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November 20, 2012
09:50 EDTTEA, SBUXIndependent lab tests indicate Teavana teas contain pesticides, says Glaucus
Glaucus Research sent thirteen of Teavana's (TEA) most popular teas to an accredited lab in Germany for testing. The results indicate Teavana's teas contain pesticides in the amounts that exceed U.S. and EU regulatory limits. Glaucus believes Starbucks (SBUX) is buying a "massive liability" in Teavana given the Federal Trade Act and state consumer protection laws prohibit deceptive marketing and notes Teavana markets its teas as either "Organic" or "European Organic." The firm believes Starbucks has been deceived by Teavana's statements and will eventually walk away from the transaction. Glaucus rates Teavana a Strong Sell.
News For TEA;SBUX From The Last 14 Days
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August 25, 2015
07:36 EDTSBUXStarbucks CEO tells workers to be nice to stock-stressed customers, Fusion says
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August 19, 2015
06:12 EDTSBUXStarbucks K-cup momentum is accelerating, says UBS
UBS analyst Keith Siegner says Starbucks (SBUX) is seeing accelerating momentum in the single-serve cup category. The company's K-cup sales increased 36% year-over-year for the four-week period ended August 8, according to Nielsen (NLSN), Siegner tells investors in a research note. Starbucks' K-cup promotion levels ticked up sequentially, but remain well below levels from earlier in the year, the analyst points out. The company's K-Cup portfolio continues to gain share despite increasing price pressure and new market entrants like Dunkin' Brands (DNKN) and McDonald's (MCD), Siegner writes. He keeps a Buy rating on Starbucks with a $63 price target. The stock closed yesterday up 9c to $57.83. Shares of Keurig Green Mountain (GMCR) are down 62% year-to-date in part due to the company's slowing sales in the single-serve cup category.
August 18, 2015
06:08 EDTSBUXStarbucks to start selling wine, beer at some stores this week, USA Today says
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