Market Overview

SunTrust Says K-Cup Sales Rose 39% Over First Three Weeks of December

Related GMCR
CNBC's Stock Pops & Drops From December 15
CNBC's Stock Pops & Drops From December 10: Keurig Green Mountain, Goldman Sachs, Yum! Brands, Stillwater Mining
Making Money With Charles Payne: 11/25/14 (Fox Business)

SunTrust Robinson Humphrey's William Chappell offered some Nielsen-tracked data on sales of Green Mountain's (NASDAQ: GMCR) K-Cup for the four-week period ending Dec. 22nd.

K-Cup sales rose nearly 39 percent from the same period last year. Sales were up about 54 percent over November. Chappell said this deceleration was expected given the tough comps Green Mountain has faced following the Starbucks rollout last year.

K-Cup pricing was up 0.6 percent on a year-over-year basis. The SunTrust analyst said the rise in pricing was probably due to customers trading up to higher-priced K-Cups.

Systemwide K-Cup sales rose 48.6 percent over the period.

SunTrust maintains a Buy rating and $45 price target on shares of Green Mountain.

Latest Ratings for GMCR

DateFirmActionFromTo
Dec 2014Williams CapitalMaintainsOutperform
Nov 2014Longbow ResearchAssumesNeutral
Nov 2014Bank of AmericaMaintainsNeutral

View More Analyst Ratings for GMCR
View the Latest Analyst Ratings

Posted-In: Analyst Color Analyst Ratings

 

Related Articles (GMCR)

Around the Web, We're Loving...

Get Benzinga's Newsletters