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• Latest SBUX SEC Filings

Filings Format Description Filing Date File/Film Number
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0001127602-20-021227 Size: 7 KB
2020-07-06
4/A  Documents [Amend] Statement of changes in beneficial ownership of securities
Acc-no: 0001127602-20-020070 Size: 4 KB
2020-06-18
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0001127602-20-019469 Size: 15 KB
2020-06-11
8-K  Documents   Interactive Data Current report, items 7.01 and 9.01
Acc-no: 0000829224-20-000057 (34 Act)  Size: 1 MB
2020-06-10 000-20322
20953528
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0001127602-20-018753 Size: 8 KB
2020-06-03
SD  Documents Acc-no: 0000829224-20-000053 (34 Act)  Size: 1 MB 2020-05-29 000-20322
20927774
8-K  Documents   Interactive Data Current report, items 7.01 and 9.01
Acc-no: 0000829224-20-000048 (34 Act)  Size: 1 MB
2020-05-21 000-20322
20900046
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0001127602-20-017273 Size: 8 KB
2020-05-19
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0001127602-20-016496 Size: 10 KB
2020-05-13
8-K  Documents   Interactive Data Current report, items 2.03, 8.01, and 9.01
Acc-no: 0001193125-20-136264 (34 Act)  Size: 755 KB
2020-05-07 000-20322
20856598
More SBUX SEC Filings


Related news from
Tue, 07 Jul 2020
15:23:00 +0000
2 Stocks Poised for Post-Pandemic Comebacks
Starbucks has increased its delivery options. Before anyone had ever heard of the coronavirus, Walt Disney (NYSE: DIS) and Starbucks (NASDAQ: SBUX) were flying high. Disney was the harder hit of the two: Movie theaters shut down, theme parks were closed, and the ad market dried up as companies stopped spending.
Mon, 06 Jul 2020
16:01:00 +0000
Skyrocketing of COVID-19 cases around the U.S. slows dine-in restaurant recovery
Soaring cases of COVID-19 around the U.S. drove a week-over-week slowdown at casual-dining restaurants, according to data provided by Bernstein.
Mon, 06 Jul 2020
14:54:00 +0000
3 Dividend Stocks That Are Perfect for Retirement
These companies offer income investors the possibility of substantial long-term share price growth in addition to their regular quarterly payouts.
Mon, 06 Jul 2020
10:30:22 +0000
Facebook Helps Explain Why ESG Investing Matters
(Bloomberg Opinion) -- If you’re not clear on Environmental, Social and Governance investing, you’re not alone. The Department of Labor appears to be just as confused. Luckily, Facebook Inc. may serve as an example to help clarify the burgeoning investing movement. The Labor Department issued a proposed rule recently that is being widely interpreted as a ban on ESG investing in retirement accounts. A news release said the rule “is intended to provide clear regulatory guideposts” for corporate pensions and 401(k) plans around ESG investing. What it’s actually doing, however, is sowing utter confusion.  “Private employer-sponsored retirement plans are not vehicles for furthering social goals or policy objectives that are not in the financial interest of the plan,” Secretary of Labor Eugene Scalia said. But ESG has nothing to do with furthering social goals or policy objectives. By definition, ESG investing is strictly a financial endeavor, an attempt to improve the performance of portfolios by limiting their exposure to companies whose environmental, social or governance policies, or lack of them, are deemed risky. In that regard, it’s no different from striking a balance between stocks and bonds, investment-grade bonds and junk, stocks of large and small companies, or any number of decisions investors routinely make to manage risk and attempt to boost risk-adjusted returns. Consider Facebook. The social media behemoth has problems. A growing number of big corporate advertisers such as Coca-Cola Co., Starbucks Corp., Microsoft Corp. and Ford Motor Co. are pulling their ads, fearing they might appear alongside hate speech, misinformation and other divisive content routinely posted on the platform. Facebook also faces a slew of antitrust inquiries from Congress, the Justice Department and a coalition of state attorneys general, as well as increasing bipartisan calls to remove legal protections that limit the company’s liability over content posted by users. Complaints about Facebook aren’t new. There have been widespread concerns about how the company handles user data since at least 2018, when news surfaced that Cambridge Analytica had obtained personal data of up to 87 million users. But Facebook has largely ignored its critics, mainly because co-founder and Chief Executive Officer Mark Zuckerberg controls the company and doesn’t appear to share the concerns, at least not enough to do anything meaningful about them. So far, Zuckerberg has made mostly symbolic gestures, such as rolling out a new voter information hub and agreeing to meet with civil rights groups who organized the advertising boycott. Zuckerberg no doubt prefers to wield absolute power, but it’s a risky proposition for Facebook’s shareholders. There is growing evidence that companies with strong governance generally perform better and are less likely to fail than those with weak governance, which also makes them a less volatile and better-performing investment over time. The best ones have policies that hold management accountable and balance the competing demands of shareholders, creditors, workers, suppliers, customers and regulators. Suffice it to say, while Zuckerberg is on the throne, Facebook has few of those checks and balances.That’s a problem because Zuckerberg is the sole arbiter of what is and isn’t a hazard for Facebook, even if all indications are to the contrary. And clearly, not everyone at the company agrees with Zuckerberg’s sanguine outlook. Facebook employees recently staged a virtual walkout, and some senior figures publicly expressed their disapproval of Zuckerberg’s laissez-faire approach to policing content. If there were a greater diversity of opinion in Facebook’s decision-making process, perhaps it would have been more attune to the many threats it now faces.    