Keurig Dr Pepper Inc’s recent filing unveils that its Senior VP & Controller Stephens Angela A. unloaded Company’s shares for reported $0.84 million on Apr 30 ’24. In the deal valued at $33.61 per share,25,000 shares were sold. As a result of this transaction, Stephens Angela A. now holds 76,081 shares worth roughly $2.57 million.
Then, Minogue Patrick sold 17,293 shares, generating $580,872 in total proceeds. Upon selling the shares at $33.59, the President, US Coffee now owns 67,103 shares.
Before that, Johnson Roger Frederick sold 31,227 shares. Keurig Dr Pepper Inc shares valued at $1,056,097 were divested by the Chief Supply Chain Officer at a price of $33.82 per share. As a result of the transaction, Johnson Roger Frederick now holds 100,000 shares, worth roughly $3.38 million.
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 jump 0.80% to $33.83. Over the last five days, the stock has gained 0.33%. Keurig Dr Pepper Inc shares have risen nearly 1.53% since the year began. Nevertheless, the stocks have risen 3.17% over the past one year. While a 52-week high of $34.65 was reached on 04/25/24, a 52-week low of $27.66 was recorded on 03/15/24. SMA at 50 days reached $30.67, while 200 days put it at $31.67. A total of 7.46 million shares were traded, compared to the trading of 6.37 million shares in the previous session.
Levels Of Support And Resistance For KDP Stock
The 24-hour chart illustrates a support level at 33.54, which if violated will result in even more drops to 33.24. On the upside, there is a resistance level at 34.00. A further resistance level may holdings at 34.17. The Relative Strength Index (RSI) on the 14-day chart is 74.10, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.22%. Stochastics %K at 78.91% 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.
