Green Mountain Coffee Roasters major shareholder Buys $302,330,486 in Stock (GMCR)
Green Mountain Coffee Roasters (NASDAQ:GMCR) major shareholder Cola Co Coca acquired 2,805,591 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average cost of $107.76 per share, with a total value of $302,330,486.16. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Green Mountain Coffee Roasters (NASDAQ:GMCR) opened at 110.71 on Tuesday. Green Mountain Coffee Roasters has a one year low of $56.87 and a one year high of $124.42. The stock’s 50-day moving average is $100.2 and its 200-day moving average is $88.32. The company has a market cap of $18.017 billion and a price-to-earnings ratio of 31.34.
Green Mountain Coffee Roasters (NASDAQ:GMCR) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.13. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts predict that Green Mountain Coffee Roasters will post $3.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 1st. Stockholders of record on Thursday, July 3rd 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 Tuesday, July 1st.
A number of research firms have recently commented on GMCR. Analysts at Zacks reiterated a “neutral” rating on shares of Green Mountain Coffee Roasters in a research note on Friday. They now have a $109.00 price target on the stock. Finally, analysts at Buckingham Research reiterated a “buy” rating on shares of Green Mountain Coffee Roasters in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $103.09.
Green Mountain Coffee Roasters, Inc (NASDAQ:GMCR) is a specialty coffee and coffee maker.
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