Today, Alta Capital Management LLC Raises it position for Dr Pepper Snapple Group Inc. (DPS)

Today, Alta Capital Management LLC Raises it position for Dr Pepper Snapple Group Inc. (DPS)

Alta Capital Management LLC raised its position in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 1.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,441 shares of the company’s stock after buying an additional 255 shares during the period. Alta Capital Management LLC’s holdings in Dr Pepper Snapple Group were worth $1,683,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. increased its position in Dr Pepper Snapple Group by 36.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 21,043 shares of the company’s stock worth $1,883,000 after buying an additional 5,618 shares during the last quarter. Euclid Advisors LLC increased its position in Dr Pepper Snapple Group by 81.0% in the first quarter. Euclid Advisors LLC now owns 21,524 shares of the company’s stock worth $1,925,000 after buying an additional 9,634 shares during the last quarter. First Republic Investment Management Inc. increased its position in Dr Pepper Snapple Group by 5.5% in the first quarter. First Republic Investment Management Inc. now owns 27,336 shares of the company’s stock worth $2,445,000 after buying an additional 1,420 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in Dr Pepper Snapple Group during the first quarter worth about $283,000. Finally, British Columbia Investment Management Corp increased its position in Dr Pepper Snapple Group by 11.1% in the second quarter. British Columbia Investment Management Corp now owns 144,522 shares of the company’s stock worth $13,965,000 after buying an additional 14,491 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.

Dr Pepper Snapple Group Inc. (NYSE:DPS) traded up 0.92% during mid-day trading on Monday, reaching $88.83. The company had a trading volume of 1,329,241 shares. The stock has a market capitalization of $16.32 billion, a PE ratio of 19.29 and a beta of 0.55. The company’s 50-day moving average is $86.58 and its 200-day moving average is $91.89. Dr Pepper Snapple Group Inc. has a one year low of $81.05 and a one year high of $98.80.

Dr Pepper Snapple Group (NYSE:DPS) last posted its quarterly earnings results on Thursday, October 27th. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.06. Dr Pepper Snapple Group had a return on equity of 38.19% and a net margin of 13.53%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the business earned $1.08 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities research analysts anticipate that Dr Pepper Snapple Group Inc. will post $4.42 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Tuesday, December 13th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Friday, December 9th. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is currently 45.99%.

A number of research analysts recently issued reports on DPS shares. Susquehanna reiterated a “hold” rating and set a $98.00 price objective on shares of Dr Pepper Snapple Group in a report on Thursday, October 27th. Bank of America Corp. reiterated a “sell” rating and set a $85.00 price objective on shares of Dr Pepper Snapple Group in a report on Wednesday, October 5th. Zacks Investment Research upgraded Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a report on Tuesday, September 20th. Credit Suisse Group AG reiterated a “buy” rating on shares of Dr Pepper Snapple Group in a report on Monday, October 10th. Finally, Evercore ISI downgraded Dr Pepper Snapple Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $96.90.

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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