Shares of Green Mountain Coffee Roasters GMCR are up more than 2 percent Tuesday morning on the heels of an earlier research note from KeyBanc's Akshay Jagdale. With about four hours left in the intraday trading session, the stock is around $73.43 at last check.
Following some comments from Coca-Cola KO CEO Muhtar Kent at the Beverage Digest Conference on Monday, Jagdale believes a Green Mountain deal with Coca-Cola could be on the table if the maker of the Keurig can offer a quality cold-platform product. Kent called the single-serve dispensing line of products more of an opportunity than a threat, but seemed to suggest further innovation will be needed.
Jagdale noted several "key technological hurdles" which Green Mountain's Keurig cold has overcame:
Market News and Data brought to you by Benzinga APIs- "the beverage had to come out cold;
- preparation time had to be at or less than 60 seconds;
- carbonation had to be achieved without the use of a CO2 cylinder; and
- the system had to be capable of delivering a perfect dose for each beverage/brand."
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