Campbell, Green Mountain Launching Soup K-Cups (MediaPost Communications)
Campbell Soup has struck a deal with Green Mountain Coffee Roasters to begin selling soup in K-cups, for heating in GMCR’s Kuerig coffee machines. Campbell Soup Company (NYSE:CPB) expects to introduce the first three flavors in 2014, one of which will be chicken noodle. The K-cups contain soup broth, and come with packets of dried noodles and vegetables to mix into the heated broth. These will be the first non-beverage K-cups from Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), which is seeking expansion to counter competition from generic single-serve coffee cups, since GMCR’s K-cup patents expired in fall 2011, noted the Wall Street Journal.
Starbucks opens its 21st store in Pune (Business Standard)
Tata Starbucks, the 50/50 joint venture between Starbucks Corporation (NASDAQ:SBUX) and Tata Global Beverages is launching the first Starbucks store in Pune this Sunday. Taking the total number of Starbucks outlet in India to 21. Celebrating the cultural history of the city, this flagship store is located off North Main Road at Koregaon Park – a popular neighborhood in Pune – and promises to offer coffee lovers an enriching and elevated coffeehouse experience.
Sodastream International Ltd (SODA), Starbucks Corporation (SBUX), Green Mountain Coffee Roasters Inc. (GMCR): Who’s a Downgrade? (Insider Monkey)
It’s not easy being Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR). SunTrust downgraded shares of the company behind the Keurig single-serve coffee marker from buy to neutral this morning. What if Green Mountain makes a play for Sodastream International Ltd (NASDAQ:SODA)’s faster-growing carbonated beverage niche? That’s not as outlandish as it may seem, and even Green Mountain has voiced an interest in new beverage platforms including soft drinks. Sodastream International Ltd (NASDAQ:SODA) shares have actually been under pressure since Green Mountain Coffee Roasters Inc.’s throwaway comment this summer about its interest in carbonation.
Green Mountain Coffee Roasters Given a $95.00 Price Target by Canaccord Genuity Analysts (GMCR) (The Utah People’s Post)
Equities researchers at Canaccord Genuity set a $95.00 price objective on shares of Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) stock in a research report issued on Thursday, Stock Ratings Network.com reports. Canaccord Genuity’s target price indicates a potential upside of 10.08% from the company’s current price. Several other analysts have also recently commented on the stock. Analysts at SunTrust downgraded shares of Green Mountain Coffee Roasters from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. Separately, analysts at Northcoast Research initiated coverage on shares of Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) in a research note to investors on Friday, August 23rd. They set a “buy” rating on the stock.
Starbucks Set for Steep Chinese Upside (Barron’s)
We expect continued Americas and global comparable-store momentum, accelerating Americas and China/Asia Pacific unit growth, and multiple near- and medium-term Consumer Products Group and emerging-market opportunities to result in raised fiscal 2014 earnings-per-share estimates. Therefore, we initiate coverage of Starbucks Corporation (NASDAQ:SBUX) with an Outperform rating. Even with recent declines in Starbucks’ bagged-coffee prices, a more normalized pricing environment within single-serve through the fiscal fourth quarter may be necessary to drive year-over-year channel development growth above high single-digits in the quarter.