3 Consumer Stock Stories Buzzing Along Today
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR): Closing price $63.02
Share of Green Mountain may have been downgraded at Argus from Buy to Hold, but the stock closed up 0.58 percent at $62.95. Earlier Thursday, Argus analyst John Staszak sent a note to investors saying that Green Mountain is facing growing competition as several big companies, like Whole Foods and Kraft, are selling coffee for Keurig systems, also known as K-cups, at relatively low prices. The heightened rivalry will probably cut into Green Mountain’s revenue, argued Staszak.