Today: The 34,434 Shares of Dr Pepper Snapple Group Inc. (DPS) are sold by First Citizens Bank & Trust Co.

The 34,434 Shares of Dr Pepper Snapple Group Inc. (DPS) are sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. cut its position in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 25.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,993 shares of the company’s stock after selling 34,434 shares during the period. First Citizens Bank & Trust Co.’s holdings in Dr Pepper Snapple Group were worth $9,952,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cypress Capital Management LLC WY acquired a new position in Dr Pepper Snapple Group during the second quarter worth $101,000. FCM Investments TX purchased a new stake in Dr Pepper Snapple Group during the second quarter valued at approximately $135,000. Huntington National Bank raised its stake in Dr Pepper Snapple Group by 5.6% in the second quarter. Huntington National Bank now owns 1,428 shares of the company’s stock valued at $138,000 after buying an additional 76 shares during the last quarter. Stuart Chaussee & Associates Inc. raised its stake in Dr Pepper Snapple Group by 113.9% in the second quarter. Stuart Chaussee & Associates Inc. now owns 1,465 shares of the company’s stock valued at $140,000 after buying an additional 780 shares during the last quarter. Finally, Daiwa SB Investments Ltd. raised its stake in 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 valued at $181,000 after buying an additional 150 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) traded down 0.596% during midday trading on Friday, reaching $87.515. 944,391 shares of the company were exchanged. Dr Pepper Snapple Group Inc. has a 52-week low of $82.45 and a 52-week high of $98.80. The company has a market capitalization of $16.23 billion, a PE ratio of 20.040 and a beta of 0.36. The stock’s 50-day moving average price is $91.81 and its 200-day moving average price is $92.89.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 5th. Shareholders of record on Tuesday, September 13th were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Friday, September 9th. Dr Pepper Snapple Group’s dividend payout ratio is currently 48.51%.

DPS has been the topic of several analyst reports. Citigroup Inc. lifted their price target on shares of Dr Pepper Snapple Group from $97.00 to $102.00 and gave the company a “neutral” rating in a research report on Thursday, July 28th. Zacks Investment Research lowered shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Dr Pepper Snapple Group in a research report on Friday, July 15th. Goldman Sachs Group Inc. reaffirmed a “sell” rating and set a $95.00 price target (up previously from $89.00) on shares of Dr Pepper Snapple Group in a research report on Friday, July 15th. Finally, Credit Suisse Group AG initiated coverage on shares of Dr Pepper Snapple Group in a research report on Thursday, September 15th. They set an “outperform” rating and a $108.00 price target on the stock. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $96.50.

In other Dr Pepper Snapple Group news, insider David Thomas sold 2,000 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $97.20, for a total transaction of $194,400.00. Following the transaction, the insider now owns 40,000 shares of the company’s stock, valued at $3,888,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Martin M. Ellen sold 15,462 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $96.63, for a total transaction of $1,494,093.06. Following the transaction, the insider now directly owns 5,462 shares in the company, valued at approximately $527,793.06. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

About Dr Pepper Snapple Group

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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