The risk posed by Facebook’s strongman governance is the “G” in ESG. Not surprisingly, Facebook receives poor marks for governance. Institutional Shareholder Services, a leading provider of ESG ratings, gives Facebook a 10 for governance, the highest risk score on its 10-point scale. And according to various governance metrics tracked by Bloomberg, such as percentage of independent directors and board size, governance has weakened at Facebook over the last decade. For investors worried about the governance risk around Facebook, reducing their exposure to the company, or even eliminating it entirely, is a reasonable financial move — one that is consistent with, in fact prescribed by, the Labor Department’s “longstanding position” that retirement plans “select investments and investment courses of action based on financial considerations relevant to the risk-adjusted economic value of a particular investment.” It’s also the essence of ESG.Scalia and the Labor Department appear to confuse ESG with what would more accurately be called socially responsible investing, or SRI, which attempts to align investors’ portfolios with their values by excluding companies and industries that conflict with those values, regardless of financial impact. It’s no less odd that the Labor Department wants to ban SRI. While I suspect SRI investors will pay a price for mixing their money and their values, there’s little evidence so far that SRI is a drag on portfolios or that it would undermine the “retirement security of American workers,” as Scalia seems to fear. So if 401(k) participants and pension beneficiaries want their money aligned with their conscience, it’s not clear why the Labor Department should stand in the way, particularly when it’s part of an administration that professes devotion to deregulation, small government and religious freedom. But at the very least, the Labor Department should clarify that it’s targeting SRI, not ESG.If the rule stands, one silver lining is that it might promote a clearer separation between ESG and SRI, which would help investors navigate the growing social investing landscape. Funds that blend the two are a particular source of confusion. The iShares ESG MSCI USA ETF, for example, both invests in stocks with strong ESG scores and excludes tobacco and weapons companies. The Labor Department’s proposed rule would presumably disqualify it from inclusion in retirement plans, and thereby discourage more funds from mixing ESG and SRI.  However the rule shakes out, one thing should be clear: When ESG takes issue with companies such as Facebook, it’s about money, not values. If the Labor Department finds that confusing, imagine how ordinary investors must feel.  This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nir Kaissar is a Bloomberg Opinion columnist covering the markets. He is the founder of Unison Advisors, an asset management firm. He has worked as a lawyer at Sullivan & Cromwell and a consultant at Ernst & Young. For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Sun, 05 Jul 2020
13:00:00 +0000
Facebook Confronts Civil Rights Complaints It Put Off for Years
(Bloomberg) -- For years, Facebook Inc. brushed off complaints from civil rights groups that it didn’t do enough to combat racism, discrimination and voter suppression flourishing on its site. Now, pressure from a boycott by major advertisers is forcing the social media giant to address their concerns.Facebook Chief Executive Officer Mark Zuckerberg has agreed to meet on Tuesday with leaders of the National Association for the Advancement of Colored People, the Anti-Defamation League and Color of Change to discuss their requests. Facebook is increasingly playing defense against a growing group of civil rights organizations, employees and companies demanding that the technology giant do more to fight injustice on its platform.“Right now is a moment of real reckoning for the company,” said Vanita Gupta, chief executive officer of The Leadership Conference on Civil & Human Rights. “There’s a lot of pressure.”The advocates led the campaign to persuade advertisers including Starbucks Corp. and PepsiCo Inc. to halt spending on the platform, focusing attention on Facebook’s policies as public outrage swells over racial inequities in America following the shocking video of the death of George Floyd in police custody.Civil rights groups have long been asking Facebook to make policy and staffing changes to address their grievances. Concerns have included how the platform has promoted discriminatory advertising, allowed foreign adversaries to try to suppress the Black vote, and let white supremacy groups organize rallies.Leaders of the groups said their efforts to get the social media platform to change have often been only given lip-service, and, at times, even attacked.Facebook declined to comment, but pointed to an announcement Friday that it will attach to posts about voting a link to an information portal that explains how and when users can vote and how to register. The company has set a goal of helping to register 4 million new voters before the presidential election.Increasing ScrutinyFacebook is also under increasing scrutiny in Washington. Zuckerberg has agreed to testify before a House antitrust panel along with CEOs of other large technology platforms and the company faces antitrust investigations by two federal agencies and nearly all 50 states.Gupta and other advocates said Facebook has improved its response to concerns about Census misinformation and has curtailed discriminatory ads, but has fallen short in fighting voter suppression, election misinformation and moderating political speech.