Raymond James Trust N.A. Sells 869 Shares of Dr Pepper Snapple Group, Inc (DPS)

Raymond James Trust N.A. cut its holdings in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 15.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,769 shares of the company’s stock after selling 869 shares during the period. Raymond James Trust N.A.’s holdings in Dr Pepper Snapple Group were worth $435,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Dr Pepper Snapple Group by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 17,898,079 shares of the company’s stock worth $1,752,580,000 after buying an additional 522,751 shares in the last quarter. BlackRock Inc. boosted its position in shares of Dr Pepper Snapple Group by 1,517.3% in the 1st quarter. BlackRock Inc. now owns 16,369,447 shares of the company’s stock worth $1,602,895,000 after buying an additional 15,357,318 shares in the last quarter. State Street Corp boosted its position in shares of Dr Pepper Snapple Group by 0.4% in the 1st quarter. State Street Corp now owns 8,505,213 shares of the company’s stock worth $832,832,000 after buying an additional 34,155 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Dr Pepper Snapple Group by 0.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,399,141 shares of the company’s stock worth $765,245,000 after buying an additional 75,164 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Dr Pepper Snapple Group by 27.4% in the 1st quarter. FMR LLC now owns 2,850,027 shares of the company’s stock worth $279,075,000 after buying an additional 613,545 shares in the last quarter. Institutional investors and hedge funds own 90.36% of the company’s stock.

DPS has been the topic of several recent research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $112.00 price objective on shares of Dr Pepper Snapple Group in a research report on Friday, June 23rd. Zacks Investment Research upgraded shares of Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a research report on Tuesday, June 27th. UBS AG boosted their price objective on shares of Dr Pepper Snapple Group from $98.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, July 28th. Credit Suisse Group reiterated a “buy” rating on shares of Dr Pepper Snapple Group in a research report on Friday, June 23rd. Finally, Susquehanna Bancshares Inc set a $92.00 price objective on shares of Dr Pepper Snapple Group and gave the stock a “hold” rating in a research report on Saturday, May 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Dr Pepper Snapple Group presently has a consensus rating of “Hold” and an average price target of $99.25.

TRADEMARK VIOLATION NOTICE: This news story was reported by Transcript Daily and is the property of of Transcript Daily. If you are accessing this news story on another domain, it was stolen and republished in violation of international copyright and trademark laws. The original version of this news story can be read at https://transcriptdaily.com/2017/09/17/raymond-james-trust-n-a-sells-869-shares-of-dr-pepper-snapple-group-inc-dps.html.

In other Dr Pepper Snapple Group news, insider Angela A. Stephens sold 3,160 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $92.51, for a total transaction of $292,331.60. Following the completion of the sale, the insider now directly owns 16,913 shares in the company, valued at approximately $1,564,621.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela A. Stephens sold 7,700 shares of the firm’s stock in a transaction dated 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 owns 6,053 shares of the company’s stock, valued at $551,549.36. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.

Dr Pepper Snapple Group, Inc (NYSE DPS) opened at 91.54 on Friday. Dr Pepper Snapple Group, Inc has a 1-year low of $81.05 and a 1-year high of $99.47. The stock’s 50 day moving average is $91.21 and its 200-day moving average is $92.94. The firm has a market cap of $16.64 billion, a P/E ratio of 21.95 and a beta of 0.61.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 14th will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, September 13th. This represents a $2.32 dividend on an annualized basis and a yield of 2.53%. Dr Pepper Snapple Group’s payout ratio is presently 55.64%.

Dr Pepper Snapple Group 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)

Receive News & Ratings for Dr Pepper Snapple Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dr Pepper Snapple Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply