Stone Ridge Asset Management LLC Acquires Shares of 7,084 Dr Pepper Snapple Group Inc. (DPS)

Stone Ridge Asset Management LLC acquired a new position in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,084 shares of the company’s stock, valued at approximately $688,000.

A number of other hedge funds also recently modified their holdings of DPS. Amica Retiree Medical Trust acquired a new stake in shares of Dr Pepper Snapple Group in the third quarter valued at approximately $110,000. Aevitas Wealth Management Inc. acquired a new stake in shares of Dr Pepper Snapple Group in the fourth quarter valued at approximately $136,000. James Hambro & Partners acquired a new stake in shares of Dr Pepper Snapple Group in the fourth quarter valued at approximately $175,000. Sawyer & Company Inc acquired a new stake in shares of Dr Pepper Snapple Group in the fourth quarter valued at approximately $205,000. Finally, Cue Financial Group Inc. acquired a new stake in shares of Dr Pepper Snapple Group in the fourth quarter valued at approximately $205,000. Hedge funds and other institutional investors own 92.79% of the company’s stock.

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A number of research firms have recently weighed in on DPS. ValuEngine upgraded shares of Dr Pepper Snapple Group from a “hold” rating to a “buy” rating in a research report on Monday, March 19th. Royal Bank of Canada upgraded shares of Dr Pepper Snapple Group from a “sector perform” rating to an “outperform” rating and dropped their price target for the company from $135.00 to $125.00 in a research report on Monday, March 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $122.00 price target (down from $124.00) on shares of Dr Pepper Snapple Group in a research report on Wednesday, March 14th. Jefferies Group downgraded shares of Dr Pepper Snapple Group from a “buy” rating to a “hold” rating and set a $111.00 price target for the company. in a research report on Friday, February 16th. Finally, BMO Capital Markets decreased their price objective on shares of Dr Pepper Snapple Group from $125.00 to $122.00 and set a “market perform” rating on the stock in a research note on Thursday, February 15th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $117.43.

DPS stock opened at $117.95 on Friday. The stock has a market cap of $21,213.40, a P/E ratio of 19.99, a P/E/G ratio of 2.16 and a beta of 0.80. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.90 and a quick ratio of 0.72. Dr Pepper Snapple Group Inc. has a one year low of $83.23 and a one year high of $126.65.

Dr Pepper Snapple Group (NYSE:DPS) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $1.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.17. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Dr Pepper Snapple Group had a net margin of 16.08% and a return on equity of 37.05%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. equities analysts anticipate that Dr Pepper Snapple Group Inc. will post 5.09 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Wednesday, March 21st will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.97%. Dr Pepper Snapple Group’s payout ratio is presently 39.32%.

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Dr Pepper Snapple Group 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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