coffee

Bad news for java lovers. The rising demand and reduced supply of coffee means higher prices per cup. Colombia, the second-largest producer of mild arabica coffee bought by companies such as Starbucks Corp. (NASDAQ:SBUX) and Nes

James H. Morgan, President and Chief Executive Officer, commented: "In fiscal 2011, Krispy Kreme generated operating income, excluding impairment and lease termination costs, of $19.2 million, which was at the high end of our $17

Krispy Kreme Doughnuts (NYSE:KKD) reported a Q4 loss of $0.02 per share. Revenues for the quarter rose 5.7% to $91.7 million, missing consensus estimates of $92.55 million.

Starbucks has a potential upside of 8.1% based on a current price of $35.87 and an average consensus analyst price target of $38.79.

Starbucks is currently above its 50-day moving average (MA) of $33.39 and above its 200-day of $29.05.

Morgan Stanley raised its price target for Starbucks (NASDAQ:SBUX) to $42 from $40 and maintained its overweight rating on the stock.

The move is in line with the strategy by the Seattle coffee chain to expand the reach of its single-cup coffee selections. Last year, Starbucks introduced Via Ready Brew single-cup coffee.

The new Starbucks K-Cup portion packs will become available in retail stores in the fall.

Starbucks Corp. (SBUX) will produce and sell its coffee and its Tazo brand tea via Green Mountain Coffee Roasters Inc.'s (GMCR) K-Cup portion packs for use in the Keurig single-cup brewing system, the companies announce.

Vincent C. Byrd, currently the President of U.S. Retail Coffee and with 34 years experience at the company, will assume the role of President and Chief Operating Officer with responsibility for the Company's U.S.

The J.M. Smucker Company (NYSE:SJM) said on Tuesday that effective August 16, 2011, Richard K. Smucker will become the sole CEO of the Company. His current Co-CEO, Timothy P. Smucker, will continue to serve the Company as Chairman

CEO Howard Schultz said in his interview with the Journal that, "building and investing in resources and people to build a significant consumer products business that over time will rival the size and scale of our retail company."

Starbucks shares are up 1.39%, or $0.46, to $33.58.

Shares of Starbucks (SBUX) are higher after The Wall Street Journal reported that the company may make acquisitions over the next 12 to 18 months in an effort to expand its consumer products business.

Shares of the company are currently trading 2.05% higher at $33.80.

Starbucks has a potential upside of 8.4% based on a current price of $33.67 and an average consensus analyst price target of $36.49.

Morgan Stanley upgraded Starbucks (NASDAQ:SBUX) to overweight from equal-weight and maintained its $40 price target.

Starbucks (SBUX) CEO Howard Schultz said the company is eyeing a bold move into the single-serve market, and mentions Green Mountain (GMCR) specifically, in an internal memo to employees. Schultz said that while Green Mountain is