Ladenburg Thalmann Financial Services Inc. lowered its stake in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 60.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,010 shares of the company’s stock after selling 9,067 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Dr Pepper Snapple Group were worth $532,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of 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 worth $1,677,174,000 after purchasing an additional 510,155 shares in the last quarter. BlackRock Inc. lifted its position 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 valued at $1,564,543,000 after purchasing an additional 802,560 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Dr Pepper Snapple Group by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 8,518,554 shares of the company’s stock valued at $752,699,000 after purchasing an additional 119,413 shares in the last quarter. FMR LLC raised its position in Dr Pepper Snapple Group by 4.7% in the second quarter. FMR LLC now owns 2,984,283 shares of the company’s stock worth $271,898,000 after acquiring an additional 134,256 shares during the period. Finally, Wells Fargo & Company MN raised its position 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 worth $205,835,000 after acquiring an additional 15,523 shares during the period. Institutional investors and hedge funds own 91.07% of the company’s stock.

DPS has been the topic of several research reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Dr Pepper Snapple Group in a research report on Friday, October 27th. Royal Bank of Canada reiterated a “hold” rating and issued a $91.00 target price on shares of Dr Pepper Snapple Group in a research note on Wednesday, October 25th. Susquehanna Bancshares set a $89.00 target price on shares of Dr Pepper Snapple Group and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Morgan Stanley reduced their target price on shares of Dr Pepper Snapple Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. Finally, Deutsche Bank started coverage on shares of Dr Pepper Snapple Group in a research note on Wednesday, December 13th. They issued a “buy” rating and a $104.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Dr Pepper Snapple Group has a consensus rating of “Hold” and a consensus price target of $99.83.

Dr Pepper Snapple Group Inc. (DPS) opened at $96.12 on Tuesday. The company has a market cap of $17,350.00, a P/E ratio of 24.09, a P/E/G ratio of 2.41 and a beta of 0.59. Dr Pepper Snapple Group Inc. has a 12 month low of $83.23 and a 12 month high of $99.47. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.74 and a current ratio of 0.93.

Dr Pepper Snapple Group (NYSE:DPS) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.06). The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Dr Pepper Snapple Group had a net margin of 11.67% and a return on equity of 38.01%. Dr Pepper Snapple Group’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.17 EPS. equities analysts forecast that Dr Pepper Snapple Group Inc. will post 4.53 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Thursday, December 14th will be paid a dividend of $0.58 per share. The ex-dividend date is Wednesday, December 13th. This represents a $2.32 annualized dividend and a yield of 2.41%. Dr Pepper Snapple Group’s dividend payout ratio is currently 58.15%.

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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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