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Stock Market & Financial Investment News

News Breaks
August 6, 2014
13:31 EDTSJM, GMCR, NSRGYEarnings Preview: Keurig Green Mountain expects Q3 EPS of 83c-88c
Keurig Green Mountain (GMCR) is scheduled to report third quarter results after the market close on Wednesday, August 6, with a conference call scheduled for 5:00 pm ET. Keurig Green Mountain, formerly Green Mountain Coffee Roasters, is engaged in the specialty coffee and coffee maker businesses and owns the "Keurig" brand of single-serve coffee makers and products. EXPECTATIONS: Analysts are looking for earnings per share of 88c on revenue of $1.05B, according to First Call. The consensus range for EPS is 85c-96c on revenue of $980M-$1.16B. LAST QUARTER: Keurig Green Mountain reported second quarter EPS of $1.08 excluding items against estimates for 94c, on revenue of $1.1B against estimates for $1.05B. The company forecast Q3 EPS of 83c-88c and net sales growth in the high single digits over the third quarter of fiscal year 2013. At that time Keurig Green Mountain also forecast its fiscal year 2014 adjusted EPS view of $3.63-$3.73 against estimates at that time of $3.72, and guided to FY14 net sales growth in the high single digits over fiscal year 2013. The company also forecast FY14 free cash flow of $250M-$350M and capital expenditures of $350M-$400M. Keurig also announced an additional $1B share repurchase plan. NEWS: As it reported its Q2 earnings, Keurig announced a multi-year agreement with J.M. Smucker (SJM) for the manufacturing, marketing, distribution, and sale of the Smucker family of coffee brands, including the Folgers, Folgers Gourmet Selections, Café Bustelo and Millstone brands, into Keurig portion packs formats. During the quarter, Keurig announced a multi-year agreement with Nestle U.S.A. (NSRGY) to bring Coffee-Mate branded coffee with creamer to K-Cup packs. At June's William Blair Growth Stock Conference, Keurig said its cold system will be launched in 2015. STREET RESEARCH: Argus upgraded Keurig Green Mountain to Buy from Hold in June and expects FY14 revenue growth of 10% as sales of K-Cups and brewers increase. During the quarter, shares were also downgraded to Neutral from Buy at Buckingham and initiated with a Neutral rating at BTIG. Greenlight Capital is "short" Keurig Green Mountain. PRICE ACTION: Over the last three months, Keurig Green Mountain shares are up almost 25%. Year-to-date, shares are up over 57%. Ahead of today's earnings, shares are up almost 1% to $118.65.
News For GMCR;SJM;NSRGY From The Last 14 Days
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December 15, 2014
06:38 EDTGMCRKeurig Green Mountain transferring coffee buying to Switzerland, Reuters says
Keurig Green Mountain is moving a majority of its U.S. coffee buying operations to Switzerland, emulating its competitors, according to Reuters. The move will make the company "a global beverage player," Reuters quoted a Green Mountain spokeswoman as saying. Reference Link
December 11, 2014
09:00 EDTGMCRKeurig Green Mountain announces expanded agreement with Caribou Coffee
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December 10, 2014
17:07 EDTSJMJ.M. Smucker announces price increases on K-cup packs
The J. M. Smucker Company announced that it is increasing the list price on its K-Cup packs sold in the United States under the Folgers, Folgers Gourmet Selections, Cafe Bustelo, and Millstone brand names. Prices will increase an average of 8%. The price increase, which will be effective on January 5, 2015, is in response to sustained increases in costs.
11:41 EDTGMCRGreen Mountain Coffee December calls active
Green Mountain Coffee December weekly 140 calls are active on total call volume of 2,200 contracts, compared to its open interest of 395 contracts. December weekly call option implied volatility is at 57, December is at 37, January is at 32, March is at 33; compared to its 26-week average of 42 according to Track Data. Active call volume suggests traders taking positions for large near term price movement

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