GMCR announces 3 for 2 stock split
GMCR entered into a distribution partnership with Wal-Mart Stores Inc, where the world's largest retailer would distribute Keurig coffee brewers in over 3000 of it stores.
Analysts expect Green Mountain to be an excellent growth opportunity as its underlying core business is strong. Further, the differentiation of its Keurig business allows the company to tap new opportunities and record higher growth and margins. Piper Jaffray upgraded its rating from ‘Market Perform’ to ‘Outperform’ and the target price was set at $37.