Bloomberg News

Keurig Green Mountain to Replace WPX Energy in S&P 500 Index

March 14, 2014

Keurig Green Mountain Inc., the maker of single-serve coffee brewers, will replace WPX Energy Inc. (WPX:US) in the Standard & Poor’s 500 Index, S&P Dow Jones Indices said in a statement.

The change will take place after the close of trading on March 21, S&P said. The revisions in the benchmark equity index may prompt money managers to shift holdings to match the index. About $5.14 trillion is benchmarked to the S&P 500, according to the S&P website.

Keurig Green Mountain, based in Waterbury, Vermont, has a market capitalization of $16.9 billion.

The index provider said WPX Energy will take Keurig’s spot in the S&P MidCap 400. Biogen Idec Inc. (BIIB:US) will replace American Electric Power Co. in the S&P 100, the statement said. Matson Inc. (MATX:US) will replace Kate Spade & Co. (KATE:US) in the S&P SmallCap 600 as Kate Spade takes Matson’s spot in the mid-cap index.

To contact the reporter on this story: Joseph Ciolli in New York at jciolli@bloomberg.net

To contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net Michael P. Regan


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Companies Mentioned

  • WPX
    (WPX Energy Inc)
    • $11.53 USD
    • -0.40
    • -3.47%
  • BIIB
    (Biogen Idec Inc)
    • $340.88 USD
    • 5.12
    • 1.5%
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