Brandywine Global Investment Management LLC increased its holdings in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,860 shares of the company’s stock after purchasing an additional 3,370 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.06% of Dr Pepper Snapple Group worth $10,664,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC grew its stake in shares of Dr Pepper Snapple Group by 27.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 46,001 shares of the company’s stock worth $4,465,000 after purchasing an additional 10,000 shares during the last quarter. Amica Mutual Insurance Co. acquired a new position in Dr Pepper Snapple Group in the third quarter valued at $790,000. Victory Capital Management Inc. lifted its holdings in Dr Pepper Snapple Group by 7.7% in the third quarter. Victory Capital Management Inc. now owns 36,342 shares of the company’s stock valued at $3,215,000 after buying an additional 2,607 shares during the period. BlackRock Inc. lifted its holdings in Dr Pepper Snapple Group by 7.0% in the fourth quarter. BlackRock Inc. now owns 20,528,958 shares of the company’s stock valued at $1,992,541,000 after buying an additional 1,345,718 shares during the period. Finally, PGGM Investments lifted its holdings in Dr Pepper Snapple Group by 190.7% in the fourth quarter. PGGM Investments now owns 464,900 shares of the company’s stock valued at $45,123,000 after buying an additional 304,967 shares during the period. 92.94% of the stock is currently owned by institutional investors.
Several equities analysts recently issued reports on the stock. ValuEngine lowered shares of Dr Pepper Snapple Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Credit Suisse Group restated an “outperform” rating and issued a $128.00 target price (up previously from $107.00) on shares of Dr Pepper Snapple Group in a report on Wednesday, January 10th. BMO Capital Markets lowered shares of Dr Pepper Snapple Group from an “outperform” rating to a “market perform” rating and set a $125.00 target price on the stock. in a report on Thursday, February 1st. Sanford C. Bernstein restated a “market perform” rating and issued a $124.00 target price (up previously from $92.00) on shares of Dr Pepper Snapple Group in a report on Tuesday, January 30th. Finally, Zacks Investment Research upgraded shares of Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Fourteen analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $115.14.
Dr Pepper Snapple Group (NYSE:DPS) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $1.17 earnings per share for the quarter, meeting the consensus estimate of $1.17. Dr Pepper Snapple Group had a net margin of 16.08% and a return on equity of 37.05%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. sell-side analysts forecast that Dr Pepper Snapple Group Inc. will post 5.16 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Wednesday, March 21st will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.32 annualized dividend and a dividend yield of 1.97%. Dr Pepper Snapple Group’s dividend payout ratio is currently 54.46%.
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About Dr Pepper Snapple Group
Dr Pepper Snapple Group, Inc is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Mexico and Canada. The Company offers a diverse portfolio 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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