Insider Selling: Vecchio Jules A. Del Sells 60,500 Shares of Green Mountain Coffee Roasters Stock (GMCR)
Green Mountain Coffee Roasters (NASDAQ:GMCR) Director Vecchio Jules A. Del sold 60,500 shares of Green Mountain Coffee Roasters stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $118.48, for a total value of $7,168,040.00. Following the completion of the transaction, the director now directly owns 281,903 shares of the company’s stock, valued at approximately $33,399,867. The sale was disclosed in a legal filing with the SEC, which is available at this link.
GMCR has been the subject of a number of recent research reports. 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 investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $102.69.
Shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) traded up 0.47% during mid-day trading on Wednesday, hitting $119.964. The stock had a trading volume of 5,957,046 shares. 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 saw a significant 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. Currently, 27.5% of the company’s shares are sold short. Based on an average daily trading volume, of 2,178,099 shares, the days-to-cover ratio is currently 15.1 days.
Green Mountain Coffee Roasters (NASDAQ:GMCR) last announced its earnings results on Wednesday, February 5th. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts predict that Green Mountain Coffee Roasters will post $3.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, May 2nd. Investors of record on Friday, April 4th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Wednesday, April 2nd.
Green Mountain Coffee Roasters, Inc (NASDAQ:GMCR) is a specialty coffee and coffee maker.
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