Keurig Dr Pepper Inc’s recently made public that its 10% Owner JAB Holdings B.V. unloaded Company’s shares for reported $376.96 million on Mar 15 ’24. In the deal valued at $28.90 per share,13,043,478 shares were sold. As a result of this transaction, JAB Holdings B.V. now holds 283,443,879 shares worth roughly $8.57 billion.
Then, JAB BevCo B.V. sold 13,043,478 shares, generating $376,956,514 in total proceeds. Upon selling the shares at $28.90, the 10% Owner now owns 283,443,879 shares.
Before that, JAB Holdings B.V. sold 35,000,000 shares. Keurig Dr Pepper Inc shares valued at $1,011,500,000 were divested by the 10% Owner at a price of $28.90 per share. As a result of the transaction, JAB Holdings B.V. now holds 296,487,357 shares, worth roughly $8.96 billion.
Morgan Stanley downgraded its Keurig Dr Pepper Inc [KDP] rating to an Equal-weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who began to cover the stock in late December with a ‘”a Hold”‘ rating. Jefferies began covering KDP with “Buy” recommendation on November 13, 2023. UBS revised its rating on August 16, 2023. It rated KDP as “a Buy” which previously was an “a Neutral”.
Price Performance Review of KDP
On Friday, Keurig Dr Pepper Inc [NASDAQ:KDP] saw its stock fall -1.95% to $30.22. Over the last five days, the stock has lost -1.79%. Keurig Dr Pepper Inc shares have fallen nearly -9.30% since the year began. Nevertheless, the stocks have fallen -14.17% over the past one year. While a 52-week high of $35.99 was reached on 01/02/24, a 52-week low of $27.66 was recorded on 03/15/24. SMA at 50 days reached $30.32, while 200 days put it at $31.60. A total of 9.6 million shares were traded, compared to the trading of 6.93 million shares in the previous session.
Levels Of Support And Resistance For KDP Stock
The 24-hour chart illustrates a support level at 30.00, which if violated will result in even more drops to 29.77. On the upside, there is a resistance level at 30.63. A further resistance level may holdings at 31.03. The Relative Strength Index (RSI) on the 14-day chart is 47.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.07%. Stochastics %K at 51.40% indicates the stock is a holding.
The most recent change occurred on July 17, 2023 when JP Morgan resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $36.
