California Public Employees Retirement System boosted its holdings in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) by 17.0% during the 4th quarter, HoldingsChannel reports. The fund owned 543,128 shares of the company’s stock after purchasing an additional 78,901 shares during the period. California Public Employees Retirement System’s holdings in Dr Pepper Snapple Group were worth $52,716,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Amica Mutual Insurance Co. bought a new position in Dr Pepper Snapple Group during the third quarter valued at approximately $790,000. Nisa Investment Advisors LLC raised its position in Dr Pepper Snapple Group by 27.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 46,001 shares of the company’s stock valued at $4,465,000 after acquiring an additional 10,000 shares in the last quarter. Victory Capital Management Inc. raised its position in Dr Pepper Snapple Group by 7.7% during the third quarter. Victory Capital Management Inc. now owns 36,342 shares of the company’s stock valued at $3,215,000 after acquiring an additional 2,607 shares in the last quarter. Sit Investment Associates Inc. raised its position in Dr Pepper Snapple Group by 5.8% during the third quarter. Sit Investment Associates Inc. now owns 209,045 shares of the company’s stock valued at $18,494,000 after acquiring an additional 11,495 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Dr Pepper Snapple Group by 7.4% during the third quarter. Dimensional Fund Advisors LP now owns 800,522 shares of the company’s stock valued at $70,822,000 after acquiring an additional 55,374 shares in the last quarter. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

DPS has been the topic of several recent research reports. Deutsche Bank initiated coverage on shares of Dr Pepper Snapple Group in a research report on Wednesday, December 13th. They set a “buy” rating and a $104.00 price objective on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $105.00 price objective on shares of Dr Pepper Snapple Group in a research report on Friday, October 27th. Jefferies Group reaffirmed a “buy” rating and set a $115.00 price objective on shares of Dr Pepper Snapple Group in a research report on Monday, January 29th. 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. Finally, Gabelli raised shares of Dr Pepper Snapple Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 1st. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $115.64.

Dr Pepper Snapple Group Inc. (DPS) opened at $115.95 on Wednesday. Dr Pepper Snapple Group Inc. has a 52-week low of $83.23 and a 52-week high of $126.65. The company has a market cap of $20,930.00, a P/E ratio of 29.06, a PEG ratio of 2.16 and a beta of 0.79. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.93 and a quick ratio of 0.74.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Wednesday, March 21st will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Tuesday, March 20th. Dr Pepper Snapple Group’s dividend payout ratio is 58.15%.

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Dr Pepper Snapple Group Company 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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