Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Keurig Dr Pepper Inc. shares valued at $32,000 were purchased by Singer Robert S on May 19. At $32.00 per share, Singer Robert S acquired 1,000 shares. The insider’s holdings grew to 37,001 shares worth approximately $1.17 million following the completion of this transaction.
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Also, Singer Robert S purchased 1,500 shares, netting a total of over 47,820 in proceeds. Following the buying of shares at $31.88 each, the insider now holds 36,001 shares.
Before that, Singer Robert S had added 6,000 shares to its account. In a trade valued at $191,160, the Director bought Keurig Dr Pepper Inc. shares for $31.86 each. Upon closing the transaction, the insider’s holdings increased to 6,000 shares, worth approximately $1.09 million.
Analyzing KDP Stock Performance
On Thursday, Keurig Dr Pepper Inc. [NASDAQ: KDP] plunged -1.16% to $31.55. The stock’s lowest price that day was $31.27, but it reached a high of $31.705 in the same session. During the last five days, there has been a drop of approximately -1.00%. Over the course of the year, Keurig Dr Pepper Inc. shares have dropped approximately -11.53%. Shares of the company reached a 52-week high of $36.56 on 01/09/23 and a 52-week low of $31.27 on 05/25/23. A 50-day SMA is recorded $34.04, while a 200-day SMA reached $36.19. Nevertheless, trading volume fell to 9.5 million shares from 10.55 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 31.31, which, if violated, would cause prices to drop to 31.07. In the upper region, resistance lies at 31.75. The next price resistance is at 31.94. RSI (Relative Strength Index) is 30.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 85.71%, indicating bearish price movement. Stochastics %K at buying 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 Apr 27, 2023 jumping by 0.97 million shares to 10.82 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 9.85 million shares. A jump of 8.96% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.28 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.28.
Which companies own the most shares of Keurig Dr Pepper Inc. (KDP)?
According to The Vanguard Group, Inc. filings, the company currently owns 67,091,348 shares, which is about 4.77% of the total KDP shares outstanding. The investor’s shares have plunged by -2,430,776 from its previous 13-F filing of 69522124.0 shares. With the completion of the buy transaction, Capital Research & Management Co’s stake is now worth $1,687,179,979. BlackRock Fund Advisors reduced a -2.07% interest valued at $1.48 billion while Capital Research & Management Co purchased a 5,460,737 stake. A total of 4,257,960 shares of Keurig Dr Pepper Inc. were bought by Fidelity Management & Research Co during the quarter, and 9,685,210 were bought by Wellington Management Co. LLP. In its current portfolio, SSgA Funds Management, Inc. holds 35,254,781 shares valued at $1.15 billion.
In terms of Keurig Dr Pepper Inc. share price expectations, FactSet research, analysts set an average price target of $38.52 in the next 12 months, up nearly 22.18% from the previous closing price of $31.92. Analysts anticipate Keurig Dr Pepper Inc. stock to reach $45.00 by 2023, with the lowest price target being $30.00. In spite of this, 21 analysts ranked Keurig Dr Pepper Inc. stock as an Overweight at the end of 2023.