Fannie Mae, Freddie Mac shares tumble after conservatorship comments
SEATTLE - Starbucks Coffee Company (NASDAQ:SBUX), a $104 billion market cap leader in the Hotels, Restaurants & Leisure industry, appointed Dr. Dambisa Moyo and Marissa Mayer to its board of directors effective June 25, 2025, the company announced in a press release. According to InvestingPro data, the company currently trades near its Fair Value with a P/E ratio of 33.
Moyo, co-founder and co-principal of Versaca Investments since 2021, brings over 30 years of macroeconomic and international affairs experience. She previously served as CEO of Mildstorm LLC from 2015 to 2021 and has worked at Goldman Sachs and the World Bank. Moyo currently serves on the boards of Chevron Corporation and Condé Nast.
Mayer is the CEO and Founder of Sunshine AI, a technology startup focused on AI automation. Her background includes serving as CEO and President of Yahoo! and spending 13 years at Google. She currently holds board positions at Walmart, AT&T, and Hilton Hotels & Resorts.
"They bring deep experience in areas that matter to our future, including technology, transformation, and global affairs," said Brian Niccol, Starbucks chairman and chief executive officer, in the statement.
The appointments expand Starbucks’ board to 11 members. Other board members include Ritch Allison, Andrew Campion, Beth Ford, Jørgen Vig Knudstorp, Neal Mohan, Daniel Servitje, Mike Sievert, Wei Zhang, and Brian Niccol.
Starbucks operates more than 40,000 stores worldwide and is implementing what it calls its "Back to Starbucks strategy," according to the company’s press release. InvestingPro analysis reveals 8 additional key insights about Starbucks’ financial health and market position. Get access to the complete Pro Research Report, along with advanced metrics and expert analysis available for 1,400+ top US stocks.
In other recent news, Starbucks Corporation has entered into a new $3 billion revolving credit facility set to mature in 2030, with major financial institutions like Bank of America and Citibank participating as lenders. This agreement allows Starbucks to borrow up to $3 billion, replacing a previous credit arrangement. Meanwhile, the company is reportedly exploring a potential full sale of its operations in China due to competitive pressures and declining market share. UBS has maintained a Neutral rating and $95 price target on Starbucks, citing expectations for gradual improvement in its China business by 2026, possibly through a partnership to enhance growth. Piper Sandler reiterated its Overweight rating with a $102 price target, expressing optimism about Starbucks’ growth potential in the U.S., despite investor concerns. Additionally, Starbucks CEO Brian Niccol recently met with U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. to discuss menu plans, highlighting the company’s commitment to avoiding artificial ingredients. These developments reflect Starbucks’ strategic maneuvers in both domestic and international markets.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.