Assets of Starbucks Corp (SBUX) have been attracting investor attention due to its current market performance which is outperforming its competitors despite some daily losses. Even though its growth may appear subdued, it seems to have no apparent impact on its price in the market. Various responses to the current strategic direction of the company have been observed, with Jim Cramer expressing bullish sentiment towards SBUX's new CEO, Brian Niccol, praising his turnaround strategy and encouraging investors to buy more shares on weakness. Institutional ownership of Starbucks remains high, despite Stifel Financial Corp selling over 3.6 million shares. But SBUX's performance in the consumer cyclical sector has been questioned. Amidst this, SBUX has increased its quarterly cash dividend and gone ahead to announce its Q4 2024 earnings report. However, SBUX is facing a class action lawsuit questioning its performance and dealing with activist pressure from Elliott Management. Yet its ability to impress large institutional owners with a 3.2% rise over the past week is noteworthy. The company seems to be strategizing around its Chinese operations and reassuring stakeholders with its ‘inviting’ cafes.
Starbucks Corp SBUX News Analytics from Fri, 21 Jun 2024 07:00:00 GMT to Sat, 07 Dec 2024 11:02:30 GMT -
Rating 5
- Innovation 0
- Information 7
- Rumor -5