“They are making many of the changes at our urging, but are missing the core piece,” Gupta said, pointing to Zuckerberg’s insistence on leaving misleading political speech unchecked because he deems the content newsworthy.Gupta was on a call with Zuckerberg last month, along with Rashad Robinson, president of Color of Change, and Sherrilyn Ifill, president of the NAACP Legal Defense and Educational Fund, to discuss Facebook’s plans to prepare for the upcoming elections. Donald Trump had recently threatened on social media to withhold funding from Michigan over the state’s mail-in balloting plans. When Gupta questioned Facebook’s policy on political speech, Zuckerberg told her Trump’s posts represented hard “edge cases,” she recalls. Gupta said she disagreed and told him “at every turn you should be making the decision to weigh in favor of fair elections and protecting voting rights.”Civil rights advocates had been contacting Facebook as early as 2017 about issues such as hate speech and election interference, but intensified their outreach following reports that Russian operatives had exploited Facebook and other platforms to suppress Black voting, stir social unrest and help Trump win the 2016 election.Madihha Ahussain, a special counsel for Washington-based group Muslim Advocates, said that while her group initially thought they were making progress with Facebook over anti-Muslim posts, they began to realize the company wasn’t taking systematic action. They were “just listening to us and nothing is changing on the platform itself,” Ahussain said. “We were just getting the runaround.”For Robinson, the turning point came in November 2018, when he got a call from a New York Times reporter asking him to comment on startling revelations: Facebook had hired Definers Public Affairs, a former Republican-linked firm, to compile opposition research about billionaire investor George Soros’s funding of groups that were critical of Facebook -- including Color of Change -- and circulate it to reporters. Soros had attacked Facebook earlier that year as a menace to society.“It became very clear that we had to reset the terms of the relationship,” with Facebook, said Robinson. “We knew that we must have been on to something if they were trying to spend their money to discredit us.”The advocates sent an open letter to Zuckerberg and Chief Operating Officer Sheryl Sandberg calling for the creation of a C-suite position to advocate for users’ needs and work with civil rights groups. They also sought more transparency about a civil rights audit the company had initiated.Facebook fired Definers and Sandberg later apologized in a meeting with the advocates. Facebook tapped Laura Murphy, a veteran at the American Civil Liberties Union, to do the audit and agreed to release the results.Election War RoomMeanwhile, the groups were growing increasingly concerned that Facebook wasn’t prepared to spot and eliminate voter-suppression campaigns or misinformation on its platform ahead of the 2018 midterms.About two months before the election, groups including the National Urban League and the NAACP traveled to Facebook’s headquarters in Silicon Valley to see its election “war room” and discuss its election-integrity plan with company officials, including Sandberg, said LaShawn Warren, executive vice president of government affairs at the Leadership Conference on Civil and Human Rights, which also attended.To Warren, the Facebook team seemed more focused on eliminating inaccurate information about poll locations and opening and closing times than it was in detecting more sophisticated ways bad actors could try to dissuade voters. Her group pressed Facebook to hire more people with voter-suppression expertise.On Dec. 18 2018, Facebook released an update from Murphy detailing what Facebook had done. Facebook had also hired voting experts to help with its election-integrity work.It wasn’t enough for the groups. That same day, more than 30 organizations representing civil rights advocates, big tech critics and liberal causes wrote a letter expressing “profound disappointment regarding Facebook’s role in generating bigotry and hatred toward vulnerable communities” and called for Zuckerberg and Sandberg to step down from the board.They didn’t step down, but Sandberg and other Facebook officials continued to talk with civil rights groups about their complaints. Sandberg met with advocates and members of the Congressional Black Caucus in Washington in May 2019.Facebook won praise from the groups for its plan to ban content that misrepresents the 2020 U.S. Census, but tensions flared again in October of last year around Zuckerberg’s speech at Georgetown University, in which he defended the company’s policy to not fact-checking political ads. He extolled the platform’s fight to uphold free speech, citing protests against the Vietnam War and Martin Luther King Jr.’s “Letter from Birmingham Jail.”Zuckerberg had previewed his remarks during a phone call with at least one civil rights leader who expressed concern that his emphasis on free speech could come at the expense of civil rights, according to a person familiar with the matter. The leader told Zuckerberg that Facebook’s top executives had no civil rights experience. The co-founder responded that he had a lot of former President Barack Obama people on staff, the person said. The leader also cautioned him against invoking Martin Luther King Jr. to make his point, the person said.Zuckerberg’s speech won praise from conservatives, but criticism from civil rights advocates including King’s daughter, Bernice King, who argued that Facebook was avoiding reforming its content-moderation practices.Just before the speech, Politico reported that since July 2019, Zuckerberg had been meeting with prominent conservative thinkers, including commentator Ben Shapiro, Brent Bozell and Fox News host Tucker Carlson.Facebook was increasingly facing criticism for catering to conservatives in its polices and rhetoric. It was only after news broke about Zuckerberg’s meetings with right-leaning pundits that he invited the civil rights advocates to a dinner at his Palo Alto, California, home in November 2019.“I did feel that Zuckerberg listened to us,” said Ifill of the NAACP Legal Defense and Education Fund, who was at the dinner. “Listening is not quite the same, you know, as being willing to actually make change.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Fri, 03 Jul 2020
