Todays Report: The Raymond James Trust N.A. Reduces Stake in Dr Pepper Snapple Group Inc. (DPS)

The Raymond James Trust N.A. Reduces Stake in Dr Pepper Snapple Group Inc. (DPS)

Raymond James Trust N.A. lowered its stake in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) by 9.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,015 shares of the company’s stock after selling 624 shares during the period. Raymond James Trust N.A.’s holdings in Dr Pepper Snapple Group were worth $549,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Creative Planning increased its position 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 valued at $445,000 after buying an additional 277 shares during the period. Atria Investments LLC bought a new position in shares of Dr Pepper Snapple Group during the second quarter valued at approximately $400,000. BKD Wealth Advisors LLC bought a new position in shares of Dr Pepper Snapple Group during the second quarter valued at approximately $230,000. Stuart Chaussee & Associates Inc. increased its position in shares of 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 period. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of Dr Pepper Snapple Group by 0.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 160,235 shares of the company’s stock valued at $15,484,000 after buying an additional 575 shares during the period. Institutional investors own 92.55% of the company’s stock.

Shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) traded up 0.87% on Friday, hitting $88.02. The company’s stock had a trading volume of 828,206 shares. The stock’s 50-day moving average price is $86.54 and its 200-day moving average price is $91.98. Dr Pepper Snapple Group Inc. has a 52 week low of $81.05 and a 52 week high of $98.80. The firm has a market cap of $16.17 billion, a price-to-earnings ratio of 19.11 and a beta of 0.55.

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 the Thomson Reuters’ consensus estimate of $1.11 by $0.06. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.31 billion. Dr Pepper Snapple Group had a return on equity of 38.19% and a net margin of 13.53%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.08 EPS. Equities analysts expect that Dr Pepper Snapple Group Inc. will post $4.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Tuesday, December 13th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, December 9th. Dr Pepper Snapple Group’s payout ratio is presently 45.99%.

Several brokerages have commented on DPS. Wells Fargo & Co. reiterated 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 report on Sunday, July 31st. Susquehanna reiterated a “hold” rating on shares of Dr Pepper Snapple Group in a report on Wednesday, September 7th. Zacks Investment Research cut Dr Pepper Snapple Group from a “buy” rating to a “hold” rating in a research report on Friday, September 23rd. Evercore ISI cut Dr Pepper Snapple Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Finally, Credit Suisse Group AG assumed coverage on Dr Pepper Snapple Group in a research report on Thursday, September 15th. They issued an “outperform” rating and a $108.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price 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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