President and CEO of Dr. Pepper Snapple Group Inc. (DPS) Larry D. Young sold 201,915 shares on July 27, 2012 at an average price of $45.35. The total transaction amount is $9,156,845.
After serving as president and chief operating officer for the company’s Bottling Group Division, Larry D. Young became Dr. Pepper Snapple Group’s president and chief executive officer. Larry joined the company in April 2006 through its full acquisition of Dr. Pepper/Seven Up Bottling Group, where he was the president and CEO since 2005.
Mr. Young sold 173,379 shares of DPS stock in March. On April 3, 2012, Executive Vice President and CFO Martin M. Ellen sold 5,712 shares of DPS stock at the average price of $40.45. Other Directors and Officers David Thomas, James R. Trebilcock and Derry L. Hobson have also sold shares of DPS stock.
GuruFocus Guru Joel Greenblatt has increased his position in DPS. As of March 31, 2012, he owns 59,528 shares. GuruFocus Gurus Mario Gabelli, who owns 2,738,654 shares, and Robert Olstein, who owns 203,000 shares, both left their position in the company unchanged or slightly adjusted.
Dr. Pepper Snapple Group reported their 2012 second quarter results. The company reported net sales of $1.62 billion, compared to the $1.58 billion last year, and net income of $178 million, compared to the $172 million the previous year.