Dr Pepper Snapple Group Inc. (NYSE:DPS) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 510,800 shares of the company’s stock after selling 14,400 shares during the period. New York State Common Retirement Fund owned about 0.28% of Dr Pepper Snapple Group worth $45,190,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Acrospire Investment Management LLC raised its stake in Dr Pepper Snapple Group by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock valued at $109,000 after buying an additional 600 shares during the period. Parallel Advisors LLC grew its position in Dr Pepper Snapple Group by 34.9% during the second quarter. Parallel Advisors LLC now owns 1,211 shares of the company’s stock worth $110,000 after buying an additional 313 shares in the last quarter. Sun Life Financial INC grew its position in Dr Pepper Snapple Group by 13,360.0% during the second quarter. Sun Life Financial INC now owns 1,346 shares of the company’s stock worth $123,000 after buying an additional 1,336 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Dr Pepper Snapple Group by 6.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,926 shares of the company’s stock worth $175,000 after buying an additional 120 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new stake in Dr Pepper Snapple Group during the second quarter worth approximately $182,000. 91.07% of the stock is owned by institutional investors.

Shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) traded up $0.17 during mid-day trading on Friday, hitting $97.06. 1,075,784 shares of the stock traded hands, compared to its average volume of 1,233,592. The company has a market cap of $17,492.67, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 2.44 and a beta of 0.59. Dr Pepper Snapple Group Inc. has a 12-month low of $83.23 and a 12-month high of $99.47. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 2.07.

Dr Pepper Snapple Group (NYSE:DPS) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.06). Dr Pepper Snapple Group had a net margin of 11.06% and a return on equity of 37.53%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm posted $1.17 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. equities analysts expect that Dr Pepper Snapple Group Inc. will post 4.53 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Thursday, December 14th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.39%. Dr Pepper Snapple Group’s dividend payout ratio is presently 58.15%.

A number of research analysts have recently commented on the company. Wells Fargo & Co upgraded Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a research note on Monday, October 23rd. Deutsche Bank initiated coverage on Dr Pepper Snapple Group in a research report on Wednesday, December 13th. They issued a “buy” rating and a $104.00 price objective for the company. BMO Capital Markets reissued a “buy” rating and issued a $105.00 price objective on shares of Dr Pepper Snapple Group in a research report on Friday, October 27th. Susquehanna Bancshares set a $89.00 target price on Dr Pepper Snapple Group and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, Jefferies Group cut their price target on Dr Pepper Snapple Group from $112.00 to $111.00 and set a “buy” rating for the company in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Dr Pepper Snapple Group currently has an average rating of “Hold” and an average target price of $99.83.

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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.

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

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