Oakbrook Investments LLC Cuts Holdings in Dr Pepper Snapple Group, Inc (DPS)

Oakbrook Investments LLC lowered its stake in Dr Pepper Snapple Group, Inc (NYSE:DPS) by 65.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,550 shares of the company’s stock after selling 4,780 shares during the quarter. Oakbrook Investments LLC’s holdings in Dr Pepper Snapple Group were worth $226,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chilton Investment Co. LLC bought a new position in Dr Pepper Snapple Group in the second quarter valued at approximately $21,943,000. Principal Financial Group Inc. lifted its stake in Dr Pepper Snapple Group by 195.9% in the second quarter. Principal Financial Group Inc. now owns 1,209,566 shares of the company’s stock valued at $110,203,000 after buying an additional 800,808 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Dr Pepper Snapple Group by 0.7% in the second quarter. Wells Fargo & Company MN now owns 2,259,175 shares of the company’s stock valued at $205,835,000 after buying an additional 15,523 shares in the last quarter. Sit Investment Associates Inc. lifted its stake in Dr Pepper Snapple Group by 5.8% in the third quarter. Sit Investment Associates Inc. now owns 209,045 shares of the company’s stock valued at $18,494,000 after buying an additional 11,495 shares in the last quarter. Finally, AJO LP lifted its stake in Dr Pepper Snapple Group by 57.0% in the second quarter. AJO LP now owns 864,974 shares of the company’s stock valued at $78,808,000 after buying an additional 314,125 shares in the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

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A number of brokerages have recently commented on DPS. BMO Capital Markets reissued a “buy” rating and issued a $105.00 price objective on shares of Dr Pepper Snapple Group in a research report on Friday. Morgan Stanley cut their price objective on shares of Dr Pepper Snapple Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a research report on Thursday, October 26th. Stifel Nicolaus cut their price objective on shares of Dr Pepper Snapple Group from $114.00 to $106.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Royal Bank Of Canada reissued a “hold” rating and issued a $91.00 price objective on shares of Dr Pepper Snapple Group in a research report on Wednesday, October 25th. Finally, Susquehanna Bancshares Inc set a $89.00 price objective on shares of Dr Pepper Snapple Group and gave the stock a “hold” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $99.45.

In other Dr Pepper Snapple Group news, insider Angela A. Stephens sold 3,160 shares of the firm’s 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 transaction, the insider now directly owns 16,913 shares in the company, valued at approximately $1,564,621.63. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Angela A. Stephens sold 7,700 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $91.12, for a total value of $701,624.00. Following the transaction, the insider now owns 6,053 shares in the company, valued at $551,549.36. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by company insiders.

Shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) opened at 85.05 on Tuesday. The firm’s 50-day moving average is $89.05 and its 200 day moving average is $91.23. The company has a market capitalization of $15.46 billion, a price-to-earnings ratio of 20.40 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 issued its quarterly earnings data on Wednesday, October 25th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.06). Dr Pepper Snapple Group had a net margin of 11.06% and a return on equity of 37.53%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the business posted $1.17 earnings per share. Dr Pepper Snapple Group’s revenue was up 3.6% on a year-over-year basis. On average, equities research analysts anticipate that Dr Pepper Snapple Group, Inc will post $4.52 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Thursday, September 14th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Wednesday, September 13th. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is presently 58.15%.

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

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