Starbucks Coffee (SBUX) Announces Two-for-One Stock Split
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March 19, 2015 7:55 AM EDT
Wells Fargo reiterated an Outperform rating on Starbucks (NASDAQ: SBUX) and raised its price target to $109-$111 (from $94-$96). Analyst Bonnie Herzog is optimistic it has the right strategy to drive sustainable growth. Starbucks valuation does not reflect long-term upside and investors under-appreciate value,... More
March 18, 2015 5:16 PM EDT
Starbucks Coffee (NASDAQ: SBUX) and Chinese leading food and beverage producer Tingyi Holding Corp. announced they have entered into an agreement to manufacture and expand the distribution of Starbucks ready-to-drink (RTD) products throughout mainland China. According to the agreement, Starbucks will be responsible for providing coffee expertise, brand development and future product innovation, and Tingyi will manufacture and sell Starbucks RTD portfolio in China. The RTD coffee and energy category is a $6 billion business, and is projected to grow by 20% over the next three years.1 The agreement leverages the respective strengths of Starbucks... More
