Follow Us

KDP Stock Price Prediction: Keurig Dr Pepper Inc. Shares to Rise?

Share on facebook
Share on twitter
Share on linkedin

Share

KDP Stock Price
Share on facebook
Share on twitter
Share on linkedin

Keurig Dr Pepper Inc. (NASDAQ: KDP), KDP stock price, fell due to the earnings report, as shareholders become price conscious. KDP shareholders seem to have influential power to move prices. Therefore it might be important for Keurig Dr Pepper Inc. to keep its stakeholders satisfied. The KDP stock price is relaxed on the front of keeping the directors satisfied, as their actions show their support for the company’s motive. 

Keurig Dr Pepper Inc. CFO, Shekhar Priyadarshi Sudhanshu, has bought about 20,000 shares of the company, dated February 27, 2023. The investors believe if the Chief Financing Officer himself shows faith in the company, the company may end up owning strong financial grounds. The share purchase was valued at $711,800, with $35.59 for each share. 

Keurig Dr Pepper Inc. to Payout Dividend

In light of the notion of keeping stakeholders happy, the dividend for the shareholders of Keurig Dr Pepper Inc. is scheduled for March 31, 2023, as its record date. KDP stock price can expect a rise as the dividend amount beats the past three consecutive declared amounts. 

After 3 payouts, the company has announced to payout an amount higher than previous ones. The current dividend is declared to be $0.78, whereas the previous three amounts were 0.71 for 2021, $0.60 for 2020, and $0.60 for 2019. 

A similar pattern can be seen in the dividend yield ratio. The yield for 2022 is 2.17%, whereas for 2021, 2020, and 2019 are 1.93,1.88, and 2.07, respectively. The payout ratio for 2022 is 77.10%, higher than the past three payouts. 

KDP Stock Price Action

Source: TradingView

KDP stock price fell on the release of a negative earnings report. The fall in KDP stock price mounted to more than 5%, after which $33.99 was support. The prices retraced from that level as the news surfaced about CFO buying the dip. The KDP share price is anticipated to rise by the record date of the declared dividend. 

KDP stock price is predicted to rise to $35.90, breaking the first level of the Fib retracement. The rise, if successfully established, can witness consolidation, aiming for higher levels. The stronger target is predicted to be around $39.0. 

The volume shows the mixed response from the investors. KDP stock price has followed the declining streak and now hints at a possible price reversal. The RSI suggests declining seller dominance as it moves closer to the half line. The MACD formed a narrow negative cross and recorded a few seller bars. 

Conclusion

Keurig Dr Pepper Inc. share price is preparing for a price rally and aiming for $39.00. The rise can be witnessed after the price breaks out of the second retracement level. The indicators hint at approaching bulls and take support from various influential factors. 

Technical levels

Support levels: 8.44 and $11.08

Resistance levels: $5.79 and $5.00

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Leave a Reply

Your email address will not be published. Required fields are marked *

Download our App for getting faster updates at your fingertips.

en_badge_web_generic.b07819ff-300x116-1

We Recommend

Top Rated Cryptocurrency Exchange

-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00