18:30:08 +0000
Cramer Weighs In On American Tower, Starbucks And More
On CNBC's "Mad Money Lightning Round," Jim Cramer said that Vroom Inc (NASDAQ: VRM) is a great company and the auto industry is coming back. He likes the stock and he thinks that used cars are very, very hot.Cramer doesn't like Archer-Daniels-Midland Co (NYSE: ADM). The stock has really done absolutely nothing.If it's a financial technology digitized bank, it's going to go up, said Cramer. Green Dot Corporation (NYSE: GDOT) belongs to the group, but Cramer prefers Paypal Holdings Inc (NASDAQ: PYPL) and Square Inc (NYSE: SQ).Cramer is not recommending the oil stocks, so he is not a buyer of WPX Energy Inc (NYSE: WPX).ANGI Homeservices Inc (NASDAQ: ANGI) is a great stock and Cramer would stay on it.Cramer prefers American Tower Corp (NYSE: AMT) over Crown Castle International Corp (NYSE: CCI).When it comes to Starwood Property Trust, Inc. (NYSE: STWD), Cramer finds it to be a sub-optimal situation.Everybody hates Starbucks Corporation (NASDAQ: SBUX) now, but wait until you see what the CEO, Kevin Johnson, has got in mind, said Cramer. He thinks that it will be on every corner and he likes the stock.See more from Benzinga * Cramer Gives His Opinion On American Tower, Virgin Galactic And More * Fast Money Picks For June 1(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Fri, 03 Jul 2020
15:00:00 +0000
Why Wingstop Stock Was Up 61% in the First Half of 2020
It envisions being a top-10 restaurant brand, and the COVID-19 pandemic has done nothing to slow it down.
Fri, 03 Jul 2020
10:26:00 +0000
Why the Facebook Ad Boycott Could Be Good for Pinterest
Less than two weeks after a coalition of nonprofit organizations launched the #StopHateForProfit campaign, some of the world's biggest brands are pulling their advertising off of Facebook (NASDAQ: FB) -- at least for July. The moves are to protest the company's lax policies against the use of its social media platforms to spread political misinformation and calls to violence, and to support voter suppression. Facebook's inaction in these areas has been in notable contrast with Twitter (NYSE: TWTR), which recently began adding warning labels to posts from President Trump that contain questionable or false information, or violate its rules on such things as promoting violence.
Fri, 03 Jul 2020
05:24:33 +0000
Facebook Under Fire as Companies Pause Social Media Ads: List
(Bloomberg) -- Here’s a list of companies that are planning to halt spending on social media. Some have joined a boycott of Facebook Inc. after critics accused the social network of inadequately policing hateful and misleading content on its platform:Harley Davidson Inc. -- The motorcycle maker said in an email it was pausing Facebook ads in July “to stand in support of efforts to stop the spread of hateful content.”Pernod Ricard SA -- The French distiller of Jameson whiskey and Absolut Vodka, which spends more than 1.5 billion euros ($1.69 billion) on advertising annually, is boycotting Facebook and some other U.S. sites through July 31 and working with partners on an app to help victims of online abuse.Daimler AG -- The Mercedes-Benz maker is pausing its paid advertising on Facebook platforms in July, while adding that it expects to the relationship to resume because it’s confident the social-media company will take “necessary steps.”Molson Coors Beverage Co. -- The brewer is choosing to pause advertising on Facebook, Instagram and Twitter while it reviews its own standards and ways to protect the brands and guard against hate speech, Chief Marketing Officer Michelle St. Jacques said in an internal email.Constellation Brands -- The maker of Corona beer and Kim Crawford wines is pausing Facebook ads for the month of July.Dunkin’ Brands Group -- The donut chain is temporarily pausing its paid media on Facebook and Instagram, a spokesperson says, adding that it’s in discussions with Facebook about efforts to stop hate speech and thwart “the spread of “racist rhetoric and false information.”Lego A/S -- Stopping all advertising on social media for at least 30 days to review its standards and will “invest in other channels” during that time.The Body Shop -- The beauty chain says it’s halting paid activity on all Facebook channels and asking the social-media company to enhance and enforce its content-moderation policies.Starbucks Corp. -- Pausing advertising on all social media platforms. Will post on social media without paid promotion.Microsoft Corp. -- Paused global advertising spending on Facebook and Instagram because of concerns about ads appearing next to inappropriate content, according to a person familiar with the matter.Unilever Plc -- Halting advertising on Facebook, Instagram and Twitter in the U.S. through Dec. 31.Volkswagen AG -- The ad stop on Facebook affects the direct ad accounts of the German manufacturer’s brands, including Porsche, Audi and Lamborghini. VW, its ad agencies and the Anti Defamation League will enter talks with Facebook over how to deal with hate speech, discrimination and false information, according to an emailed statement.Mars -- Starting in July, a pause on paid advertising globally across social-media platforms, including Facebook, Instagram, Twitter and Snapchat.Target Corp. -- Pausing ads on Facebook in July.Coca-Cola Co. -- Pausing advertising on all social media platforms.Clorox Co. -- Will stop advertising spending with Facebook through December.Conagra Brands Inc. -- Will stop