Keurig Green Mountain Sees Unusually Large Options Volume (GMCR)
Shares of Keurig Green Mountain (NASDAQ:GMCR) were the recipient of unusually large options trading on Friday. Stock investors acquired 10,240 call options on the company, Stock Ratings Network.com reports. This represents an increase of 106% compared to the typical daily volume of 4,962 call options.
GMCR has been the subject of a number of recent research reports. Analysts at Williams Capital raised their price target on shares of Keurig Green Mountain from $125.00 to $131.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Argus reiterated a “buy” rating on shares of Keurig Green Mountain in a research note on Friday, August 15th. They now have a $140.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Keurig Green Mountain in a research note on Friday, August 8th. They now have a $122.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $113.25.
Keurig Green Mountain (NASDAQ:GMCR) traded up 13.26% on Friday, hitting $133.36. The stock had a trading volume of 10,770,117 shares. Keurig Green Mountain has a one year low of $56.87 and a one year high of $128.50. The stock’s 50-day moving average is $119.2 and its 200-day moving average is $112.0. The company has a market cap of $21.661 billion and a price-to-earnings ratio of 31.71.
Keurig Green Mountain (NASDAQ:GMCR) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.88 by $0.11. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts predict that Keurig Green Mountain will post $3.80 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 31st. Shareholders of record on Friday, October 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.75%. The ex-dividend date is Wednesday, October 1st.
Keurig Green Mountain, Inc, formerly Green Mountain Coffee Roasters, Inc, is a specialty coffee and coffeemaker businesses in the United States and Canada.
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