Snapple Group during the third quarter worth approximately $110,000. Sawyer & Company Inc acquired a new stake in Dr Pepper Snapple Group during the fourth quarter worth approximately $205,000. Cue Financial Group Inc. acquired a new stake in Dr Pepper Snapple Group during the fourth quarter worth approximately $205,000. Autus Asset Management LLC acquired a new stake in Dr Pepper Snapple Group during the fourth quarter worth approximately $213,000. Finally, First Manhattan Co. raised its holdings in Dr Pepper Snapple Group by 83.7% during the fourth quarter. First Manhattan Co. now owns 2,337 shares of the company’s stock worth $226,000 after purchasing an additional 1,065 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors.

Dr Pepper Snapple Group Inc. (NYSE:DPS) opened at $114.91 on Thursday. The company has a market cap of $20,841.30, a price-to-earnings ratio of 26.35, a PEG ratio of 2.15 and a beta of 0.79. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Wednesday, March 21st will be issued a $0.58 dividend. The ex-dividend date is Tuesday, March 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.02%. Dr Pepper Snapple Group’s payout ratio is 58.15%.

A number of analysts have weighed in on the stock. Credit Suisse Group reissued an “outperform” rating and set a $128.00 price objective (up previously from $107.00) on shares of Dr Pepper Snapple Group in a report on Wednesday, January 10th. Sanford C. Bernstein reissued a “market perform” rating and set a $124.00 price objective (up previously from $92.00) on shares of Dr Pepper Snapple Group in a report on Tuesday, January 30th. 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. Zacks Investment Research raised shares of Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $115.00 target price on shares of Dr Pepper Snapple Group in a report on Monday, January 29th. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus 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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