Sit Investment Associates Inc. Has $17.25 Million Holdings in Dr Pepper Snapple Group Inc. (DPS)

Sit Investment Associates Inc. lowered its position in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 15.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 177,730 shares of the company’s stock after selling 31,315 shares during the period. Sit Investment Associates Inc.’s holdings in Dr Pepper Snapple Group were worth $17,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Acrospire Investment Management LLC lifted its stake in Dr Pepper Snapple Group by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock worth $109,000 after purchasing an additional 600 shares during the last quarter. Amica Retiree Medical Trust bought a new stake in Dr Pepper Snapple Group in the third quarter worth about $110,000. Sun Life Financial INC lifted its stake in Dr Pepper Snapple Group by 13,360.0% in the second quarter. Sun Life Financial INC now owns 1,346 shares of the company’s stock worth $123,000 after purchasing an additional 1,336 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Dr Pepper Snapple Group by 6.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,926 shares of the company’s stock worth $175,000 after purchasing an additional 120 shares during the last quarter. Finally, Seven Eight Capital LP bought a new stake in Dr Pepper Snapple Group in the second quarter worth about $182,000. 91.07% of the stock is owned by institutional investors and hedge funds.

Dr Pepper Snapple Group Inc. (NYSE:DPS) opened at $95.67 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 2.07. Dr Pepper Snapple Group Inc. has a 1-year low of $83.23 and a 1-year high of $99.47. The stock has a market cap of $17,270.00, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 2.24 and a beta of 0.58.

Dr Pepper Snapple Group (NYSE:DPS) last released its quarterly earnings results on Wednesday, October 25th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.06). Dr Pepper Snapple Group had a return on equity of 37.53% and a net margin of 11.06%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the firm posted $1.17 earnings per share. Dr Pepper Snapple Group’s revenue for the quarter was up 3.6% compared to the same quarter last year. sell-side analysts anticipate that Dr Pepper Snapple Group Inc. will post 4.53 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Thursday, December 14th were paid a dividend of $0.58 per share. The ex-dividend date was Wednesday, December 13th. This represents a $2.32 annualized dividend and a dividend yield of 2.43%. Dr Pepper Snapple Group’s payout ratio is currently 58.15%.

DPS has been the topic of a number of research reports. Macquarie initiated coverage on shares of Dr Pepper Snapple Group in a research report on Friday, September 15th. They set a “neutral” rating and a $95.00 target price on the stock. Jefferies Group reduced their target price on shares of Dr Pepper Snapple Group from $112.00 to $111.00 and set a “buy” rating on the stock in a research report on Friday, October 13th. Zacks Investment Research lowered shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Wells Fargo & Co raised shares of Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a research report on Monday, October 23rd. Finally, Susquehanna Bancshares set a $89.00 price objective on shares of Dr Pepper Snapple Group and gave the company a “hold” rating in a report on Wednesday, October 25th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $102.38.

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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.

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

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