The group reported flat sales and falling profits in its first half

The group reported flat sales and falling profits in its first half

Dr Pepper Snapple Group's (DPSG) president & CEO has sold around US$3.5m-worth of his own stock in the company.

Larry Young offloaded 74,103 shares at an average price of $47.35 last week, according to a regulatory filing on Friday (2 August). Young retains 250,000 shares in the soft drinks group.

Shares in DPSG closed on Friday at $47.41. A year ago the group's stock was trading at around $45. Shares hit a 12-month high of $50.36 in May. 

Last month, the group reported flat first-half sales and a 6.8% drop in net profits, blaming a challenging CSD market and bad weather in the US.