Bessemer Group Inc. Has $5.40 Million Position in Dr Pepper Snapple Group, Inc (DPS)

Bessemer Group Inc. increased its stake in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) by 9.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,010 shares of the company’s stock after buying an additional 5,288 shares during the quarter. Bessemer Group Inc.’s holdings in Dr Pepper Snapple Group were worth $5,397,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Swiss National Bank lifted its position in Dr Pepper Snapple Group by 1.0% during the third quarter. Swiss National Bank now owns 1,197,113 shares of the company’s stock worth $105,909,000 after buying an additional 12,200 shares in the last quarter. Advisor Partners LLC raised its position in Dr Pepper Snapple Group by 15.4% in the third quarter. Advisor Partners LLC now owns 4,803 shares of the company’s stock valued at $425,000 after purchasing an additional 640 shares during the period. Principal Financial Group Inc. raised its position in Dr Pepper Snapple Group by 25.6% in the third quarter. Principal Financial Group Inc. now owns 1,518,634 shares of the company’s stock valued at $134,353,000 after purchasing an additional 309,068 shares during the period. State of Wisconsin Investment Board raised its position in Dr Pepper Snapple Group by 7.6% in the third quarter. State of Wisconsin Investment Board now owns 195,519 shares of the company’s stock valued at $17,298,000 after purchasing an additional 13,741 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its position in Dr Pepper Snapple Group by 2.0% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 30,342 shares of the company’s stock valued at $2,684,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 90.73% of the company’s stock.

A number of research firms have commented on DPS. Susquehanna Bancshares Inc set a $96.00 target price on Dr Pepper Snapple Group and gave the company a “hold” rating in a research report on Thursday, July 27th. Wells Fargo & Company upgraded Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a research report on Monday, October 23rd. BMO Capital Markets restated a “buy” rating and issued a $105.00 target price on shares of Dr Pepper Snapple Group in a research report on Friday, October 27th. Credit Suisse Group set a $107.00 target price on Dr Pepper Snapple Group and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Jefferies Group LLC reduced their target price on 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $99.45.

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In related news, insider Angela A. Stephens sold 7,700 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $91.12, for a total transaction of $701,624.00. Following the completion of the transaction, the insider now directly owns 6,053 shares of the company’s stock, valued at approximately $551,549.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela A. Stephens sold 3,160 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $92.51, for a total value of $292,331.60. Following the transaction, the insider now directly owns 16,913 shares of the company’s stock, valued at $1,564,621.63. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by insiders.

Dr Pepper Snapple Group, Inc (DPS) traded up $0.63 during mid-day trading on Friday, hitting $86.32. The company had a trading volume of 767,100 shares, compared to its average volume of 1,448,093. 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 stock has a market cap of $15,584.39, a P/E ratio of 19.62, a PEG ratio of 2.17 and a beta of 0.57. Dr Pepper Snapple Group, Inc has a 52-week low of $81.05 and a 52-week high of $99.47.

Dr Pepper Snapple Group (NYSE:DPS) last posted its quarterly earnings data 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). The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Dr Pepper Snapple Group had a net margin of 11.06% and a return on equity of 37.53%. Dr Pepper Snapple Group’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. sell-side analysts expect that Dr Pepper Snapple Group, Inc will post 4.54 EPS for the current fiscal year.

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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