Analyst upbeat on Green Mountain cost saving quest (MSN Money)
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) could recognize substantial savings ahead, a KeyBanc analyst said Wednesday. The company held its inaugural investor day Tuesday in Boston. KeyBanc Capital Markets analyst Akshay Jagdale pointed to the company’s goal of trimming manufacturing, logistics and direct material costs to save as much as $100 million in 2014. Jagdale is optimistic about three new beverage systems being launched by the company over the next three years – which is more activity than has been seen in the past 10 years.
Starbucks brews plans to take Indian Expresso cuppa overseas (Hindu Business Line)
The Indian Expresso, sourced and roasted in India, may soon travel across coffee chain Starbucks Corporation (NASDAQ:SBUX)’s global network. Having completed almost a year in the country, the joint venture company Tata Starbucks is now looking at promoting some of its India sourced Arabica beans from Tata Coffee plantations. “The Indian Expresso is the hallmark at our stores. As the business here expands, we could look at taking the single-origin coffee and country-specific blends to neighbouring countries. There are opportunities in taking these Indian blends. In the past, we have taken country-specific blends across the network to Malaysia and China,” said Avani Davda, CEO, Tata Starbucks.
Sodastream International Sees Unusually High Options Volume (SODA) (WKRB News)
Shares of Sodastream International Ltd (NASDAQ:SODA) was the recipient of unusually large options trading activity on Tuesday. Stock traders purchased 9,208 put options on the stock, ARN reports. This represents an increase of approximately 196% compared to the typical volume of 3,113 put options. A number of research firms have recently commented on SODA. Analysts at Longbow Research initiated coverage on shares of Sodastream in a research note to investors on Wednesday, August 21st. They set a “buy” rating and a $79.00 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Sodastream International Ltd (NASDAQ:SODA) from $59.00 to $67.00 in a research note to investors on Thursday, August 1st.
Seeking Answers From Green Mountain Coffee (New York Times)
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR)’s first-ever investor day is Tuesday, and the company is flying high. The stock price of the company, which sells coffee machines under the Keurig brand and the little K-Cups that go in them, has soared more than 260 percent in the last year. Despite persistent questions, most of Wall Street remains resolutely bullish on Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), which has a market value of $12 billion.
New Starbucks in Moncton criticized for unilingual menu (CBC.ca)
A new Starbucks Corporation (NASDAQ:SBUX) outlet in downtown Moncton is grinding some nerves as the international coffee giant is serving up a menu written almost entirely in English. The familiar Starbucks logo is attracting long line-ups at the company’s fourth store in Moncton, but the fact that almost everything’s written in English is turning some people off. Frederic Mazerolle walks past the new Starbucks, as if it doesn’t exist. He said there’s too much of a French presence in Moncton for an international company, such as Starbucks Corporation (NASDAQ:SBUX), to use unilingual signs.