Dr Pepper Snapple Group, Inc (NYSE:DPS) Stake Boosted by Sei Investments Co.

Sei Investments Co. raised its stake in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 42.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 115,050 shares of the company’s stock after buying an additional 34,467 shares during the period. Sei Investments Co.’s holdings in Dr Pepper Snapple Group were worth $10,483,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Dr Pepper Snapple Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 17,898,079 shares of the company’s stock valued at $1,752,580,000 after buying an additional 522,751 shares during the last quarter. BlackRock Inc. boosted its position in Dr Pepper Snapple Group by 1,517.3% in the first quarter. BlackRock Inc. now owns 16,369,447 shares of the company’s stock valued at $1,602,895,000 after buying an additional 15,357,318 shares during the last quarter. State Street Corp boosted its position in Dr Pepper Snapple Group by 0.4% in the first quarter. State Street Corp now owns 8,505,213 shares of the company’s stock valued at $832,832,000 after buying an additional 34,155 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Dr Pepper Snapple Group by 6.0% in the first quarter. JPMorgan Chase & Co. now owns 8,323,977 shares of the company’s stock valued at $815,084,000 after buying an additional 474,447 shares during the last quarter. Finally, Fundsmith LLP boosted its position in Dr Pepper Snapple Group by 0.5% in the first quarter. Fundsmith LLP now owns 5,329,086 shares of the company’s stock valued at $521,824,000 after buying an additional 24,232 shares during the last quarter. 90.74% of the stock is owned by institutional investors.

Shares of Dr Pepper Snapple Group, Inc (NYSE DPS) opened at 90.38 on Friday. Dr Pepper Snapple Group, Inc has a 52 week low of $81.05 and a 52 week high of $99.47. The stock has a market capitalization of $16.42 billion, a P/E ratio of 21.67 and a beta of 0.60. The company has a 50-day moving average price of $90.89 and a 200 day moving average price of $93.14.

Dr Pepper Snapple Group (NYSE:DPS) last posted its earnings results on Thursday, July 27th. The company reported $1.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by $0.03. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.77 billion. Dr Pepper Snapple Group had a return on equity of 38.28% and a net margin of 11.73%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.25 earnings per share. Analysts forecast that Dr Pepper Snapple Group, Inc will post $4.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 14th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.57%. Dr Pepper Snapple Group’s dividend payout ratio is presently 55.64%.

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Several analysts have recently weighed in on DPS shares. Cowen and Company restated a “hold” rating and issued a $96.00 price objective on shares of Dr Pepper Snapple Group in a report on Friday, July 14th. BidaskClub lowered Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Jefferies Group LLC restated a “buy” rating and issued a $116.00 price objective (up previously from $115.00) on shares of Dr Pepper Snapple Group in a report on Tuesday, April 18th. UBS AG upped their price objective on Dr Pepper Snapple Group from $98.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, July 28th. Finally, Credit Suisse Group restated a “buy” rating on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Dr Pepper Snapple Group currently has a consensus rating of “Hold” and a consensus price target of $99.64.

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.

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Institutional Ownership by Quarter for Dr Pepper Snapple Group (NYSE:DPS)

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