Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Keurig Dr Pepper Inc. shares valued at $506,064 were purchased by Milikin Maurice Anthony on Sep 12. At $38.97 per share, Milikin Maurice Anthony acquired 12,986 shares. The insider’s holdings grew to 142,776 shares worth approximately $5.31 million following the completion of this transaction.
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Also, Milikin Maurice Anthony purchased 12,979 shares, netting a total of over 489,308 in proceeds. Following the buying of shares at $37.70 each, the insider now holds 129,790 shares.
Before that, Milikin Maurice Anthony had added 12,979 shares to its account. In a trade valued at $503,455, the Chief Supply Chain Officer bought Keurig Dr Pepper Inc. shares for $38.79 each. Upon closing the transaction, the insider’s holdings increased to 12,979 shares, worth approximately $4.34 million.
As published in a research note from UBS on June 21, 2022, Keurig Dr Pepper Inc. [KDP] has been rated down from a Buy to a Neutral and the price target has been revised to $38 from $42. This represents a 2.21% premium over Wednesday’s closing price. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late March. As of June 29, 2021, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for KDP. Earlier on March 19, 2021, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for KDP stock which previously was a “a Neutral”.
Analyzing KDP’s Price Performance
On Wednesday, Keurig Dr Pepper Inc. [NASDAQ: KDP] plunged -0.72% to $37.16. The stock’s lowest price that day was $37.15, but it reached a high of $37.95 in the same session. During the last five days, there has been a drop of approximately -1.54%. Over the course of the year, Keurig Dr Pepper Inc. shares have jumped approximately 0.81%. Shares of the company reached a 52-week high of $41.31 on 08/18/22 and a 52-week low of $33.35 on 06/17/22. A 50-day SMA is recorded $38.24, while a 200-day SMA reached $37.22. Nevertheless, trading volume fell to 5.97 million shares from 4.49 million shares the previous day.
Support And Resistance Levels for Keurig Dr Pepper Inc. (KDP)
According to the 24-hour chart, there is a support level at 36.89, which, if violated, would cause prices to drop to 36.62. In the upper region, resistance lies at 37.69. The next price resistance is at 38.22. RSI (Relative Strength Index) is 39.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 80.84%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Keurig Dr Pepper Inc. subject to short interest?
Stocks of Keurig Dr Pepper Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 6.52 million shares to 16.78 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 10.26 million shares. A jump of 38.86% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.1 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.1.
Which companies own the most shares of Keurig Dr Pepper Inc. (KDP)?
According to The Vanguard Group, Inc. filings, the company currently owns 61,197,709 shares, which is about 4.32% of the total KDP shares outstanding. The investor’s shares have appreciated by 13,563,579 from its previous 13-F filing of 47634130.0 shares. With the completion of the sale transaction, T. Rowe Price Associates, Inc.’s stake is now worth $2,180,505,398. Capital Research & Management Co acquire a 7.37% interest valued at $1.85 billion while Capital Research & Management Co sold a -9,521,811 stake. A total of 19,105,731 shares of Keurig Dr Pepper Inc. were sold by BlackRock Fund Advisors during the quarter, and 940,510 were bought by Capital Research & Management Co. In its current portfolio, Fidelity Management & Research Co holds 35,733,785 shares valued at $1.36 billion.
In terms of Keurig Dr Pepper Inc. share price expectations, FactSet research, analysts set an average price target of $41.62 in the next 12 months, up nearly 12.21% from the previous closing price of $37.43. Analysts anticipate Keurig Dr Pepper Inc. stock to reach $47.00 by 2022, with the lowest price target being $36.00. In spite of this, 19 analysts ranked Keurig Dr Pepper Inc. stock as an Overweight at the end of 2022. On March 11, 2021, Morgan Stanley assigned a price target of “an Equal-weight” to the stock and downgraded coverage with a $34.