Meiji Yasuda Asset Management Co Ltd. Has $1.81 Million Holdings in Dr Pepper Snapple Group, Inc (DPS)

Meiji Yasuda Asset Management Co Ltd. trimmed its position in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) by 10.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,473 shares of the company’s stock after selling 2,390 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Dr Pepper Snapple Group were worth $1,811,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Dr Pepper Snapple Group by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 18,408,234 shares of the company’s stock valued at $1,677,174,000 after purchasing an additional 510,155 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Dr Pepper Snapple Group by 4.9% in the 2nd quarter. BlackRock Inc. now owns 17,172,007 shares of the company’s stock valued at $1,564,543,000 after purchasing an additional 802,560 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 valued at $765,245,000 after purchasing an additional 75,164 shares in the last quarter. FMR LLC boosted its stake in shares of Dr Pepper Snapple Group by 4.7% in the 2nd quarter. FMR LLC now owns 2,984,283 shares of the company’s stock valued at $271,898,000 after purchasing an additional 134,256 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Dr Pepper Snapple Group by 0.7% in the 2nd quarter. Wells Fargo & Company MN now owns 2,259,175 shares of the company’s stock valued at $205,835,000 after purchasing an additional 15,523 shares in the last quarter. Institutional investors own 88.59% of the company’s stock.

Dr Pepper Snapple Group, Inc (DPS) traded down $0.03 during trading hours on Tuesday, hitting $87.23. 706,300 shares of the stock traded hands, compared to its average volume of 1,187,389. The company has a market cap of $15,800.00, a price-to-earnings ratio of 19.83, a P/E/G ratio of 2.20 and a beta of 0.57. 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 12 month low of $83.23 and a 12 month high of $99.47.

Dr Pepper Snapple Group (NYSE:DPS) last released 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). The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.77 billion. Dr Pepper Snapple Group had a net margin of 11.06% and a return on equity of 37.53%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 EPS. equities research analysts anticipate that Dr Pepper Snapple Group, Inc will post 4.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 14th will be paid a $0.58 dividend. The ex-dividend date is Wednesday, December 13th. This represents a $2.32 annualized dividend and a dividend yield of 2.66%. Dr Pepper Snapple Group’s dividend payout ratio is currently 58.15%.

A number of research firms have recently weighed in on DPS. BMO Capital Markets restated a “buy” rating and issued a $105.00 price target on shares of Dr Pepper Snapple Group in a research note on Friday, October 27th. Morgan Stanley cut their target price 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 target price 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 reiterated a “hold” rating and set a $91.00 target price on shares of Dr Pepper Snapple Group in a research report on Wednesday, October 25th. Finally, Susquehanna Bancshares Inc set a $89.00 target price on shares of Dr Pepper Snapple Group and gave the stock a “hold” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Dr Pepper Snapple Group presently has a consensus rating of “Hold” and a consensus target price of $99.45.

In other news, insider Angela A. Stephens sold 7,700 shares of Dr Pepper Snapple Group 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 completion of the sale, the insider now owns 6,053 shares in the company, valued at approximately $551,549.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.58% of the company’s stock.

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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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