The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Keurig Dr Pepper Inc shares valued at $376,956,514 were sold by JAB Holdings B.V. on Mar 15 ’24. At $28.90 per share, JAB Holdings B.V. sold 13,043,478 shares. The insider’s holdings dropped to 283,443,879 shares worth approximately $8.69 billion following the completion of this transaction.
Also, JAB BevCo B.V. sold 13,043,478 shares, netting a total of over 376,956,514 in proceeds. Following the sale of shares at $28.90 each, the insider now holds 283,443,879 shares.
Before that, JAB Holdings B.V. had sold 35,000,000 shares from its account. In a trade valued at $1,011,500,000, the 10% Owner traded Keurig Dr Pepper Inc shares for $28.90 each. Upon closing the transaction, the insider’s holdings decreased to 35,000,000 shares, worth approximately $9.09 billion.
As published in a research note from Morgan Stanley on January 03, 2024, Keurig Dr Pepper Inc [KDP] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $37. Analysts at HSBC Securities started covering the stock with ‘”a Hold”‘ outlook in a report released in late December. As of November 13, 2023, Jefferies has initiated its “Buy” rating for KDP. Earlier on August 16, 2023, UBS upgraded its rating. Their new recommendation was “a Buy” for KDP stock which previously was a “a Neutral”.
Analyzing KDP Stock Performance
During the last five days, there has been a drop of approximately -1.16%. Over the course of the year, Keurig Dr Pepper Inc shares have dropped approximately -8.01%. Shares of the company reached a 52-week high of $33.63 on 01/02/24 and a 52-week low of $28.61 on 03/15/24. A 50-day SMA is recorded $30.36, while a 200-day SMA reached $31.61. Nevertheless, trading volume fell to 7.75 million shares from 4.62 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 30.36, which, if violated, would cause prices to drop to 30.07. In the upper region, resistance lies at 30.86. The next price resistance is at 31.07. RSI (Relative Strength Index) is 53.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 39.46%, indicating low 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 steep in short interest on Mar 15, 2024 dropping by -3.46 million shares to 12.66 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 16.12 million shares. A decline of -27.33% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 0.85 of the overall float, the days-to-cover ratio (short ratio) decline to 0.85.
