Green Mountain Coffee Roasters Inc. Announces Special Dividend of $0.25 (GMCR)
Green Mountain Coffee Roasters (NASDAQ:GMCR) announced a special dividend on Wednesday, January 8th, AnalystRatings.Net reports. Investors of record on Friday, January 17th will be paid a dividend of 0.25 per share on Friday, February 14th. The ex-dividend date is Wednesday, January 15th.
GMCR has been the subject of a number of recent research reports. Analysts at Jefferson Research downgraded shares of Green Mountain Coffee Roasters from a “buy” rating to a “hold” rating in a research note to investors on Friday, January 3rd. On the ratings front, analysts at Williams Capital raised their price target on shares of Green Mountain Coffee Roasters from $98.00 to $106.00 in a research note to investors on Thursday, December 5th. They now have an “outperform” rating on the stock. Finally, analysts at Janney Montgomery Scott upgraded shares of Green Mountain Coffee Roasters from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, November 21st. They now have a $80.00 price target on the stock, up previously from $65.50. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $88.77.
Shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) traded up 1.13% on Wednesday, hitting $80.59. The stock had a trading volume of 3,251,101 shares. Green Mountain Coffee Roasters has a one year low of $38.73 and a one year high of $89.66. The stock’s 50-day moving average is $71.94 and its 200-day moving average is $73.59. The company has a market cap of $12.010 billion and a P/E ratio of 25.22.
Green Mountain Coffee Roasters (NASDAQ:GMCR) last posted its quarterly earnings results on Wednesday, November 20th. The company reported $0.89 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.14. The company had revenue of $1.00 million for the quarter, compared to the consensus estimate of $966.27 million. During the same quarter last year, the company posted $0.64 earnings per share. Green Mountain Coffee Roasters’s revenue was up 10.6% compared to the same quarter last year. Analysts expect that Green Mountain Coffee Roasters will post $3.80 EPS for the current fiscal year.
In other Green Mountain Coffee Roasters news, Director David Moran sold 40,000 shares of Green Mountain Coffee Roasters stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $74.61, for a total transaction of $2,984,400.00. Following the completion of the sale, the director now directly owns 6,114 shares of the company’s stock, valued at approximately $456,166. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Green Mountain Coffee Roasters, Inc (NASDAQ:GMCR) is engaged in the specialty coffee and coffee maker businesses.
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