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Starbucks (NASDAQ:SBUX) Director Jorgen Vig Knudstorp reported purchasing 11,700 shares of the company’s common stock on November 10, 2025. The shares were bought at a price of $85.00, for a total transaction value of $994500.
Following the transaction, Knudstorp directly owns 53,096.479 shares of Starbucks, which includes 274.749 deferred stock units, representing dividends on deferred stock units pursuant to a dividend reinvestment plan.
In other recent news, Starbucks announced a significant development concerning its operations in China. The coffee chain has entered into a joint venture with Boyu Capital, selling a 60% controlling stake of its China business to the investment firm. This transaction values the Chinese operation at over $13 billion, with Starbucks retaining a 40% stake and continuing to own and license its brand and intellectual property. Analysts from Bernstein and BMO Capital have reiterated their Outperform ratings on Starbucks following the joint venture announcement, with price targets set at $100.00 and $115.00, respectively.
Additionally, UBS maintained its Neutral rating on the company with a $94.00 price target. In other developments, unionized Starbucks baristas are preparing to strike in over 25 cities, coinciding with the company’s Red Cup Day promotional event. Starbucks Workers United, representing employees at about 550 locations, has authorized union leadership to call for work stoppages as part of ongoing contract negotiations. These recent developments reflect Starbucks’ strategic moves and ongoing challenges within its operations.
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