Elliott Management has taken a significant stake in coffee chain Starbucks and is engaging with management to find ways to improve the company's share price, the Wall Street Journal reported Friday, citing people familiar with the matter.Representatives for Elliott did not return a request for comment. A Starbucks spokesperson said the company does not comment on rumors and speculation. Starbucks shares jumped 5% on the news.Elliott is one of the most prolific activist investors and one of the largest hedge ...

This struggling coffee chain still dominates its industry.There's no denying that Starbucks (SBUX -1.21%) is one of the world's most well-known consumer brands. But this recognition hasn't helped investors out recently. Shares of the coffeehouse chain are down 40% from their record level, which was set in July 2021.Investors shouldn't be discouraged, though. There might be a lucrative opportunity right now in Starbucks. Here are four reasons to buy this restaurant stock like there's no tomorrow.Strong brand ...

Key TakeawaysStarbucks and Mercedes-Benz announced a deal to put the carmaker's EV charging stations at 100 of the coffee giant's U.S. locations.The first phase of the plan will put the chargers at Starbucks locations on the West Coast's Interstate 5 corridor. Customers at some Starbucks (SBUX) locations can soon get more than just a caffeine “charge.” They’ll be able to get one for their electric vehicle, too. The world’s biggest coffee chain is working with Mercedes-Benz to offer EV charging stations at ...

Group 1 - Starbucks has partnered with Mercedes-Benz to install electric vehicle (EV) chargers at over 100 locations, starting along Interstate 5, a key travel route on the West Coast [1] - The chargers will be placed in urban areas and regions lacking charging infrastructure, with plans to expand to the East Coast [1] - The Alpitronic Hypercharger 400 will be used, which supports a wide voltage range and comes with NACS cables [1] Group 2 - The collaboration aims to enhance the charging experience for EV drivers, integrating it with the routine of purchasing coffee [2] - Retailers are increasingly adding charging stations to attract high-income EV drivers, as seen in global mall trends [2] Group 3 - Simon Property Group is partnering with BP Pulse to deploy ultra-fast EV charging stations at 75 shopping centers, with over 900 charging bays planned by early 2026 [3] - The initiative targets affluent consumers who are transitioning to electric vehicles, highlighting the lucrative market for retailers [3] - EV owners are typically affluent, educated individuals residing in major car markets, making them an attractive demographic for businesses [3]

The coffee giant has more than 1.1 billion shares outstanding. Here's how much it pays in dividends to all of its investors.Starbucks (SBUX 3.79%) has been an excellent dividend stock for investors, with a dividend yield of nearly 3% as of this writing and a strong history of dividend increases. But how much is the coffee giant spending on dividends this year?Starbucks' total dividend payout for 2024Starbucks has a quarterly dividend of $0.57 per share as of July 2024. This means that for every share of sto ...

It's out of step with the coffee dance.Stabucks (SBUX 2.09%) stock fell 19% in the first half of the year, according to data from S&P Global Market Intelligence. The coffee giant is struggling with growing its sales, and it looks to be out of step with changing coffee-consumption trends.The bigger the company, the harder to changeIt's always counterintuitive to imagine that a company's success can lead to its failure, but it's actually quite logical. Take Starbucks. It has so many stores and such a distinct ...

These beaten-down blue chip stocks are struggling in 2024, but one stands out as the better buy today.When you think about iconic American brands, Nike (NKE 0.04%) and Starbucks (SBUX 2.09%) are likely to come to the top of your mind. Both companies have a long history of delivering outsized returns for shareholders, but 2024 has been a different story, with each stock down more than 20% year to date. Anytime a blue chip stock is down considerably, it's worth revisiting to determine whether it's a minor bli ...

The company raised prices but it's counteracting this move with promotional pricing.At this point there's no sugarcoating it: If you bought shares of coffee giant Starbucks (SBUX 2.09%) anytime during the last decade, you're probably underperforming the S&P 500. And there's a good chance that you're not only underperforming, but you're also losing money.As of this writing, Starbucks stock is down 42% from its highs in 2021. Back then, everything seemed to be clicking with the business. But its recent perfor ...

Strategic and financial flexibility could help Starbucks get back on track.Shares of Starbucks (SBUX 2.09%) have poured a grande-size dose of disappointment, down more than 41% from their all-time high nearly three years ago.The coffeehouse leader has struggled to navigate a sales slowdown amid shifting consumer spending, leading the market to question whether the days of caffeine-fueled high growth are over.At the same time, it's hard to bet against this industry leader, supported by its globally recognize ...

Core Viewpoint - The article highlights the performance of lesser-known coffee brands, Dutch Bros and Black Rifle Coffee, which are currently outperforming Starbucks in the market, particularly in 2024, as Starbucks faces a decline in stock value and customer transactions [1]. Group 1: Dutch Bros - Dutch Bros operates a drive-thru coffee chain with 831 locations and reported a 10% increase in same-store sales in Q1, indicating strong business health [2][3]. - The company has opened over 150 new locations in the past year and plans to continue this aggressive growth strategy, aiming for a total of 4,000 locations long-term [3]. - In contrast to Starbucks, which experienced a 7% year-over-year drop in transactions in North America, Dutch Bros saw an increase in customer traffic [2]. Group 2: Black Rifle Coffee - Black Rifle Coffee sells coffee through a subscription service and is expanding its retail presence, with a 51% year-over-year increase in wholesale revenue in Q1 2024 [4][5]. - The company has increased its ready-to-drink coffee products distribution to nearly 87,000 locations, up 38%, and is growing sales faster than comparable products [5]. - Despite hitting an all-time low in late 2023, Black Rifle Coffee's stock has gained traction in 2024 due to its successful expansion beyond the subscription model [6].