MetLife Investment Advisors LLC Purchases New Position in Dr Pepper Snapple Group Inc. (DPS)

MetLife Investment Advisors LLC purchased a new position in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 55,861 shares of the company’s stock, valued at approximately $5,422,000.

Several other hedge funds also recently modified their holdings of DPS. Raymond James Financial Services Advisors Inc. boosted its holdings in Dr Pepper Snapple Group by 4.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 15,471 shares of the company’s stock worth $1,369,000 after buying an additional 686 shares during the period. Assetmark Inc. boosted its holdings in Dr Pepper Snapple Group by 14.3% in the 3rd quarter. Assetmark Inc. now owns 8,533 shares of the company’s stock worth $754,000 after buying an additional 1,065 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Dr Pepper Snapple Group by 8.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,325 shares of the company’s stock worth $3,125,000 after buying an additional 2,842 shares during the period. Icon Advisers Inc. Co. boosted its holdings in Dr Pepper Snapple Group by 20.6% in the 3rd quarter. Icon Advisers Inc. Co. now owns 15,800 shares of the company’s stock worth $1,398,000 after buying an additional 2,700 shares during the period. Finally, Norinchukin Bank The boosted its holdings in Dr Pepper Snapple Group by 6.0% in the 3rd quarter. Norinchukin Bank The now owns 13,526 shares of the company’s stock worth $1,197,000 after buying an additional 770 shares during the period. Institutional investors own 92.79% of the company’s stock.

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DPS stock opened at $117.95 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.80. Dr Pepper Snapple Group Inc. has a fifty-two week low of $83.23 and a fifty-two week high of $126.65. The company has a market cap of $21,213.40, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 2.16 and a beta of 0.80.

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

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

Several research firms recently commented on DPS. BMO Capital Markets downgraded shares of Dr Pepper Snapple Group from an “outperform” rating to a “market perform” rating and set a $125.00 price objective for the company. in a report on Thursday, February 1st. Gabelli raised shares of Dr Pepper Snapple Group from a “hold” rating to a “buy” rating in a report on Thursday, February 1st. Morgan Stanley downgraded shares of Dr Pepper Snapple Group to an “equal weight” rating in a report on Wednesday, January 31st. Cowen reaffirmed a “hold” rating and issued a $128.00 price objective on shares of Dr Pepper Snapple Group in a report on Tuesday, January 30th. Finally, Deutsche Bank downgraded shares of Dr Pepper Snapple Group from a “buy” rating to a “hold” rating and raised their price objective for the stock from $114.00 to $123.00 in a report on Monday, January 29th. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $117.43.

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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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