PNC Financial Services Group Inc. Sells 68,178 Shares of Dr Pepper Snapple Group, Inc (DPS)

PNC Financial Services Group Inc. lowered its holdings in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,390,738 shares of the company’s stock after selling 68,178 shares during the period. PNC Financial Services Group Inc. owned about 0.77% of Dr Pepper Snapple Group worth $126,708,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Profund Advisors LLC boosted its stake in Dr Pepper Snapple Group by 27.1% during the second quarter. Profund Advisors LLC now owns 5,569 shares of the company’s stock worth $507,000 after buying an additional 1,187 shares in the last quarter. Laurion Capital Management LP boosted its stake in Dr Pepper Snapple Group by 1,026.1% during the second quarter. Laurion Capital Management LP now owns 25,900 shares of the company’s stock worth $2,360,000 after buying an additional 23,600 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Dr Pepper Snapple Group during the second quarter worth $3,066,000. Amalgamated Bank boosted its stake in Dr Pepper Snapple Group by 54.4% during the second quarter. Amalgamated Bank now owns 21,620 shares of the company’s stock worth $1,970,000 after buying an additional 7,616 shares in the last quarter. Finally, Nicholas Company Inc. acquired a new stake in Dr Pepper Snapple Group during the second quarter worth $19,764,000. Hedge funds and other institutional investors own 90.36% of the company’s stock.

Shares of Dr Pepper Snapple Group, Inc (NYSE DPS) traded down 0.05% on Friday, hitting $91.54. The company’s stock had a trading volume of 1,672,944 shares. The stock’s 50-day moving average price is $91.21 and its 200-day moving average price is $92.94. The firm has a market cap of $16.64 billion, a price-to-earnings ratio of 21.95 and a beta of 0.61. Dr Pepper Snapple Group, Inc has a 52 week low of $81.05 and a 52 week high of $99.47.

Dr Pepper Snapple Group (NYSE:DPS) last released its earnings results on Thursday, July 27th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.03). The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.77 billion. Dr Pepper Snapple Group had a return on equity of 38.28% and a net margin of 11.73%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $1.25 earnings per share. Equities analysts expect that Dr Pepper Snapple Group, Inc will post $4.63 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 14th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, September 13th. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is currently 55.64%.

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In other news, insider Angela A. Stephens sold 3,160 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $92.51, for a total transaction of $292,331.60. Following the sale, the insider now directly owns 16,913 shares of the company’s stock, valued at approximately $1,564,621.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Angela A. Stephens sold 7,700 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $91.12, for a total value of $701,624.00. Following the sale, the insider now directly owns 6,053 shares in the company, valued at $551,549.36. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

DPS has been the topic of a number of recent research reports. Cowen and Company reiterated a “hold” rating and set a $96.00 price target on shares of Dr Pepper Snapple Group in a research note on Friday, July 14th. BidaskClub downgraded shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Jefferies Group LLC reiterated a “buy” rating and set a $112.00 price target on shares of Dr Pepper Snapple Group in a research note on Tuesday, August 1st. UBS AG lifted their price target on shares of Dr Pepper Snapple Group from $98.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, July 28th. Finally, Credit Suisse Group reiterated a “buy” rating on shares of Dr Pepper Snapple Group in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Dr Pepper Snapple Group currently has an average rating of “Hold” and an average target price of $99.25.

Dr Pepper Snapple Group Company Profile

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.

Institutional Ownership by Quarter for Dr Pepper Snapple Group (NYSE:DPS)

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