Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Keurig Dr Pepper Inc shares valued at $2,252,850,000 were sold by JAB BevCo B.V. on Oct 30 ’24. At $32.65 per share, JAB BevCo B.V. sold 69,000,000 shares. The insider’s holdings dropped to 214,443,879 shares worth approximately $6.96 billion following the completion of this transaction.
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Also, YOUNG LARRY D purchased 100,000 shares, netting a total of over 3,695,890 in proceeds.
Before that, YOUNG LARRY D had added 100,000 shares to its account. In a trade valued at $3,495,896, the Former officer/director bought Keurig Dr Pepper Inc shares for $34.96 each.
As published in a research note from Deutsche Bank on December 12, 2024, Keurig Dr Pepper Inc [KDP] has been rated up from a Hold to a Buy and the price target has been revised to $39 from $37. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late September. As of June 24, 2024, Exane BNP Paribas has initiated its “Neutral” rating for KDP. Earlier on June 17, 2024, Truist upgraded its rating. Their new recommendation was “a Hold” for KDP stock which previously was a “a Sell”.
Analyzing KDP Stock Performance
During the last five days, there has been a drop of approximately -1.73%. Over the course of the year, Keurig Dr Pepper Inc shares have dropped approximately -2.55%. Shares of the company reached a 52-week high of $38.28 on 09/24/24 and a 52-week low of $28.61 on 03/15/24. A 50-day SMA is recorded $33.43, while a 200-day SMA reached $33.82. Nevertheless, trading volume fell to 2.25 million shares from 6.61 million shares the previous day.
Support And Resistance Levels for Keurig Dr Pepper Inc (KDP)
According to the 24-hour chart, there is a support level at 32.17, which, if violated, would cause prices to drop to 31.88. In the upper region, resistance lies at 32.62. The next price resistance is at 32.78. RSI (Relative Strength Index) is 43.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.61, which suggests the price will decrease in the coming days. Percent R is at 72.38%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
