Keurig says 200 Vermont workers to be laid off

Its shares are down 53 percent over the past year.

Several other analysts have also recently weighed in on GMCR. (GMCR): 12 analysts have set the short term price target of Keurig Green Mountain, Inc.

Keurig expects to reduce its workforce by about 5 percent.

Keurig Green Mountain, Inc., formerly Green Mountain Coffee Roasters, Inc., is a specialty coffee and coffeemaker businesses in the United States and Canada. Finally, Morgan Stanley downgraded shares of Keurig Green Mountain from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $110.00 to $60.00 in a research report on Thursday. Keurig Green Mountain now has a consensus rating of “Hold” and an average price target of $108.87. In the meantime, pressure is on the company to successfully debut a new soda-making machine called Kold, which Keurig Green Mountain is slated to roll out later this year. The stock was acquired at an average price of $88.76 per share, with a total value of $221,900.00. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing.

Keurig also has a plant in Essex, Vermont. The New York-based fund Teewinot Capital Advisers L.L.C. is also positive about the stock, possessing 189,180 shares or 7.25% of their US long equity exposure. The disclosure for this purchase can be found here.

The company has a market capitalization of $8.11 billion and a price-to-earnings ratio of 14.65.

During the quarter, adjusted earnings per share came in at $0.80, versus the forecast for $0.78 according to Bloomberg. Analysts were expecting earnings of 79 cents a share on revenues of $1.04 billion. Fourth quarter non-GAAP EPS is expected to be between $0.70 and $0.75. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. The company’s results and fiscal 2016 guidance have made Grainger more concerned about the risk facing Keurig’s hot drinks business. (GMCR): On Tuesday heightened volatility was witnessed in Keurig Green Mountain, Inc.

Keurig Green Mountain (NASDAQ:GMCR) plunged after the maker of single-serve coffee systems lowered its guidance for fiscal full-year profit and sales, hurt by weak demand for its brewers and single-serve coffee pods. The Business offers traditional whole bean and ground coffee in other package types including cans, fractional packages and bags. The Organization operates in two segments: Domestic segment and segment that is Canadian.