Green Mountain price target raised to $55 from $45 at KeyBanc Following Green Mountain's management meetings, KeyBanc has increased confidence there will not be a K-cup price war near-term and expects lower coffee costs to help 2013 margins. The firm rates shares a Buy.
Keurig Green Mountain now exclusive manufacturer of Meijer Brand-K-Cup Keurig Green Mountain announced that it is now the exclusive manufacturer of Meijer Brand K-Cup packs for the Keurig hot brewing system. Financial terms of the agreement were not disclosed. The new Meijer Brand K-Cup packs are now available exclusively at Meijer stores.
Keurig receives notification from SEC regarding closing inquiry Keurig Green Mountain announced it has received notification from the Securities and Exchange Commission that it is closing the previously disclosed four-year inquiry into accounting and disclosure matters at the company and would not be recommending any enforcement action against the company or any of its current or former employees.