APG Asset Management N.V. Buys 50,400 Shares of Dr Pepper Snapple Group Inc. (DPS)

APG Asset Management N.V. Buys 50,400 Shares of Dr Pepper Snapple Group Inc. (DPS)

APG Asset Management N.V. increased its stake in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) by 7.3% during the first quarter, Holdings Channel reports. The institutional investor owned 743,325 shares of the company’s stock after buying an additional 50,400 shares during the period. APG Asset Management N.V. owned about 0.41% of Dr Pepper Snapple Group worth $72,786,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of DPS. Advisors Asset Management Inc. boosted its stake in Dr Pepper Snapple Group by 4.2% in the third quarter. Advisors Asset Management Inc. now owns 30,943 shares of the company’s stock valued at $2,825,000 after buying an additional 1,254 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its stake in Dr Pepper Snapple Group by 1.9% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 231,133 shares of the company’s stock valued at $21,105,000 after buying an additional 4,216 shares in the last quarter. BerganKDV Wealth Management LLC boosted its stake in Dr Pepper Snapple Group by 6.3% in the third quarter. BerganKDV Wealth Management LLC now owns 6,420 shares of the company’s stock valued at $586,000 after buying an additional 381 shares in the last quarter. Manning & Napier Advisors LLC boosted its stake in Dr Pepper Snapple Group by 0.8% in the third quarter. Manning & Napier Advisors LLC now owns 27,866 shares of the company’s stock valued at $2,543,000 after buying an additional 208 shares in the last quarter. Finally, Alambic Investment Management L.P. boosted its stake in Dr Pepper Snapple Group by 164.7% in the third quarter. Alambic Investment Management L.P. now owns 19,850 shares of the company’s stock valued at $1,813,000 after buying an additional 12,350 shares in the last quarter. 90.18% of the stock is owned by hedge funds and other institutional investors.

Shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) remained flat at $91.21 on Friday. The company had a trading volume of 896,808 shares. The company has a market cap of $16.77 billion, a price-to-earnings ratio of 20.07 and a beta of 0.55. The firm has a 50-day moving average price of $95.95 and a 200-day moving average price of $91.56. 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 released its quarterly earnings data on Wednesday, April 26th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.05. The business earned $1.51 billion during the quarter, compared to the consensus estimate of $1.55 billion. Dr Pepper Snapple Group had a return on equity of 38.19% and a net margin of 13.53%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 EPS. Equities analysts forecast that Dr Pepper Snapple Group Inc. will post $4.64 EPS for the current year.

Several equities research analysts recently commented on the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $116.00 price target (up previously from $115.00) on shares of Dr Pepper Snapple Group in a report on Tuesday, April 18th. Zacks Investment Research raised Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 7th. Susquehanna Bancshares Inc set a $93.00 price target on Dr Pepper Snapple Group and gave the company a “hold” rating in a report on Saturday, February 18th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $105.00 price target on shares of Dr Pepper Snapple Group in a report on Thursday, February 16th. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $99.00 price target on shares of Dr Pepper Snapple Group in a report on Friday, April 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. Dr Pepper Snapple Group currently has a consensus rating of “Hold” and an average target price of $98.33.

In other news, insider David Thomas sold 5,695 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $96.27, for a total transaction of $548,257.65. Following the completion of the sale, the insider now directly owns 36,000 shares in the company, valued at approximately $3,465,720. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Larry D. Young sold 195,733 shares of the company’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $94.36, for a total value of $18,469,365.88. Following the sale, the chief executive officer now owns 296,974 shares of the company’s stock, valued at $28,022,466.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 424,466 shares of company stock valued at $40,110,735. 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.

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).

Related posts

Leave a Comment