Green Mountain to manufacture Costco brand K-Cup packs Green Mountain (GMCR) announced it is the exclusive manufacturer of Costco Kirkland Signature brand K-Cup packs for the Keurig single cup brewing system. Green Mountain has developed two blends exclusively for Costco with 100% Arabica coffees: Breakfast Blend and Pacific Bold. The varieties, packaged in 100-count boxes, will be available beginning in mid-November in Costco warehouses where K-Cup packs are currently sold, as well as on Costco.com.
Keurig Green Mountain price target lowered to $95 from $117 at BofA/Merrill BofA/Merrill lowered Neutral rated Keurig Green Mountain's price target to $95 from $117 and lowered estimates to reflect 2016 spending and slower hot platform growth. The firm expects 2016 to be a significant investment year and lowered its hot brewer expectations due to a muted consumer reception for second generation brewers.