News articles about Starbucks Corporation (NASDAQ:SBUX) have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Starbucks Corporation earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned press coverage about the coffee company an impact score of 44.066981924817 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
- Barron’s cover story: Starbucks has a technology lesson for Silicon Valley (feeds.marketwatch.com)
- Starbucks Corp (SBUX) Approaches New Downside Target of $52.48 (mysmartrend.com)
- Starbucks Corporation (NASDAQ:SBUX) Rating Reiterated by BTIG Research (vothemes.com)
- Starbucks Corporation (NASDAQ:SBUX) Stock Rating Reaffirmed by Cowen and Company (fishinghd.com)
- Starbucks Corporation (NASDAQ:SBUX) Stake Raised by Pioneer Investment Management Inc (wisdomsave.com)
Several equities analysts have recently weighed in on the stock. Jefferies Group LLC reissued an “average” rating and issued a $65.00 price objective on shares of Starbucks Corporation in a research report on Friday, July 28th. Deutsche Bank AG raised shares of Starbucks Corporation from a “hold” rating to a “buy” rating and raised their price target for the stock from $59.00 to $69.00 in a research report on Monday, May 15th. 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 Saturday, May 13th. Stifel Nicolaus upgraded shares of Starbucks Corporation to a “buy” rating in a research note on Saturday, May 13th. Finally, Mizuho initiated coverage on shares of Starbucks Corporation in a research note on Thursday, June 8th. They issued a “buy” rating and a $75.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $64.93.
Starbucks Corporation (NASDAQ SBUX) traded down 0.64% on Friday, hitting $52.70. 10,370,499 shares of the company traded hands. The firm’s 50 day moving average price is $56.32 and its 200 day moving average price is $58.13. Starbucks Corporation has a 1-year low of $50.84 and a 1-year high of $64.87. The firm has a market capitalization of $76.09 billion, a PE ratio of 26.60 and a beta of 0.80.
Starbucks Corporation (NASDAQ:SBUX) last issued its earnings results on Thursday, July 27th. The coffee company reported $0.55 EPS for the quarter, hitting analysts’ consensus estimates of $0.55. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The firm had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. Equities research analysts predict that Starbucks Corporation will post $2.07 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Thursday, August 10th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.90%. Starbucks Corporation’s dividend payout ratio is currently 50.76%.
In other news, Director Myron E. Ullman III sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $1,455,120. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jorgen Vig Knudstorp purchased 18,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was bought at an average cost of $55.30 per share, with a total value of $995,400.00. Following the acquisition, the director now owns 18,000 shares of the company’s stock, valued at approximately $995,400. The disclosure for this purchase can be found here. Corporate insiders own 3.40% of the company’s stock.
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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