Keurig Dr Pepper Inc’s filing revealed that its 10% Owner JAB BevCo B.V. unloaded Company’s shares for reported $2.25 billion on Oct 30 ’24. In the deal valued at $32.65 per share,69,000,000 shares were sold. As a result of this transaction, JAB BevCo B.V. now holds 214,443,879 shares worth roughly $7.04 billion.
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Then, YOUNG LARRY D bought 100,000 shares, generating $3,695,890 in total proceeds.
Before that, YOUNG LARRY D bought 100,000 shares. Keurig Dr Pepper Inc shares valued at $3,495,896 were divested by the Former officer/director at a price of $34.96 per share.
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 Friday, Keurig Dr Pepper Inc [NASDAQ:KDP] saw its stock fall -0.39% to $32.82. Over the last five days, the stock has lost -5.09%. Keurig Dr Pepper Inc shares have fallen nearly -1.50% since the year began. Nevertheless, the stocks have risen 7.75% over the past one year. While a 52-week high of $38.28 was reached on 09/24/24, a 52-week low of $28.61 was recorded on 03/15/24. SMA at 50 days reached $36.45, while 200 days put it at $33.46.
Levels Of Support And Resistance For KDP Stock
The 24-hour chart illustrates a support level at 32.63, which if violated will result in even more drops to 32.43. On the upside, there is a resistance level at 33.00. A further resistance level may holdings at 33.17. The Relative Strength Index (RSI) on the 14-day chart is 19.26, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.63%. Stochastics %K at 11.41% indicates the stock is a buying.
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 2024-10-15, dropping by -1.07 million shares to a total of 20.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 21.72 million shares. There was a decline of -5.19%, 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.
