Keurig Dr Pepper Inc’s recent filing unveils that its Former officer/director YOUNG LARRY D acquired Company’s shares for reported $3.7 million on Sep 03 ’24. In the deal valued at $36.96 per share,100,000 shares were bought.
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Then, YOUNG LARRY D bought 100,000 shares, generating $3,495,896 in total proceeds.
Before that, Archambault Matthew Andrew sold 8,000 shares. Keurig Dr Pepper Inc shares valued at $273,520 were divested by the President, US Refreshment Bev. at a price of $34.19 per share. As a result of the transaction, Archambault Matthew Andrew now holds 12,565 shares, worth roughly $0.46 million.
Citigroup upgraded its Keurig Dr Pepper Inc [KDP] rating to a Buy from a a Neutral in a research note published on September 23, 2024; the price target was increased to $43 from $36. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in late June with a ‘”a Neutral”‘ rating. Truist also remained covering KDP and has increased its forecast on June 17, 2024 with a “Hold” recommendation from previously “Sell” rating. Morgan Stanley revised its rating on January 03, 2024. It rated KDP as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of KDP
On Tuesday, Keurig Dr Pepper Inc [NASDAQ:KDP] saw its stock fall -0.03% to $36.92. Keurig Dr Pepper Inc shares have risen nearly 10.80% since the year began. Nevertheless, the stocks have risen 28.87% over the past one year. While a 52-week high of $38.28 was reached on 09/24/24, a 52-week low of $28.32 was recorded on 03/15/24. SMA at 50 days reached $36.69, while 200 days put it at $33.37.
Levels Of Support And Resistance For KDP Stock
The 24-hour chart illustrates a support level at 36.71, which if violated will result in even more drops to 36.50. On the upside, there is a resistance level at 37.06. A further resistance level may holdings at 37.20. The Relative Strength Index (RSI) on the 14-day chart is 53.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.42%. Stochastics %K at 67.99% indicates the stock is a holding.
How much short interest is there in Keurig Dr Pepper Inc?
A steep rise in short interest was recorded in Keurig Dr Pepper Inc stocks on 2024-09-30, dropping by -1.25 million shares to a total of 21.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 23.02 million shares. There was a decline of -5.74%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 22, 2023 when HSBC Securities began covering the stock and recommended ‘”a Hold”‘ rating along with a $37 price target.
