Palo Capital Inc. Cuts Stake in Dr Pepper Snapple Group, Inc (NYSE:DPS)

Palo Capital Inc. lowered its position in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 6.8% during the second quarter, Holdings Channel reports. The institutional investor owned 14,327 shares of the company’s stock after selling 1,050 shares during the period. Palo Capital Inc.’s holdings in Dr Pepper Snapple Group were worth $1,305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DPS. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Dr Pepper Snapple Group by 1.3% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,685 shares of the company’s stock worth $263,000 after buying an additional 35 shares in the last quarter. Cleararc Capital Inc. raised its position in shares of Dr Pepper Snapple Group by 1.0% in the first quarter. Cleararc Capital Inc. now owns 4,495 shares of the company’s stock worth $440,000 after buying an additional 46 shares in the last quarter. Hendley & Co. Inc. raised its position in shares of Dr Pepper Snapple Group by 0.3% in the first quarter. Hendley & Co. Inc. now owns 16,800 shares of the company’s stock worth $1,645,000 after buying an additional 50 shares in the last quarter. Baystate Wealth Management LLC raised its position in shares of Dr Pepper Snapple Group by 5.0% in the first quarter. Baystate Wealth Management LLC now owns 1,113 shares of the company’s stock worth $108,000 after buying an additional 53 shares in the last quarter. Finally, Raymond James Trust N.A. raised its position in shares of Dr Pepper Snapple Group by 1.0% in the first quarter. Raymond James Trust N.A. now owns 5,638 shares of the company’s stock worth $552,000 after buying an additional 55 shares in the last quarter. 90.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dr Pepper Snapple Group, Inc (DPS) traded down 0.04% during mid-day trading on Monday, hitting $90.28. The stock had a trading volume of 753,840 shares. The company has a 50 day moving average price of $92.52 and a 200 day moving average price of $93.14. Dr Pepper Snapple Group, Inc has a 12-month low of $81.05 and a 12-month high of $99.47. The firm has a market cap of $16.59 billion, a P/E ratio of 19.87 and a beta of 0.61.

Dr Pepper Snapple Group (NYSE:DPS) last issued its earnings results on Wednesday, April 26th. The company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.05. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Dr Pepper Snapple Group had a return on equity of 38.52% and a net margin of 13.03%. Dr Pepper Snapple Group’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 earnings per share. Equities analysts forecast that Dr Pepper Snapple Group, Inc will post $4.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Wednesday, June 14th were given a $0.58 dividend. The ex-dividend date was Monday, June 12th. This represents a $2.32 annualized dividend and a dividend yield of 2.57%. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is presently 51.10%.

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A number of analysts have commented on DPS shares. Zacks Investment Research upgraded Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research report on Tuesday, June 27th. Royal Bank Of Canada reiterated a “hold” rating and set a $91.00 target price on shares of Dr Pepper Snapple Group in a research report on Friday, June 9th. Cowen and Company reiterated a “hold” rating and set a $96.00 target price on shares of Dr Pepper Snapple Group in a research report on Friday. Jefferies Group LLC reiterated a “buy” rating and set a $112.00 target price on shares of Dr Pepper Snapple Group in a research report on Friday, June 23rd. Finally, Susquehanna Bancshares Inc set a $92.00 target price on Dr Pepper Snapple Group and gave the stock a “hold” rating in a research report on Saturday, May 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $98.29.

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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