Fundsmith LLP Raises Stake in Dr Pepper Snapple Group Inc. (DPS)

Fundsmith LLP boosted its stake in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 0.5% during the first quarter, Holdings Channel reports. The firm owned 5,329,086 shares of the company’s stock after buying an additional 24,232 shares during the period. Dr Pepper Snapple Group comprises approximately 6.1% of Fundsmith LLP’s portfolio, making the stock its 9th largest position. Fundsmith LLP’s holdings in Dr Pepper Snapple Group were worth $521,824,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its position in Dr Pepper Snapple Group by 2.7% in the fourth quarter. State Street Corp now owns 8,471,058 shares of the company’s stock valued at $768,066,000 after buying an additional 223,019 shares during the period. Bank of Montreal Can boosted its position in Dr Pepper Snapple Group by 43.4% in the first quarter. Bank of Montreal Can now owns 2,679,499 shares of the company’s stock valued at $262,375,000 after buying an additional 810,357 shares during the period. Wells Fargo & Company MN boosted its position in Dr Pepper Snapple Group by 4.8% in the first quarter. Wells Fargo & Company MN now owns 2,243,652 shares of the company’s stock valued at $219,699,000 after buying an additional 102,474 shares during the period. Putnam Investments LLC boosted its position in Dr Pepper Snapple Group by 42.7% in the fourth quarter. Putnam Investments LLC now owns 1,889,377 shares of the company’s stock valued at $171,309,000 after buying an additional 565,292 shares during the period. Finally, Analytic Investors LLC boosted its position in Dr Pepper Snapple Group by 18.3% in the third quarter. Analytic Investors LLC now owns 1,821,500 shares of the company’s stock valued at $166,321,000 after buying an additional 281,179 shares during the period. Hedge funds and other institutional investors own 90.18% of the company’s stock.

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

Dr Pepper Snapple Group Inc. (NYSE:DPS) traded up 0.54% on Friday, hitting $90.92. 1,624,430 shares of the stock traded hands. The stock has a 50-day moving average price of $94.40 and a 200 day moving average price of $91.74. The stock has a market cap of $16.71 billion, a P/E ratio of 20.01 and a beta of 0.55. Dr Pepper Snapple Group Inc. has a 12-month low of $81.05 and a 12-month high of $99.47.

Dr Pepper Snapple Group (NYSE:DPS) last posted its quarterly earnings data on Wednesday, April 26th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.05. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Dr Pepper Snapple Group had a net margin of 13.53% and a return on equity of 38.19%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 EPS. On average, equities analysts expect that Dr Pepper Snapple Group Inc. will post $4.64 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Wednesday, June 14th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Monday, June 12th. Dr Pepper Snapple Group’s payout ratio is presently 45.99%.

ILLEGAL ACTIVITY NOTICE: This report was published by Mideast Time and is the property of of Mideast Time. If you are accessing this report on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The original version of this report can be read at https://www.mideasttime.com/fundsmith-llp-raises-stake-in-dr-pepper-snapple-group-inc-dps/1707917.html.

Several research analysts have commented on DPS shares. Credit Suisse Group AG started coverage on shares of Dr Pepper Snapple Group in a research report on Wednesday, February 8th. They issued an “outperform” rating and a $105.00 target price for the company. Jefferies Group LLC restated a “buy” rating and issued a $116.00 target price (up previously from $115.00) on shares of Dr Pepper Snapple Group in a research report on Tuesday, April 18th. Royal Bank of Canada restated a “hold” rating and issued a $91.00 target price on shares of Dr Pepper Snapple Group in a research report on Friday, May 5th. Morgan Stanley upgraded shares of Dr Pepper Snapple Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday. Finally, Zacks Investment Research cut shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research report on Monday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $98.33.

In other Dr Pepper Snapple Group news, CEO Larry D. Young sold 39,171 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $95.13, for a total value of $3,726,337.23. Following the completion of the sale, the chief executive officer now owns 228,495 shares in the company, valued at approximately $21,736,729.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Larry D. Young sold 195,733 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $94.36, for a total transaction of $18,469,365.88. Following the completion of the sale, the chief executive officer now owns 296,974 shares of the company’s stock, valued at approximately $28,022,466.64. The disclosure for this sale can be found here. Insiders sold a total of 412,366 shares of company stock valued at $38,983,630 in the last 90 days. Corporate insiders own 0.62% of the company’s stock.

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.

5 Day Chart for NYSE:DPS

Want to see what other hedge funds are holding DPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dr Pepper Snapple Group Inc. (NYSE:DPS).

Receive News & Ratings for Dr Pepper Snapple Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dr Pepper Snapple Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.