advertising in U.S. on Facebook and Instagram through the rest of the year.Ford Motor Co. -- Halting U.S. social media for 30 days, won’t purchase social media ads for Bronco unveiling.Honda Motor Co. -- “For the month of July, Honda will withhold its advertising on Facebook and Instagram, choosing to stand with people united against hate and racism.” Acura, a Honda brand, said in a tweet that it was “choosing to stand with people united against hate and racism.”Hershey Co. -- Will halt spending on Facebook in July and cut its spend on the platform by a third for the remainder of the year, according to Business Insider.Diageo Plc -- Pausing paid advertising globally on major social media platforms beginning in July.PepsiCo Inc. -- Pulling ads on Facebook from July through August.Verizon Communications Inc. -- “We’re pausing our advertising until Facebook can create an acceptable solution that makes us comfortable and is consistent with we’ve done with YouTube and other partners,” said John Nitti, chief media officer for Verizon.SAP SE -- “We will suspend all paid advertisements across Facebook and Instagram until the company signals a significant, action-driven commitment to combatting the spread of hate speech and racism on its platforms.”Levi Strauss & Co. -- Pausing all paid Facebook and Instagram advertising globally and across all brands through July.Diamond Foundry Inc. -- Pulling all of advertising from Facebook, including Instagram, for the month of July.Patagonia Inc. -- Will pull all ads on Facebook and Instagram, effective immediately, through at least the end of July, pending meaningful action from Facebook.Viber Media Inc. -- The messaging service, owned by Japanese conglomerate Rakuten, plans to cut ties with the social network entirely, according to the Guardian.VF Corp. -- The North Face will pause ads on Facebook for the month of July. Vans, another VF brand, will also pull ad dollars from Facebook and Instagram next month, and said it will use the money to support Black communities through empowerment and education programs.REI -- “For 82 years, we have put people over profits. We’re pulling all Facebook/Instagram advertising for the month of July.”Upwork Inc. -- No Facebook advertising in July.Eileen Fisher Inc. -- Pulling ads from Facebook through July.Adidas AG -- Will stop ads on Facebook and Instagram internationally through July, according to Adweek.Puma SE -- Will stop all advertisements on Facebook and Instagram throughout July.Madewell Inc. -- Will pause ads on Facebook and Instagram through July.Pfizer Inc. -- Removing all advertising from Facebook and Instagram in July, calls on Facebook to heed the concerns of the StopHateForProfit boycott campaign “and take action.”Chipotle Mexican Grill Inc. -- To pause Facebook advertising beginning July 1, according to an email.Chobani -- The Greek-yogurt company paused all paid social-media advertising.Peet’s Coffee -- Paused advertising on Facebook.Sony Interactive Entertainment Inc. -- ”In support of the StopHateForProfit campaign, we have globally suspended our Facebook and Instagram activity, including advertising and non-paid content, until the end of July.”(Updates with Sony Interactive Entertainment)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Fri, 03 Jul 2020
01:30:08 +0000
His Wealth Surged by $25 Billion. Then Jack Ma’s Rival Quit
(Bloomberg) -- Colin Huang’s ascent is one for the history books: In just six months, his fortune swelled by $25 billion -- one of the biggest gains among the world’s richest people.His Pinduoduo Inc., a Groupon-like shopping app he founded in 2015, has become China’s third-largest e-commerce platform, with a market value of more than $100 billion. In the first quarter, as the coronavirus pandemic caused most of the nation’s economy to grind to a halt, PDD’s active users surged 68% and revenue jumped 44%, the company said in May.Now Huang, who has overseen the firm as its American depositary receipts have more than quadrupled in less than two years, has stepped down as chief executive officer.At one point, his net worth climbed as high as $45 billion, placing him just behind China’s wealthiest people -- Tencent Holdings Ltd.’s Pony Ma and Alibaba Group Holding Ltd.’s Jack Ma -- on the Bloomberg Billionaires Index. That’s even as PDD continued to post losses, primarily because it chases growth with the help of generous subsidies and has been known to spend more on marketing than it earns in sales.“Pinduoduo was perfectly positioned for people being stuck at home,” said Tom Ronk, CEO of Century Pacific Investments in Newport, California.Huang, who controlled 43.3% of PDD shares, has reduced his stake to 29.4%, according to a June 30 regulatory filing. His fortune now stands at $30 billion.That excludes a $2.4 billion charitable holding that he shares with PDD’s founding team, and $7.9 billion that went to Pinduoduo Partnership, of which Huang and newly named CEO Lei Chen are members. The partnership will help fund science research and management incentives, according to a letter following Huang’s resignation. The wealth estimate also excludes $3.9 billion that people familiar with the matter said was transferred to an angel investor.PDD declined to comment on Huang’s holdings or net worth.Facing ChallengesHe will remain chairman and work on the company’s long-term strategy and corporate structure to help drive the future of the e-commerce giant, PDD said.“PDD is still facing some high-level challenges in product supply, relationship with brand merchants, logistics and payments,” said Shawn Yang, an analyst at Blue Lotus Capital Advisors. “Colin may want to focus more on these issues.”PDD’s success hinges on deals, which have become particularly popular with customers looking for bargains as the world’s second-largest economy slows. Most of its users come from smaller Chinese cities, and the app gives them extra discounts when they recommend a product through social networks and get friends to buy the same item.Fen Liu, a homemaker in Quanzhou, a provincial city in Fujian, said she accrued enough coupons with her friends’ help to reduce the price of a suitcase to zero.