Keurig Green Mountain Inc using SYMBOL code NASDAQ:GMCR has had its stock rating noted as “Downgrade” with the recommendation being set at “OVERWEIGHT >> EQUAL-WEIGHT” today by analysts at Morgan Stanley.
Brokerage firm Goldman Sachs Downgrades its rating on Keurig Green Mountain(NASDAQ:GMCR).
Shares of Keurig Green Mountain, Inc. We attribute the improved trends to lower price points (driven mainly by mix rather than increased promotional intensity), much better online reviews, the introduction of the entry level price point 2.0 technology K200/250 series brewer and the restocking of the Mini following the recalls last December.
Keurig Green Mountain has gapped open dramatically lower Thursday morning and is now down 21.39 at $53.59 on above average volume. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The stock was purchased at an average cost of $88.76 per share, for a total transaction of $221,900.00.
Keurig’s stock closed out the day trading in the $75 range, down from about $132 at the start of 2015.
The company has also announced a new share repurchase program up to $1bn to be implemented in the next two years. The New York-based fund Teewinot Capital Advisers L.L.C. is also positive about the stock, possessing 189,180 shares or 7.25% of their US long equity exposure.
The company has a market capitalization of $8.11 billion and a price-to-earnings ratio of 14.65. Pods made up the overwhelming majority of sales, with $815 million, marking a 1 percent drop.
Keurig Green Mountain reported third quarter earnings per share, excluding certain items, of 80c, versus the consensus outlook of 79c. Analysts were expecting earnings of 79 cents a share on revenues of $1.04 billion.
Keurig Green Mountain (NASDAQ:GMCR) plunged after the maker of single-serve coffee systems lowered its guidance for fiscal full-year profit and sales, hurt by weak demand for its brewers and single-serve coffee pods.
Keurig Green Mountain (GMCR) is learning that investors are a lot like a cup of coffee: They can grow cold and bitter in a matter of minutes. Most of those will come during its current fiscal quarter. The Organization also offers traditional whole bean and ground coffee in other package types including fractional packages totes and cans. The Company operates in two segments: Domestic segment and Canadian segment.
