American Century Companies Inc. Takes Position in Dr Pepper Snapple Group Inc. (DPS)

American Century Companies Inc. bought a new stake in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,305,172 shares of the company’s stock, valued at approximately $126,680,000.

A number of other institutional investors have also recently made changes to their positions in DPS. Janus Henderson Group PLC boosted its holdings in Dr Pepper Snapple Group by 79.7% during the 3rd quarter. Janus Henderson Group PLC now owns 1,732,948 shares of the company’s stock valued at $153,314,000 after acquiring an additional 768,412 shares during the period. Lord Abbett & CO. LLC acquired a new stake in Dr Pepper Snapple Group in the 2nd quarter valued at about $62,000,000. Robeco Institutional Asset Management B.V. acquired a new stake in Dr Pepper Snapple Group in the 3rd quarter valued at about $43,792,000. Troy Asset Management Ltd raised its position in Dr Pepper Snapple Group by 31.2% in the 3rd quarter. Troy Asset Management Ltd now owns 1,514,100 shares of the company’s stock valued at $133,952,000 after purchasing an additional 360,100 shares in the last quarter. Finally, Koch Industries Inc. acquired a new stake in Dr Pepper Snapple Group in the 2nd quarter valued at about $340,000. Institutional investors own 89.95% of the company’s stock.

Shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) opened at $116.93 on Friday. 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 Inc. has a 12-month low of $83.23 and a 12-month high of $126.65. The firm has a market capitalization of $21,110.00, a PE ratio of 29.31, a PEG ratio of 2.19 and a beta of 0.79.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Wednesday, March 21st will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.98%. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is presently 58.15%.

DPS has been the topic of a number of analyst reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $105.00 price target on shares of Dr Pepper Snapple Group in a research report on Friday, October 27th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $91.00 price target on shares of Dr Pepper Snapple Group in a research report on Wednesday, October 25th. Susquehanna Bancshares set a $89.00 price target on Dr Pepper Snapple Group and gave the company a “hold” rating in a research report on Wednesday, October 25th. Wells Fargo & Co increased their price target on Dr Pepper Snapple Group from $98.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, January 4th. Finally, Morgan Stanley reduced their price target on Dr Pepper Snapple Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a research report on Thursday, October 26th. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Dr Pepper Snapple Group presently has a consensus rating of “Hold” and a consensus price target of $112.79.

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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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