In the investment space, various entities are adjusting their positions in Starbucks Corporation with transactions encompassing both acquisition and divestiture of shares. Entities such as VELA Investment Management LLC, Avantax Planning Partners Inc., and Conning Inc. saw significant sell-offs. On the other hand, institutions like DAVENPORT & Co LLC, IFM Investors Pty Ltd, and Calamos Advisors LLC increased their stock positions. CNBC's Jim Cramer remains optimistic about Starbucks' future, praising CEO Brian Niccol's forward-thinking leadership and recent strategic moves such as price cuts in China's market.
Expectations indicate that Starbucks' stock could reach $108 by 2025, but the company's recent 'disappointing' financial results have led to some investor concern. Well-regarded investment firms and financial advisors continue to purchase Starbucks shares, but others are reducing positions, suggesting mixed sentiments within the financial community. Starbucks is not currently considering a full sale of its China unit, despite interest.
The anticipated transformation of Starbucks includes efforts for digital innovation, evidenced by the addition of ex-Yahoo CEO Marissa Mayer to its board. Starbucks also approved performance-based stock units for its executives as part of the plan to accelerate its turnaround.
Starbucks Corp SBUX News Analytics from Tue, 28 Jan 2025 08:00:00 GMT to Sat, 05 Jul 2025 12:25:38 GMT - Rating -2 - Innovation 2 - Information 5 - Rumor 0
