Candriam Luxembourg S.C.A. boosted its position in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) by 9.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,036 shares of the company’s stock after buying an additional 1,901 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Dr Pepper Snapple Group were worth $1,917,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in the stock. Huntington National Bank raised its stake in Dr Pepper Snapple Group by 5.4% in the first quarter. Huntington National Bank now owns 1,100 shares of the company’s stock worth $108,000 after buying an additional 56 shares during the last quarter. Oakbrook Investments LLC purchased a new stake in Dr Pepper Snapple Group during the first quarter worth $764,000. Nisa Investment Advisors LLC raised its stake in Dr Pepper Snapple Group by 3.0% in the first quarter. Nisa Investment Advisors LLC now owns 31,221 shares of the company’s stock worth $3,057,000 after buying an additional 895 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Dr Pepper Snapple Group during the first quarter worth $223,000. Finally, DnB Asset Management AS raised its stake in Dr Pepper Snapple Group by 23.0% in the first quarter. DnB Asset Management AS now owns 27,847 shares of the company’s stock worth $2,727,000 after buying an additional 5,200 shares during the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.
Dr Pepper Snapple Group, Inc (NYSE DPS) opened at 90.38 on Friday. Dr Pepper Snapple Group, Inc has a one year low of $81.05 and a one year high of $99.47. The firm’s 50-day moving average is $90.89 and its 200 day moving average is $93.14. The firm has a market capitalization of $16.42 billion, a price-to-earnings ratio of 21.67 and a beta of 0.60.
Dr Pepper Snapple Group (NYSE:DPS) last released its earnings results on Thursday, July 27th. The company reported $1.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by $0.03. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.77 billion. Dr Pepper Snapple Group had a net margin of 11.73% and a return on equity of 38.28%. Dr Pepper Snapple Group’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 earnings per share. Analysts forecast that Dr Pepper Snapple Group, Inc will post $4.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 14th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.57%. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is presently 55.64%.
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A number of research firms recently weighed in on DPS. Jefferies Group LLC reaffirmed a “buy” rating and set a $116.00 price target (up from $115.00) on shares of Dr Pepper Snapple Group in a report on Tuesday, April 18th. Susquehanna Bancshares Inc set a $92.00 price target on shares of Dr Pepper Snapple Group and gave the company a “hold” rating in a report on Saturday, May 27th. Zacks Investment Research raised shares of Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a report on Tuesday, June 27th. Credit Suisse Group reaffirmed a “buy” rating on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. Finally, BMO Capital Markets raised shares of Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $98.00 to $105.00 in a report on Wednesday, June 7th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $99.64.
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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