“I couldn’t believe my eyes when I saw my suitcase arrive in the mail,” she said. “It’s made me a loyal Pinduoduo user ever since.”‘Bargain Hunters’While PDD’s aggressive price-reduction strategies have helped win over people with lower incomes, they may stifle the company’s efforts to attract wealthier consumers, according to Charlie Chen and Veronica Shen, analysts at China Renaissance Securities in Hong Kong.“PDD’s users are largely bargain hunters reluctant to buy large-ticket items,” they wrote in a June 29 note, adding that the company’s image remains a key obstacle to users spending more. “We believe PDD is working to change its low-price brand image -- but this could be costly.”That may require heavy marketing and hurt margins further despite a strong user-base foundation for future growth, the analysts said. And PDD’s management has offered no clear path to profitability.Last year, the company’s “10 Billion RMB Subsidies” campaign, which is ongoing, led to a $2 billion increase in sales and marketing expenses to $3.9 billion, and those costs have been at 90% to 120% of revenue for the past two quarters, China Renaissance said.For the nation’s June 18 shopping festival, PDD provided a subsidy program with no cap across different product categories to push spending and attract more users. Other fast-growing Chinese startups -- including rival Meituan Dianping, ride-hailing app DiDi Chuxing and Starbucks Corp. competitor Luckin Coffee Inc. -- have also adopted subsidies strategies to maintain customer loyalty.Huang, 40, grew up in the eastern city of Hangzhou, where Alibaba has its headquarters. After receiving a degree at Zhejiang University, he went to the University of Wisconsin for a master’s in computer science. He began his career at Google in 2004 as a software engineer and returned to China in 2006 to help establish its operations in the country.He then became a serial entrepreneur. He started his first company in 2007, an e-commerce website called Ouku.com that he sold three years later after realizing it was too similar to thousands of others. He then launched Leqi, which helped companies market their services on websites like Alibaba’s Taobao or JD.com Inc., and a gaming firm that let users play on Tencent’s messaging app WeChat. Both took off and Huang found himself “financially free,” according to a 2017 interview.After getting an ear infection, he decided to retire in 2013 at age 33. But following a year of pondering what to do with his life -- he contemplated starting a hedge fund and moving to the U.S. -- he came up with the idea of combining e-commerce and social media. At the time, Alibaba dominated the online business, and WeChat became a must-have application on smartphones in China.The tables have turned since. In 2018, Alibaba launched a PDD-style app in an attempt to lure smaller-town users with bargains. It came months before Huang took his company public in New York, raising $1.63 billion in its July 2018 initial public offering. Since then, PDD has surged 389%, while Alibaba has gained just 13%.In 2017, Huang had said he was unlikely to spend the rest of his life at PDD. While he’s still chairman of the company, he now wants to give more responsibility to younger colleagues to keep the entrepreneurial spirit as PDD matures, he wrote in a letter to employees.“We envision Pinduoduo to be an organization that creates value for the public rather than being a showoff trophy for a few or carry too much personal color,” Huang said. “This will allow Pinduoduo to continually evolve with or without us one day.”(Updates PDD, Alibaba moves in 22nd paragraph. A previous version of this story corrected Fen Liu’s location.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Thu, 02 Jul 2020
21:32:58 +0000
Were Hedge Funds Right About Betting On Starbucks Corporation (SBUX)?
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]
Thu, 02 Jul 2020
19:20:24 +0000
Zuckerberg to Meet Civil Rights Groups That Led Facebook Boycott
(Bloomberg) -- Facebook Inc. Chief Executive Officer Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg will meet with at least three civil rights groups on Tuesday after their organizations led an advertising boycott of the social media giant.The Facebook executives will meet with Anti-Defamation League Chief Executive Officer Jonathan Greenblatt, Color of Change President Rashad Robinson and Derrick Johnson, chief executive officer of the National Association for the Advancement of Colored People, a Facebook spokesman confirmed.Facebook and the groups didn’t disclose further details of the meeting.Facebook reached out to the civil rights groups last week to arrange a meeting with Sandberg and Chief Product Officer Chris Cox, a company spokesman said. The civil rights groups said they wanted Zuckerberg to be at the meeting and he later confirmed he would attend, the spokesman added.Starbucks Corp., Levi Strauss & Co., PepsiCo Inc. and Diageo Plc were among the most recent companies to say they’re curtailing ad spending, part of an exodus aimed at pushing Facebook and its peers to suppress posts that glorify violence, divide and misinform the public, and promote racism and discrimination.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Thu, 02 Jul 2020
17:14:00 +0000
How the Restaurants Are Doing
In this episode of Industry Focus: Consumer Goods, Emily Flippen with Motley Fool contributor Dan Kline give a breakdown of the American Consumer Satisfaction Index Restaurant Report. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. This week, I'm welcoming back Dan Kline as we dissect the most recent American Consumer Satisfaction Index Restaurant Report.
