Somewhat Positive News Coverage Somewhat Unlikely to Affect Starbucks (SBUX) Stock Price
Media headlines about Starbucks (NASDAQ:SBUX) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Starbucks earned a news impact score of 0.08 on Accern’s scale. Accern also assigned press coverage about the coffee company an impact score of 45.732475617778 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Starbucks Maple Pecan Latte joins the pumpkin spice latte on the fall menu (marketwatch.com)
- Move Over, Pumpkin Spice Lattes: Starbucks Has a New Fall Drink (finance.yahoo.com)
- Retailers, Time To Brand Your Store With A Signature Scent — Pumpkin Spice, Anyone? (finance.yahoo.com)
- Pumpkin spice latte president: Former Starbucks CEO vs Donald Trump in 2020? (finance.yahoo.com)
- 5 Ways Toymaker Mattel Wants to Be More Like Google (finance.yahoo.com)
Starbucks (NASDAQ SBUX) traded up 0.15% on Friday, hitting $55.09. The stock had a trading volume of 6,950,029 shares. The company has a 50-day moving average price of $54.19 and a 200 day moving average price of $57.85. The firm has a market cap of $79.54 billion, a PE ratio of 27.81 and a beta of 0.78. Starbucks has a 52-week low of $50.84 and a 52-week high of $64.87.
Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.76 billion. Starbucks had a return on equity of 48.46% and a net margin of 12.21%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. Equities analysts forecast that Starbucks will post $2.07 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Thursday, August 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $1.00 annualized dividend and a yield of 1.82%. Starbucks’s dividend payout ratio (DPR) is presently 50.76%.
A number of equities analysts recently weighed in on the company. Vetr raised Starbucks from a “hold” rating to a “buy” rating and set a $65.47 price objective on the stock in a report on Thursday, June 8th. Mizuho began coverage on Starbucks in a report on Thursday, June 8th. They set a “buy” rating and a $75.00 price objective on the stock. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $67.00 price target on shares of Starbucks in a research note on Monday, June 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $66.00 price target on shares of Starbucks in a research note on Tuesday, June 13th. Finally, Wedbush cut Starbucks from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $61.00 to $65.00 in a research note on Wednesday, June 14th. They noted that the move was a valuation call. Thirteen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. Starbucks currently has a consensus rating of “Buy” and a consensus target price of $64.64.
In other news, insider John Culver sold 64,776 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $53.54, for a total value of $3,468,107.04. Following the completion of the sale, the insider now owns 390,341 shares of the company’s stock, valued at approximately $20,898,857.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Myron E. Ullman III sold 22,966 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $53.41, for a total value of $1,226,614.06. Following the completion of the sale, the director now directly owns 36,966 shares of the company’s stock, valued at approximately $1,974,354.06. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.
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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