Keurig Green Mtn (NASDAQ:GMCR) Receives a Downgrade
In a recent report distributed to Clients on Tuesday, 8 December, Williams Capital Group has cut shares of Keurig Green Mtn (NASDAQ:GMCR) stock to a Hold and has set an estimated 12-month PT equal to $92.0. GMCR’s last stock rating by Williams Capital Group was a Buy.
From a total of 10 analysts covering Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) stock, 2 rate it a ”Buy”, 1 a “Sell”, and 14 a ”Hold”. This means that 12% of the ratings are positive. The highest target price is $92 while the lowest target price is $46. The mean of all analyst targets is $70.9 with a -27.66% below today’s ($89.65) stock price. Green Mountain Coffee Roasters Inc. was the topic of 32 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on December 8 with “Neutral” rating. Suntrust Robinson maintained shares with “Neutral” rating and $50 target share price in a report from a November 11. Roth Capital maintained GMCR stock in a recent report from November 19 with “Neutral” rating. SunTrust maintained the rating on November 11. SunTrust has a “Neutral” rating and a $50.0 price target on shares. Finally, TH Capital maintained the stock with “Neutral” rating in a report issued on a November 19.
The stock increased 0.85% or $0.76 during the last trading session, striking $89.65. Approximately shares of stock traded hands. Keurig Green Mountain Inc (NASDAQ:GMCR) has declined 17.05% since May 6, 2015 and is downtrending. It has underperformed by 16.26% the S&P500.
The overall sentiment of institutions has increased to 1 in Q2 2015. Its up 0.21, from 0.79 in 2015Q2. The ratio is positive, as 80 institutions have sold all the shares of Keurig Green Mountain Inc that they owned while 104 funds have taken shares off the table. 46 funds have purchased shares for the first time while 138 added to their positions. These institutions now hold 101.34 million shares or 0.36% more than the 100.97 million shares they owned in 2015Q2.
The Fund Smith Thomas W currently is holding shares equating to 6.82% of its total portfolio in Keurig Green Mountain Inc representing a total of 154,842 shares. Another fund,Hunter Associates Inc., is holding a total of 193,680 shares equating to 4.74% of their holdings. Additionally, Prescott General Partners Llc has a 1.01 million share stake in Keurig Green Mountain Inc which represents 3.87% of their total portfolio. The Fund, Eminence Capital Lp, based out of New York, has also built up a stake in the stock, which represents a total of 2.98% of their total portfolio. Finally Armistice Capital Llc, a fund which is based in the state of New York reported a total holdings of 154,000 shares.
Keurig Green Mountain, Inc. is a personal beverage system company. The company has a market cap of $13.24 billion. The Firm is engaged in producing specialty coffee, coffeemakers, teas and other beverages in the United States and Canada. It has 28.66 P/E ratio. It operates through two divisions: Domestic and Canada.
According to Zacks Investment Research, “Keurig Green Mountain, Inc. engages in the beverage business. It sells high-quality premium coffee and innovative coffee brewing systems. The Company provides Keurig single-cup brewing systems which includes Keurig single-cup brewer, K-Cup portion packs used by the system, as well as related accessories. Keurig also offers traditional whole bean and ground coffee in other package types including bags, fractional packages and cans. The Company also produces and sells other specialty beverages in portion packs including hot apple cider, hot and iced teas, iced coffees, iced fruit brews, hot cocoa and other dairy-based beverages. Keurig Green Mountain, Inc., formerly known as Green Mountain Coffee Roasters, Inc., is based in United States.” Get a free copy of the Zacks research report on Keurig Green Mountain Inc (GMCR).