Mon, Aug. 31, 1:25 PM
- A trio of beat-up beverage stocks is making a bid for a comeback today.
- DAVIDsTEA (DTEA +4.6%), SodaStream (SODA +3.8%), and Keurig Green Mountain (GMCR +4.8%) are all higher on a day when sector giants Starbucks, PepsiCo, and Coca-Cola are struggling to gain traction.
- Shares of SodaStream and Keurig are still down over 50% from where they stood a year ago, while DAVIDsTEA is down 49% since going public in early June.
Mon, Aug. 24, 1:55 PM
- Treehouse Foods (THS +1.3%) is higher after M&A talk picks up again.
- The company is reported to be in the hunt for Conagra's Ralcorp business.
- Also making a contrarian move today is Keurig Green Mountain (GMCR +1%).
- SA contributor Brian Nichols notes the company's +2% dividend yield provides a backstop. GMCR is -62% YTD, but has leveled out over the last week.
Thu, Aug. 6, 12:43 PM
Thu, Aug. 6, 9:29 AM
- The freefall of Keurig Green Mountain's (NASDAQ:GMCR) share price has investment firms scrambling to catch up.
- Many price targets are being cut in half as bullish scenarios are wadded up.
- On the other side of the coin, GMCR has now fallen below where Greenlight Capital closed out its well-publicized short position.
- Keurig has fallen to a level where activist investors could pressure management for major changes or a takeover bid (Coca-Cola or external) is offered up on a value play off the brand.
- GMCR -28.65% premarket to $53.50.
Thu, Aug. 6, 9:15 AM
Thu, Aug. 6, 8:00 AM
- Confidence in Keurig Green Mountain (NASDAQ:GMCR) erodes after the company lowered guidance and announced it would reduce its workforce by 5%.
- The job reduction is the largest in the company's history.
- Execs with Keurig Green Mountain acknowledged competitive pressure in the marketplace without going into specifics during the firm's earnings call.
- The sharp drop in GMCR share price is relevant to Coca-Cola (NYSE:KO) which has a 16% stake in the company.
- Earnings call transcript
- Previously: Keurig Green Mountain beats by $0.01, misses on revenue (Aug. 05 2015)
- Previously: Sales fall at Keurig Green Mountain, new $1B buyback unveiled (Aug. 05 2015)
- GMCR -30.19% premarket to $52.34.
Wed, Aug. 5, 5:38 PM
Wed, Aug. 5, 4:11 PM
- Keurig Green Mountain (NASDAQ:GMCR) issues a roughly in-line report for FQ3.
- Portion pack revenue increased fell 1% to $815M.
- Sales of brewers and accessories declined 26% to $952M during the period. A shift in product mix impacted results.
- The company's gross margin rate fell 750 bps to 36.0%. Unfavorable green coffee costs and brewer mix both chipped away at margins by at least 200 bps.
- Non-GAAP operating income rate -560 bps to 18.2%.
- A new $1B buyback program is authorized.
- Guidance: A sales decline at at low-single to mid-single digit rate is expected for FY15. FQ4 EPS of $0.70-$0.75 seen.
- Previously: Keurig Green Mountain beats by $0.01, misses on revenue
- GMCR-1.07% AH to $74.18.
Mon, Jul. 6, 2:14 PM
- Keurig Green Mountain (GMCR -3.6%) is slammed after SunTrust cut its stock price target to $70 from $95, citing a loss of market share to the likes of Kraft Heinz (KHC), JM Smucker (NYSE:SJM) and Starbuck (NASDAQ:SBUX).
- The firm thinks GMCR will need to address share losses for its company-owned brands sooner rather than later, which will pressure earnings; market share for GMCR-owned brands have dropped to 28% from 35% over the past year and posted a 5% sales decline and 12% volume decline in the most recent four-week period, according to Nielsen, lost to GMCR’s licensed partners which have stronger brands and are promoting their products more than GMCR.
- SunTrust says it does not believe GMCR wants simply to be a contract manufacturer for the industry; GMCR will need to step up promotions in the coming months while working through its higher-cost coffee hedges, which the firm cites as the key reason behind its FY 2015 earnings reduction.
Fri, Jun. 12, 8:49 AM| Fri, Jun. 12, 8:49 AM | 2 Comments
Fri, Jun. 5, 9:28 AM
- Morgan Stanley revises estimates on Keurig Green Mountain (NASDAQ:GMCR) to adjust for a slower rollout of the Kold platform, but keeps an Overweight rating locked in place.
- The investment firm sees the core "hot" business generating 7% revenue growth in 2016 just as the innovative "cold" business starts to hit results.
- The new price target on GMCR from Morgan is $130 from $140.
- GMCR +0.54% premarket to $83.34.
Fri, May 15, 10:54 AM
- Keurig Green Mountain (GMCR -7.6%) trades weak with the company's scheduled full launch of Keurig Kold pushed back to the 2016 holiday season.
- The product will be sold online and in certain retail outlets as early as this fall.
- Pricing on Keurig Kold was set at $299 to $369 - a mark higher than most analysts expected and well over the $79.99-$199.99 range of SodaStream machines.
- During a webcast yesterday, CEO Brian Kelley said 2016 would be a "significant" investment year for the company.
- He also highlighted the 50 patents Keurig already has lined up on the beverage system and 100 more in the application process.
- Coca-Cola (KO +0.2%) is a key distribution partner and investor in the Keurig Kold system.
- GMCR presentation slides (.pdf)
- Previously: Keurig -4.6% after Keurig Kold presentation (May. 14 2015)
Fri, May 15, 9:13 AM
Thu, May 14, 5:09 PM
- Keurig Green Mountain (NASDAQ:GMCR) has sold off to $98.31 AH after hosting a presentation (webcast) discussing its Keurig Kold cold-beverage maker.
- Kold, which has partner Coca-Cola's backing, launches this fall (pre-orders start this summer). SA author Seth Golden provided thoughts on Kold's feature set and market opportunity in March.
Thu, May 7, 9:20 AM
Thu, May 7, 8:42 AM
- Keurig Green Mountain (NASDAQ:GMCR) is down sharply after Q1 results miss estimates.
- A cut in 2015 guidance from the company due to weak brewer sales caught analysts and investors off-guard.
- Shares of GMCR are below $100 for the first time in almost a year.
- Previously: Keurig Green Mountain misses by $0.02, misses on revenue (May. 06 2015)
- GMCR -11.64% premarket to $95.50.
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