Keurig Dr Pepper Inc’s recently made public 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 $6.6 billion.
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.
Piper Sandler initiated its Keurig Dr Pepper Inc [KDP] rating to a Neutral in a research note published on January 07, 2025; the price target was $35. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in mid December from “a Hold” to “a Buy”. Citigroup also remained covering KDP and has increased its forecast on September 23, 2024 with a “Buy” recommendation from previously “Neutral” rating. Exane BNP Paribas started covering the stock on June 24, 2024. It rated KDP as “a Neutral”.
Price Performance Review of KDP
On Monday, Keurig Dr Pepper Inc [NASDAQ:KDP] saw its stock jump 1.32% to $30.78. Over the last five days, the stock has lost -2.41%. Keurig Dr Pepper Inc shares have fallen nearly -4.17% since the year began. Nevertheless, the stocks have fallen -3.12% over the past one year. While a 52-week high of $38.28 was reached on 01/02/25, a 52-week low of $28.61 was recorded on 01/13/25. SMA at 50 days reached $32.47, while 200 days put it at $33.92.
Levels Of Support And Resistance For KDP Stock
The 24-hour chart illustrates a support level at 30.32, which if violated will result in even more drops to 29.85. On the upside, there is a resistance level at 31.05. A further resistance level may holdings at 31.31. The Relative Strength Index (RSI) on the 14-day chart is 35.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.02%. Stochastics %K at 18.57% 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 2024-12-31, growing by 5.36 million shares to a total of 22.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 16.89 million shares. There was a rise of 24.09%, which implies that there is a positive sentiment for the stock.
