Starbucks Corp (SBUX) has been facing a series of market challenges, with its stock going down by 21% inside a year. As a result, shareholders who invested three years ago are currently operating at a loss. Many investors, including Garde Capital Inc. and Bradley Foster & Sargent Inc. CT, have sold off large number of their Starbucks shares. Meanwhile, despite significant market underperformance,
SBUX's Q2 Fiscal 2024 results are out. Key investor, billionaire Paul Tudor Jones regards SBUX as the top dividend stock to buy in 2024. In a major victory, the Supreme Court sided with Starbucks in a case concerning fired pro-union workers, thus weakening the US Labor Board's power. Despite market turbulence, institutional investors still hold 74% of Starbucks and shows its
intrinsic value to be potentially 34% above the share price. The company has announced a new global leadership structure intending to drive reinvention of the brand.
CEO Michael Conway recently sold 3250 Starbucks shares, while others are buying. Amidst all of these challenges, investors are keenly watching Starbucks and it remains a trending stock.
Starbucks Corp SBUX News Analytics from Wed, 13 Sep 2023 07:00:00 GMT to Sun, 16 Jun 2024 14:54:32 GMT -
Rating -4
- Innovation 2
- Information 8
- Rumor -6
