Numerous updates involving
Starbucks Corporation (NASDAQ: SBUX) have surfaced. The company has faced
activist pressure from hedge funds and has also had an investigation initiated by a former Louisiana Attorney General into its Officers and Directors. Projections for 2025 are being closely watched, as are the company's preliminary results for Q4 and FY 2024. The notable trend is that institutional investors heavily dominate the company. Despite some recent losses, there seems to be strong investor interest in SBUX. A
class action lawsuit has been filed by Starbucks shareholders, and there were discussions about the appointment of a
new CEO, Brian Niccol. The company has also declared a quarterly
dividend of $0.61. However, the company faced a
barista strike spanning 300 locations. Starbucks' stock rallied 24% and there was an increase in its quarterly cash dividend. Yet, the corporation's stock market performance has raised concerns, with Jim Cramer suggesting the stock can continue to shave lower. The company's final figures for Q3 were mixed with EPS meeting estimates but revenue missing expectations.
Starbucks Corp SBUX News Analytics from Tue, 30 Apr 2024 07:00:00 GMT to Sat, 04 Jan 2025 03:50:00 GMT -
Rating 2
- Innovation -1
- Information 5
- Rumor -4
