The LMR Partners LLP Cuts Stake in Dr Pepper Snapple Group Inc. (DPS)

The LMR Partners LLP Cuts Stake in Dr Pepper Snapple Group Inc. (DPS)

LMR Partners LLP reduced its position in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 77.3% during the second quarter, Holdings Channel reports. The firm owned 4,202 shares of the company’s stock after selling 14,303 shares during the period. LMR Partners LLP’s holdings in Dr Pepper Snapple Group were worth $406,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 1st Global Advisors Inc. raised its stake in shares of Dr Pepper Snapple Group by 0.5% in the second quarter. 1st Global Advisors Inc. now owns 12,444 shares of the company’s stock worth $1,202,000 after buying an additional 66 shares during the period. Huntington National Bank raised its stake in shares of Dr Pepper Snapple Group by 5.6% in the second quarter. Huntington National Bank now owns 1,428 shares of the company’s stock worth $138,000 after buying an additional 76 shares during the period. Loomis Sayles & Co. L P raised its stake in shares of Dr Pepper Snapple Group by 1.1% in the first quarter. Loomis Sayles & Co. L P now owns 10,810 shares of the company’s stock worth $967,000 after buying an additional 114 shares during the period. Daiwa SB Investments Ltd. raised its stake in shares of Dr Pepper Snapple Group by 8.5% in the second quarter. Daiwa SB Investments Ltd. now owns 1,920 shares of the company’s stock worth $181,000 after buying an additional 150 shares during the period. Finally, Creative Planning raised its stake in shares of Dr Pepper Snapple Group by 6.4% in the second quarter. Creative Planning now owns 4,601 shares of the company’s stock worth $445,000 after buying an additional 277 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) traded up 0.33% during midday trading on Wednesday, hitting $87.43. 1,138,984 shares of the stock were exchanged. The stock has a market cap of $16.21 billion, a P/E ratio of 20.02 and a beta of 0.36. The firm’s 50 day moving average price is $91.16 and its 200-day moving average price is $92.87. Dr Pepper Snapple Group Inc. has a 52-week low of $82.45 and a 52-week high of $98.80.

Dr Pepper Snapple Group (NYSE:DPS) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.05. Dr Pepper Snapple Group had a return on equity of 37.43% and a net margin of 13.04%. The firm earned $1.70 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the company earned $1.13 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. On average, equities research analysts expect that Dr Pepper Snapple Group Inc. will post $4.37 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 13th were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, September 9th. This represents a $2.12 annualized dividend and a dividend yield of 2.43%. Dr Pepper Snapple Group’s payout ratio is presently 48.51%.

A number of brokerages have commented on DPS. Wells Fargo & Co. restated a “market perform” rating and set a $92.00 price target (up previously from $90.00) on shares of Dr Pepper Snapple Group in a research note on Sunday, July 31st. Susquehanna reiterated a “hold” rating and issued a $99.00 target price on shares of Dr Pepper Snapple Group in a research note on Tuesday, July 26th. BMO Capital Markets reiterated a “market perform” rating on shares of Dr Pepper Snapple Group in a research note on Friday, July 15th. Goldman Sachs Group Inc. reiterated a “sell” rating and issued a $95.00 target price (up previously from $89.00) on shares of Dr Pepper Snapple Group in a research note on Friday, July 15th. Finally, Zacks Investment Research upgraded shares of Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 19th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $96.50.

In other news, insider David Thomas sold 2,000 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $97.20, for a total transaction of $194,400.00. Following the completion of the transaction, the insider now directly owns 40,000 shares in the company, valued at $3,888,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Martin M. Ellen sold 15,462 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $96.63, for a total value of $1,494,093.06. Following the transaction, the insider now owns 5,462 shares of the company’s stock, valued at $527,793.06. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Dr Pepper Snapple Group Company Profile

Dr Pepper Snapple Group, Inc is an owner, manufacturer and distributor of non-alcoholic beverages in the United States, Canada and Mexico. The Company’s products consist 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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