Starbucks Corporation (SBUX) Earns Coverage Optimism Rating of 0.12
News articles about Starbucks Corporation (NASDAQ:SBUX) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Starbucks Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the coffee company an impact score of 45.5978448761243 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Starbucks Hit by Fake Ad, Phone Scam (feedproxy.google.com)
- Starbucks downgrade cites cannibalization concern (feeds.marketwatch.com)
- Zacks: Analysts Expect Starbucks Corporation (NASDAQ:SBUX) Will Post Earnings of $0.55 Per Share (americanbankingnews.com)
- Starbucks sized up after guidance reset – Seeking Alpha (seekingalpha.com)
- 20 Undervalued, Sustainable Stocks (finance.yahoo.com)
Several equities research analysts have recently issued reports on SBUX shares. Vetr downgraded shares of Starbucks Corporation from a “strong-buy” rating to a “buy” rating and set a $64.50 price objective on the stock. in a research note on Tuesday, April 18th. Sanford C. Bernstein restated a “buy” rating and issued a $67.00 price objective on shares of Starbucks Corporation in a research note on Monday, June 12th. Cowen and Company restated an “outperform” rating and issued a $66.00 price objective on shares of Starbucks Corporation in a research note on Friday, July 21st. UBS AG set a $70.00 price objective on shares of Starbucks Corporation and gave the stock a “buy” rating in a research note on Wednesday, June 28th. Finally, Stephens restated an “equal weight” rating and issued a $58.00 price objective on shares of Starbucks Corporation in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company. Starbucks Corporation has an average rating of “Buy” and a consensus target price of $64.93.
Shares of Starbucks Corporation (NASDAQ:SBUX) traded down 1.43% during mid-day trading on Wednesday, reaching $53.74. The company had a trading volume of 16,717,719 shares. Starbucks Corporation has a 52-week low of $50.84 and a 52-week high of $64.87. The firm’s 50-day moving average price is $58.05 and its 200 day moving average price is $58.43. The company has a market cap of $77.60 billion, a price-to-earnings ratio of 27.13 and a beta of 0.80.
Starbucks Corporation (NASDAQ:SBUX) last posted its earnings results on Thursday, July 27th. The coffee company reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. The firm had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.76 billion. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. Equities analysts expect that Starbucks Corporation will post $2.08 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Thursday, August 10th will be given a $0.25 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $1.00 annualized dividend and a yield of 1.86%. Starbucks Corporation’s dividend payout ratio is presently 50.76%.
In related news, Director Jorgen Vig Knudstorp acquired 18,000 shares of the stock in a transaction dated Friday, August 4th. The stock was bought at an average cost of $55.30 per share, for a total transaction of $995,400.00. Following the completion of the transaction, the director now directly owns 18,000 shares of the company’s stock, valued at $995,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Myron E. Ullman III sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $60.63, for a total value of $606,300.00. Following the transaction, the director now owns 24,000 shares of the company’s stock, valued at $1,455,120. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.
Starbucks Corporation Company Profile
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.
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