Insider Selling: Green Mountain Coffee Roasters Insider Unloads 10,921 Shares of Stock (GMCR)
Green Mountain Coffee Roasters (NASDAQ:GMCR) Insider Sylvain Toutant sold 10,921 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $111.74, for a total transaction of $1,220,312.54. Following the transaction, the insider now directly owns 325 shares in the company, valued at approximately $36,316. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on GMCR shares. Analysts at Longbow Research downgraded shares of Green Mountain Coffee Roasters from a “buy” rating to a “neutral” rating in a research note on Wednesday. They now have a $123.00 price target on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Green Mountain Coffee Roasters in a research note on Friday, February 7th. They now have a $123.00 price target on the stock. Finally, analysts at Bank of America reiterated a “neutral” rating on shares of Green Mountain Coffee Roasters in a research note on Friday, February 7th. They now have a $108.00 price target on the stock, up previously from $87.00. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $102.69.
Green Mountain Coffee Roasters (NASDAQ:GMCR) traded up 0.47% on Wednesday, hitting $119.964. 5,957,046 shares of the company’s stock traded hands. Green Mountain Coffee Roasters has a 52-week low of $43.01 and a 52-week high of $120.77. The stock has a 50-day moving average of $83.63 and a 200-day moving average of $75.88. The company has a market cap of $17.845 billion and a price-to-earnings ratio of 35.44. Green Mountain Coffee Roasters also was the recipient of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 32,931,273 shares, a decline of 12.3% from the January 15th total of 37,550,842 shares. Based on an average trading volume of 2,178,099 shares, the short-interest ratio is currently 15.1 days. Approximately 27.5% of the company’s shares are short sold.
Green Mountain Coffee Roasters (NASDAQ:GMCR) last released its earnings data on Wednesday, February 5th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.06. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts expect that Green Mountain Coffee Roasters will post $3.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 2nd. Stockholders of record on Friday, April 4th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, April 2nd.
Green Mountain Coffee Roasters, Inc (NASDAQ:GMCR) is a specialty coffee and coffee maker.
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