|Bid||72.31 x 1000|
|Ask||72.42 x 1000|
|Day's range||71.93 - 73.50|
|52-week range||68.39 - 126.32|
|Beta (5Y monthly)||0.97|
|PE ratio (TTM)||19.33|
|Earnings date||02 Aug 2022|
|Forward dividend & yield||1.96 (2.70%)|
|Ex-dividend date||12 May 2022|
|1y target est||94.47|
Starbucks (NASDAQ: SBUX) and General Mills (NYSE: GIS) made news on that score recently, as both of the food and beverage companies announced strategic divestitures designed to let them concentrate more on their best prospects for long-term growth. Starbucks announced late Tuesday that it had entered into an agreement to sell its Evolution Fresh brand to privately held Bolthouse Farms.
Starbucks will continue to sell Evolution Fresh products at its stores in the United States, the company said, adding that the transaction was expected to close later this year. Starbucks had acquired Evolution Fresh in 2011 for $30 million in cash.
SEATTLE, May 24, 2022--Starbucks (NASDAQ: SBUX) and Bolthouse Farms today announced entry into a definitive agreement for Bolthouse Farms to acquire the brand and business of Evolution Fresh. The partners (employees) that support the business will also transition to Bolthouse Farms upon close of the transaction.