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Shares of Starbucks and Keurig Green Mountain Dip After Wells Fargo Note

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Earlier on Thursday, Wells Fargo analyst Bonnie Herzog issued a note in which she maintained an Outperform rating on Starbucks (NASDAQ: SBUX) citing Nielsen data.

Wells Fargo does not currently cover Keurig Green Mountain (NASDAQ: GMCR).

Shares of Starbucks and Keurig are down ~0.8 and ~0.5 percent, respectively, following Herzog's note. Highlights from the Nielsen data are listed below.

Starbucks

  • U.S. total market share in packaged coffee up 140 bps year-over-year to 12.2 percent
  • Single-serve pod share up 15 percent year-over-year
  • Dollar sales of packaged coffee excluding pods up 6.1 percent due to 11.2 percent unit growth and 4.5 percent pricing increase.

Keurig

  • Pod market share fell from 40.6 percent a year ago to 34.1 percent
  • Dollar sales down 4.2 percent

Latest Ratings for SBUX

DateFirmActionFromTo
Jul 2015RBC CapitalReiteratesOutperform
Jul 2015BTIG ResearchInitiates Coverage onBuy
Jul 2015Goldman SachsDowngradesConviction BuyBuy

View More Analyst Ratings for SBUX
View the Latest Analyst Ratings

Posted-In: Bonnie Herzog Wells FargoAnalyst Color News Reiteration Retail Sales Analyst Ratings

 

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