Keurig Dr Pepper Inc’s filing revealed that its President, US Refreshment Bev. Archambault Matthew Andrew unloaded Company’s shares for reported $0.27 million on May 23 ’24. In the deal valued at $34.19 per share,8,000 shares were sold. As a result of this transaction, Archambault Matthew Andrew now holds 12,565 shares worth roughly $0.43 million.
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Then, Stephens Angela A. sold 25,000 shares, generating $840,250 in total proceeds. Upon selling the shares at $33.61, the Senior VP & Controller now owns 76,081 shares.
Before that, Minogue Patrick sold 17,293 shares. Keurig Dr Pepper Inc shares valued at $580,872 were divested by the President, US Coffee at a price of $33.59 per share. As a result of the transaction, Minogue Patrick now holds 67,103 shares, worth roughly $2.3 million.
Exane BNP Paribas initiated its Keurig Dr Pepper Inc [KDP] rating to a Neutral in a research note published on June 24, 2024; the price target was $36. A number of analysts have revised their coverage, including Truist’s analysts, who increased its forecast for the stock in mid June from “a Sell” to “a Hold”. Morgan Stanley also remained covering KDP and has decreased its forecast on January 03, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. HSBC Securities started covering the stock on December 22, 2023. It rated KDP as “a Hold”.
Price Performance Review of KDP
On Monday, Keurig Dr Pepper Inc [NASDAQ:KDP] saw its stock fall -2.20% to $34.30. Over the last five days, the stock has gained 0.41%. Keurig Dr Pepper Inc shares have risen nearly 2.94% since the year began. Nevertheless, the stocks have risen 1.09% over the past one year. While a 52-week high of $35.24 was reached on 08/05/24, a 52-week low of $27.66 was recorded on 03/15/24. SMA at 50 days reached $33.67, while 200 days put it at $32.02. A total of 11.37 million shares were traded, compared to the trading of 11.43 million shares in the previous session.
Levels Of Support And Resistance For KDP Stock
The 24-hour chart illustrates a support level at 33.66, which if violated will result in even more drops to 33.03. On the upside, there is a resistance level at 35.23. A further resistance level may holdings at 36.17. The Relative Strength Index (RSI) on the 14-day chart is 58.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.67%. Stochastics%K at 83.70% indicates the stock is a selling.
The most recent change occurred on November 13, 2023 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $39 price target.
