STARBUCKS CORP
No SEC Form 4 filings for $SBUX in the last 30 days.
Memorial Day 2026 falls on Monday, May 25. According to the article, most major banks (JPMorgan Chase, Bank of America, Wells Fargo, Citibank, PNC, U.S. Bank) are closed, but ATMs and online/mobile banking remain available. USPS is closed, FedEx/UPS run limited operations, schools and colleges are closed, and NYSE/Nasdaq and bond markets are closed.
A "Tank Day" marketing gaffe by Starbucks Korea has sparked a national debate concerning corporate accountability, public opinion, and legal principles, particularly after the South Korean government supported a growing boycott. Legal experts are cautioning against letting public outrage blur the lines between social and criminal liability. The incident highlights Starbucks' significant presence in South Korea and its previous challenges, including product recalls and pricing issues.
Diamond Hill Capital Management Inc. reduced its stake in Starbucks (NASDAQ:SBUX) by 7.6% in the fourth quarter, selling 227,000 shares, though still holding 2.77 million shares valued at approximately $233.4 million. The coffee giant is navigating mixed developments, including upcoming investor events and a debt profile refinement, alongside job cuts, restructuring charges, and concerns over sustainability and China revenue reporting. Despite these challenges, Starbucks recently surpassed quarterly earnings expectations and maintains a consensus "Moderate Buy" rating from analysts with an average price target of $107.48.
