Starbucks Corporation (SBUX) has seen variable market responses following a series of events. The coffee giant recently recorded a dip in its fortunes, citing increased global coffee tariffs and other supply chain issues impacting its outlook. However,
Dmitry Balyasny's hedge fund and billionaire investors are still bullish on SBUX. The stock continues to be marked as a trending choice, with quarterly dividends maintained at $0.61. The company's planned strategic overhaul now also faces potential upsets due to tariff hikes.
Jim Cramer, however, remains confident in Starbucks, urging investors to retain ownership. Institutions, which account for 79% of SBUX ownership, have made significant gains, with
Allstate Corp and Korea Investment Corp making notable purchases. CEO
Brian Niccol has made efforts to transform the corporate culture, while also facing the challenge of improving the company's financial performance amid tariff shocks and other market challenges.
UNIVEST Financial Corp was noted for selling its Starbucks stocks, while other investors ponder whether now is the right time to buy Starbucks stock.
Starbucks Corp SBUX News Analytics from Tue, 22 Oct 2024 07:00:00 GMT to Fri, 04 Apr 2025 19:09:36 GMT -
Rating -3
- Innovation 5
- Information 8
- Rumor -1
