In a filing, Keurig Dr Pepper Inc revealed its 10% Owner JAB BevCo B.V. unloaded Company’s shares for reported $2.74 billion on Feb 26 ’25. In the deal valued at $32.65 per share,83,950,000 shares were sold. As a result of this transaction, JAB BevCo B.V. now holds 134,113,479 shares worth roughly $4.5 billion.
Then, JAB BevCo B.V. bought 3,619,600 shares, generating $120,677,464 in total proceeds. Upon buying the shares at $33.34, the 10% Owner now owns 218,063,479 shares.
Before that, JAB BevCo B.V. sold 69,000,000 shares. Keurig Dr Pepper Inc shares valued at $2,252,850,000 were divested by the 10% Owner at a price of $32.65 per share. As a result of the transaction, JAB BevCo B.V. now holds 214,443,879 shares, worth roughly $7.19 billion.
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 Friday, Keurig Dr Pepper Inc [NASDAQ:KDP] saw its stock fall -0.27% to $33.52. Over the last five days, the stock has lost -1.53%. Keurig Dr Pepper Inc shares have risen nearly 4.36% since the year began. Nevertheless, the stocks have risen 13.63% over the past one year. While a 52-week high of $38.28 was reached on 02/25/25, a 52-week low of $28.61 was recorded on 01/13/25. SMA at 50 days reached $32.02, while 200 days put it at $33.93.
Levels Of Support And Resistance For KDP Stock
The 24-hour chart illustrates a support level at 33.15, which if violated will result in even more drops to 32.78. On the upside, there is a resistance level at 34.06. A further resistance level may holdings at 34.60. The Relative Strength Index (RSI) on the 14-day chart is 58.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.18%. Stochastics %K at 55.78% indicates the stock is a holding.
