Nestle and Starbucks shares rise as coffee prices surge to highest since 1970s
Portfolio Pulse from
Coffee prices have surged to their highest levels since the 1970s due to supply concerns, leading to mixed reactions in coffee-related stocks. Nestle and Starbucks shares rose, while Keurig Dr Pepper Inc saw a decline.
November 27, 2024 | 7:00 pm
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NEGATIVE IMPACT
Keurig Dr Pepper Inc shares fell by 1% despite the surge in coffee prices, indicating potential concerns over cost pressures.
Keurig Dr Pepper may face cost pressures from rising coffee prices, impacting its profit margins negatively.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Starbucks shares rose as coffee prices surged to their highest since the 1970s, driven by supply concerns.
Starbucks benefits from higher coffee prices as it can pass on costs to consumers, potentially increasing revenue.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80