UPDATE 4-Dr Pepper trims sales view as consumers stay frugal

* Q3 adj EPS 54 cents tops Street view of 49 cents

* Sales slip 4 pct, slightly short of Street estimate

* Raises lower end of '09 adj EPS view to $1.92-$1.96

* Trims adj '09 sales view to a 2 pct increase

* Shares down 4 percent (Adds comments from conference call)

By Martinne Geller

NEW YORK, Nov 5 (Reuters) - Dr Pepper Snapple Group Inc (DPS.N) trimmed its 2009 sales view on Thursday and said consumers were still frugal with soft drink purchases, sending its shares down 4 percent.

The maker of Dr Pepper, Sunkist and 7UP beverages raised the low end of its full-year earnings forecast as easing commodity costs boost profit margins.

Stifel Nicolaus analyst Mark Swartzberg said the new forecast implied an outlook for the current fourth quarter that is below analysts' estimates.