Name of opportunity: 👀
Starbucks Corporation
Global expansion 🌏
Starbucks has risen in price over the past day, going up by 4.33%. This might be because the company has recently announced that it is considering selling a minority stake in its China operations.
Starbucks is an income stock which means it pays out a significant portion of its profit to shareholders via dividends. Starbucks dividend yield is 2.47%, which means if you invested $1000 you might be paid $24.36 a year in dividends (based on the last 12 months).
The average analyst recommendation for this stock is ‘buy’.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Starbucks Corporation might increase from $95.39 to $98.17 in the next 12 months. If you invested $1000, you might profit $29.17.
Starbucks is considering selling a minority stake in its China business, which has garnered attention. Starbucks already has 8,000 stores across China, and this deal might potentially see this increase to 20,000, which is the aim. This would expand Starbucks across China, which might boost revenue and profits. This might have attracted investors, boosting their confidence which might be why shares have risen.
Additionally, Starbucks has said it plans to roll out a new staffing model to its stores in North America, and pilot tests of this new model saw sales increase and service times speed up. This might have further boosted investor confidence within the company, which might have prompted the rise in share price.
Coffee giant ☕
Starbucks is an American multinational chain of coffeehouses and roastery reserves. The company is headquartered in Seattle, Washington, United States.
Which neme?: 🔍
‘Food & Drink’, ‘Popular Dividend Stocks’
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