Dr Pepper Snapple Group Inc. (DPS) Shares Sold by BlackRock Inc.

BlackRock Inc. lowered its position in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 19.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,479,417 shares of the company’s stock after selling 4,049,541 shares during the quarter. BlackRock Inc. owned about 9.14% of Dr Pepper Snapple Group worth $1,950,832,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its holdings in shares of Dr Pepper Snapple Group by 3.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 16,883 shares of the company’s stock worth $1,998,000 after purchasing an additional 570 shares during the period. Daiwa Securities Group Inc. increased its stake in Dr Pepper Snapple Group by 13.3% in the first quarter. Daiwa Securities Group Inc. now owns 6,027 shares of the company’s stock valued at $713,000 after acquiring an additional 708 shares during the last quarter. Dean Investment Associates LLC increased its stake in Dr Pepper Snapple Group by 9.6% in the first quarter. Dean Investment Associates LLC now owns 8,582 shares of the company’s stock valued at $1,016,000 after acquiring an additional 751 shares during the last quarter. LPL Financial LLC increased its stake in Dr Pepper Snapple Group by 5.6% in the fourth quarter. LPL Financial LLC now owns 14,233 shares of the company’s stock valued at $1,381,000 after acquiring an additional 752 shares during the last quarter. Finally, Gyroscope Capital Management Group LLC increased its stake in Dr Pepper Snapple Group by 25.1% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 4,038 shares of the company’s stock valued at $392,000 after acquiring an additional 810 shares during the last quarter. 93.25% of the stock is currently owned by hedge funds and other institutional investors.

Dr Pepper Snapple Group opened at $120.24 on Thursday, according to MarketBeat. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.66. Dr Pepper Snapple Group Inc. has a 12-month low of $83.23 and a 12-month high of $126.65. The stock has a market cap of $21.58 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 2.24 and a beta of 0.74.

Dr Pepper Snapple Group (NYSE:DPS) last posted its quarterly earnings results on Wednesday, April 25th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.05). Dr Pepper Snapple Group had a net margin of 15.62% and a return on equity of 35.49%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.57 billion. sell-side analysts predict that Dr Pepper Snapple Group Inc. will post 5.1 earnings per share for the current fiscal year.

A number of research firms recently commented on DPS. Zacks Investment Research raised Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a research note on Friday, April 27th. ValuEngine raised Dr Pepper Snapple Group from a “hold” rating to a “buy” rating in a research note on Monday, March 19th. Royal Bank of Canada raised Dr Pepper Snapple Group from a “sector perform” rating to an “outperform” rating and reduced their target price for the company from $135.00 to $125.00 in a research note on Monday, March 19th. Stifel Nicolaus reissued a “buy” rating and issued a $122.00 target price (down previously from $124.00) on shares of Dr Pepper Snapple Group in a research note on Wednesday, March 14th. Finally, Jefferies Group cut Dr Pepper Snapple Group from a “buy” rating to a “hold” rating and set a $111.00 target price on the stock. in a research note on Friday, February 16th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $117.43.

Dr Pepper Snapple Group Profile

Dr Pepper Snapple Group, Inc manufactures and distributes non-alcoholic beverages in the United States, Mexico and the Caribbean, and Canada. The company operates through three segments: Beverage Concentrates, Packaged Beverages, and Latin America Beverages. It offers flavored carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, mineral and coconut water, and mixers, as well as manufactures and sells Mott's apple sauces.

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

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