Thu, 02 Jul 2020
15:50:26 +0000
Should Investors Buy the Dip in Starbucks (SBUX) Stock?
If you are looking for the best ideas for your portfolio you may want to consider some of Ensemble Capital's top stock picks. Ensemble Capital, an investment management firm, is bullish on Starbucks Corp (NASDAQ:SBUX) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed its investment […]
Thu, 02 Jul 2020
14:21:09 +0000
Beyond Meat Stock Needs ‘Second-Mover’ Advantage to Be a Real Winner
Beyond Meat (NASDAQ:BYND) is a special case. Although BYND stock is a food stock, it trades like a tech stock.Source: Sundry Photography / Shutterstock.com I wrote in June it was priced well beyond fundamentals. It still is. This is despite two sharp plunges that have it trading 17% below its June 11 price.Beyond Meat opened for trade July 2 at about $145 per share. That's a market cap of $8.8 billion for a company with 2019 revenues of $297 million and no profits. The valuation is beyond belief … it's beyond beyond. Even if it's made with plants, it's just hamburger! (OK, sometimes it's sausage.)InvestorPlace - Stock Market News, Stock Advice & Trading TipsYet analysts like TV's Jim Cramer keep pounding the table for BYND stock. He insists a deal with Alibaba (NYSE:BABA) to sell its products in China is a game changer.But at 30 times revenue? Beyond HappyBeyond's success and prospects have everyone pushing the happy button. The company's products are already available at Starbucks (NASDAQ:SBUX) and YUM! Brands' (NYSE:YUM) KFC chain. * 7 Utilities Stocks to Buy With Reassuring Dividends CEO Ethan Brown says the novel coronavirus pandemic is a unique opportunity for the company to scale and get its costs below those of farm-raised beef.Price has become the objection to products like Beyond's burgers. Brown knows that and is addressing it. The Alibaba link means Beyond will soon open a plant in China. Its new value pack is priced at $1.60 per burger. That's within 20% of the real thing. It's what Brown calls a "ruthless business strategy."Getting into China is also a big deal. So is the grocery store packaging, which takes Beyond past its roots in restaurants and food service. Target (NYSE:TGT) and Walmart (NYSE:WMT) are both selling the value pack for this weekend's cookouts. Trouble Ahead?But not all is wonderful in Beyond's universe.McDonald's (NYSE:MCD), for instance, would be a huge "get" for the plant-based protein company. It had been testing Beyond's patties in Canada, calling the result a "P.L.T," for plant, lettuce and tomato. But that test ended in April with no fanfare, no announcement and no plans to bring it back. It was like the big audition where the director just said, "Thank you, next" and you have no idea what went wrong.This, along with the stock's price, caused some to push the panic button. Barclay's dropped its rating from buy to sell, noting its continued reliance on restaurants for sales.It's not that McDonald's is divorcing itself from Beyond Meat. The company sells plant protein in many markets, like Finland, India and South Africa. But a full rollout in North America, where it has almost 14,000 outlets, would require an enormous commitment. It may just not be ready for that. Or it may be looking at other suppliers. There are dozens to choose from including Tyson Foods (NYSE:TSN), Kellogg (NYSE:K), Hormel Foods (NYSE:HRL), Nestle (OTCMKTS:NSRGY) and Kroger (NYSE:KR). The Bottom Line on BYND StockSince coming public in April 2019, BYND stock has traded for as much as $235 per share and for as little as $55, during the worst of the lockdown.If I had been smart enough to buy at the IPO, or at that March low, I would be taking profits right now.It's not that I doubt the future of meatless meat. I just think it will be a competitive market. Beyond must do more than get its costs below that of beef and pork. Its brand must beat other, larger companies trying to do the same thing. Brown's strategy isn't ruthless, it's essential to success.While Beyond Meat has first mover advantage, as MySpace once did, it has yet to prove what I call "second-mover" advantage, like Facebook (NASDAQ:FB). The pioneer proves the market, the winner exploits it. Do that, and you'll be a giant, my son.Dana Blankenhorn has been a financial journalist since 1978. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. As of this writing, he owned shares in FB and BABA. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Beyond Meat Stock Needs 'Second-Mover' Advantage to Be a Real Winner appeared first on InvestorPlace.
