Wednesday after the markets close, Keurig Green Mountain Inc. (NASDAQ: GMCR) is set to report its fiscal first-quarter financial results. Thomson Reuters has consensus estimates of $0.89 in earnings per share (EPS) and $1.47 billion in revenue. In the first quarter of the previous year, the company posted $0.96 in EPS and revenue of $1.39 billion.
It is worth noting that Coca-Cola Co. (NYSE: KO) has been diversifying its holdings through the beverage industry. In the past year the soda giant took a sizable stake in Monster Beverage Corp. (NASDAQ: MNST), as well as about a 16% minority stake in Keurig.
Keurig issued a media advisory in December after many media reports had already been published. The company said that its recall was voluntary and noted that the 200 incident reports the company received equaled just 0.003% of the total number of MINI Plus units the company had shipped. The total recall was for over 7 million coffee makers. The reported number of injuries — 90 — is much smaller.
On the year, shares of Keurig are up roughly 20%. However, it has backed off recent highs. Looking at the chart, there have been a couple big jumps by the stock over the past six months, excluding the most recent fall in November for earnings.
In January, Credit Agricole initiated coverage of Keurig with an Underperform rating and a price target of $130. Zacks reiterated a Neutral rating with a $134 price target.
The 50-day moving average is at $133.63 and has acted as an overhang for the stock since the end of November. The 200-day moving average is $127.19 and is currently being tested by shares.
Shares of Keurig were down 1% at $124.71 in Thursday morning trading. The stock has a consensus analyst price target of $148.23 and a 52-week trading range of $80.30 to $158.87.
ALSO READ: The Bullish and Bearish Case for Coca-Cola in 2015
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.