Gabelli Funds LLC grew its holdings in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) by 2.9% during the second quarter, HoldingsChannel.com reports. The firm owned 888,600 shares of the company’s stock after purchasing an additional 25,300 shares during the quarter. Dr Pepper Snapple Group accounts for approximately 0.6% of Gabelli Funds LLC’s investment portfolio, making the stock its 21st largest holding. Gabelli Funds LLC’s holdings in Dr Pepper Snapple Group were worth $108,409,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Investec Asset Management LTD lifted its stake in shares of Dr Pepper Snapple Group by 7.0% during the 2nd quarter. Investec Asset Management LTD now owns 204,467 shares of the company’s stock worth $24,945,000 after purchasing an additional 13,302 shares during the period. FMR LLC lifted its stake in shares of Dr Pepper Snapple Group by 30.7% during the 2nd quarter. FMR LLC now owns 8,419,475 shares of the company’s stock worth $1,027,176,000 after purchasing an additional 1,976,937 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of Dr Pepper Snapple Group by 88.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 401,545 shares of the company’s stock worth $49,048,000 after purchasing an additional 188,517 shares during the period. Opera Trading Capital purchased a new position in shares of Dr Pepper Snapple Group during the 2nd quarter worth $244,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Dr Pepper Snapple Group by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 823,948 shares of the company’s stock worth $100,513,000 after purchasing an additional 4,924 shares during the period. 92.67% of the stock is currently owned by institutional investors.

Shares of DPS opened at $123.66 on Wednesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.62 and a current ratio of 0.77. The firm has a market capitalization of $22.29 billion, a P/E ratio of 27.24, a PEG ratio of 2.29 and a beta of 0.76. Dr Pepper Snapple Group Inc. has a twelve month low of $83.23 and a twelve month high of $126.65.

A number of brokerages have weighed in on DPS. Stephens reissued a “buy” rating on shares of Dr Pepper Snapple Group in a research note on Tuesday, July 10th. Zacks Investment Research lowered Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Finally, Stifel Nicolaus lowered Dr Pepper Snapple Group from a “buy” rating to a “hold” rating and set a $122.00 price target on the stock. in a research note on Monday, June 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $118.85.

In related news, Director Ronald G. Rogers sold 16,232 shares of the stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $120.00, for a total value of $1,947,840.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Derry L. Hobson sold 1,824 shares of the stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $120.00, for a total value of $218,880.00. Following the completion of the transaction, the insider now directly owns 7,047 shares in the company, valued at $845,640. The disclosure for this sale can be found here. Insiders sold a total of 63,983 shares of company stock worth $7,707,383 over the last ninety days. Corporate insiders own 0.58% of the company’s stock.

Dr Pepper Snapple Group Company Profile

Dr Pepper Snapple Group, Inc manufactures and distributes non-alcoholic beverages in the United States, Mexico and the Caribbean, and Canada. The company operates through three segments: Beverage Concentrates, Packaged Beverages, and Latin America Beverages. It offers flavored carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, mineral and coconut water, and mixers, as well as manufactures and sells Mott's apple sauces.

Featured Story: Diversification in Your Portfolio

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 & Ratings for Dr Pepper Snapple Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dr Pepper Snapple Group and related companies with MarketBeat.com's FREE daily email newsletter.