Thu, 02 Jul 2020
12:00:41 +0000
Luckin Stock Faces Delisting — Look Elsewhere to Invest
On June 26th, Luckin Coffee (NASDAQ:LK) tumbled more than 50%. The company withdrew its request to make a case for continuing its listing on the Nasdaq. Luckin stock was pulverized, then suspended for trading on June 29th.Source: Keitma / Shutterstock.com It was not a good ending and certainly not the one that bulls were hoping to see. To be quite frank, I'm not sure what investors were looking for with this name. If they were going to pick over the scraps, they had to know it was pure speculation.To be fair, speculation can be completely fine -- so long as it is done in the right manner.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Speculation vs. InvestingBefore accounting issues were found, Luckin Coffee traded pretty well. Once the news was out though, many investors stepped aside. They have learned -- either the hard way or from others -- that accounting issues equals "no touch," and certainly not "go long." * 9 Florida Stocks to Avoid as Coronavirus Rates Spike We're in strange times, though. Bankruptcy stocks, like Chesapeake Energy (NYSE:CHK) and Hertz (NYSE:HTZ), have caught huge bids off the lows. While the rallies have been unsustained, one can see why some investors thought perhaps LK stock was worth holding.That's the difference between investing and speculating. Buying Hertz, Chesapeake or Luckin was buying into the hope that perhaps the stock would double, triple or become some sort of a multi-bagger.In other words, they are somewhat like call options. Meaning that they have the potential to go up several times the original investment, but they also have the potential -- and depending who you ask, the likelihood -- to go to zero.If done with low enough risk, speculation is fine. Because we have to remember these securities can become worthless and they can do so in the blink of an eye. As a result, risk management is virtually non-existent, with the exception of knowing that investors can wake up in the morning with these shares being worthless. Alternatives to LK Stock Click to EnlargeSource: Chart courtesy of StockCharts.comBack in May, I wrote the following on Luckin Coffee:"If I'm not long Luckin now, there's no way I'm buying this stock. Where there's smoke, there's fire. There's hundreds of quality stocks to own right now and one that just fell 80% on cooked books is not one of them."That's the simple truth, too. Of all of the great companies trading at a discount to where they were trading at the start of the year, why would investors go with a stock that just fell 80% on accounting issues?If coffee and China are the two ingredients one needs in their portfolio, why not consider Starbucks (NASDAQ:SBUX) instead? The company has a solid balance sheet, reputable and dependable management and steady growth.Well, it had steady growth before the novel coronavirus came around. By and large though, investors can count on this company. For starters, it's profitable, free cash flow positive and has sound financials.When it comes to 2020 though, the feeling is mixed. Analysts expect Starbucks to earn 90 cents per share this year. While good that it's expected to generate a profit, that result is down almost 70% vs. 2019's earnings results. The costs related to Covid-19 are building up, as revenue is forecast to fall just 12.5% this year.The U.S. is Starbucks' largest market, followed by China. The company committed to building hundreds of stores per year for several consecutive years in China, as the potential in this country was clear. It's why Luckin stock popped up out of nowhere, only to turn out to be a fraud.Starbucks could have a bumpy second half of 2020, but for the long term, this company will get it done for investors. In recent years, SBUX has made a larger commitment to the dividend and it shows. Shares now yield 2.23%, a generous payout compared to the 64 basis point yield of the 10-year Treasury bond.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long SBUX stock. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Luckin Stock Faces Delisting a€” Look Elsewhere to Invest appeared first on InvestorPlace.
Thu, 02 Jul 2020
11:00:00 +0000
INSIGHT-The heat's on Corporate America to reveal racial diversity data
American companies are coming under increasing pressure from investors to publicly disclose information about diversity among employees in the wake of nationwide protests against racial discrimination. Many executives have pledged to champion equality in response to the Black Lives Matter demonstrations across the United States and beyond. The goal of global investors increasingly focused on social and governance issues is to gain a common metric on racial diversity to compare companies and hold them to account on their pledges, building on a drive to improve gender equality.
Wed, 01 Jul 2020
14:37:00 +0000
Better Buy: Starbucks vs. Shake Shack
Both of these premium food chains have their devoted fans, but one has a better chance to energize your portfolio.
Wed, 01 Jul 2020
14:18:49 +0000
Luckin Coffee winds up internal probe ahead of vote on chairman removal
Luckin Coffee Inc said on Wednesday it was winding up an internal probe on fake annual sales of about $300 million as it prepares to vote on a proposal to remove Founder-Chairman Charles Zhengyao Lu on July 2. The move by the troubled Beijing-based coffee chain comes follows a request by the majority of the directors based on a special committee's finding that the CEO and COO were involved in fabricating sales numbers. Luckin said the committee found that 2019 sales were inflated by 2.12 billion yuan ($300.1 million), and costs and expenses by 1.34 yuan billion ($189.7 million).
Wed, 01 Jul 2020
13:32:00 +0000
Beyond Meat Partners With Alibaba to Expand in China
Alternative meat producer Beyond Meat (NASDAQ: BYND) announced a new partnership with Alibaba (NYSE: BABA) to expand its reach in mainland China, according to CNBC. The company's Beyond Burgers will initially be sold in 50 of Alibaba's Freshippo grocery stores in Shanghai beginning Saturday. Beyond Meat already has a presence in mainland China through partnerships with Starbucks (NASDAQ: SBUX) and Yum China (NYSE: YUMC).



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