Cubist Systematic Strategies LLC Buys Shares of 17,847 Dr Pepper Snapple Group, Inc (DPS)

Cubist Systematic Strategies LLC bought a new stake in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 17,847 shares of the company’s stock, valued at approximately $1,626,000.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Dr Pepper Snapple Group by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 18,408,234 shares of the company’s stock valued at $1,677,174,000 after acquiring an additional 510,155 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Dr Pepper Snapple Group by 4.9% during the second quarter. BlackRock Inc. now owns 17,172,007 shares of the company’s stock worth $1,564,543,000 after buying an additional 802,560 shares in the last quarter. State Street Corp grew its holdings in shares of Dr Pepper Snapple Group by 0.4% during the first 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. grew its holdings in shares of Dr Pepper Snapple Group by 0.9% during the second 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 grew its holdings in shares of Dr Pepper Snapple Group by 4.7% during the second quarter. FMR LLC now owns 2,984,283 shares of the company’s stock worth $271,898,000 after buying an additional 134,256 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Dr Pepper Snapple Group, Inc (NYSE:DPS) traded up 0.19% during midday trading on Wednesday, hitting $88.78. 25,212 shares of the company traded hands. Dr Pepper Snapple Group, Inc has a 12-month low of $81.05 and a 12-month high of $99.47. The company has a market cap of $16.13 billion, a PE ratio of 21.29 and a beta of 0.61. The stock has a 50 day moving average price of $90.13 and a 200-day moving average price of $92.12.

Dr Pepper Snapple Group (NYSE:DPS) last issued its earnings results on Thursday, July 27th. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.77 billion. Dr Pepper Snapple Group had a net margin of 11.73% and a return on equity of 38.28%. Dr Pepper Snapple Group’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. Analysts expect that Dr Pepper Snapple Group, Inc will post $4.60 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Thursday, September 14th were issued a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $2.32 dividend on an annualized basis and a yield of 2.62%. Dr Pepper Snapple Group’s dividend payout ratio is currently 55.64%.

A number of brokerages have recently commented on DPS. Jefferies Group LLC reiterated a “buy” rating and set a $112.00 price target on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. Macquarie began coverage on shares of Dr Pepper Snapple Group in a report on Friday, September 15th. They set a “neutral” rating and a $95.00 price target for the company. BMO Capital Markets reiterated a “buy” rating and set a $105.00 price target on shares of Dr Pepper Snapple Group in a report on Wednesday, July 12th. 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 report on Friday, July 28th. Finally, BidaskClub upgraded shares of Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $100.00.

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

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.

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

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