News articles about Starbucks (NASDAQ:SBUX) have been trending somewhat positive recently, InfoTrie reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Starbucks earned a media sentiment score of 1.43 on their scale. InfoTrie also assigned news stories about the coffee company an news buzz score of 8 out of 10, meaning that recent press coverage is very likely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected Starbucks’ analysis:
- No One Wakes Up Wondering Where They Can Get a Latte (finance.yahoo.com)
- Chelsea’s N’Golo Kante will pay more tax than Amazon and Starbucks COMBINED (mirror.co.uk)
- Black Friday is also National Espresso Day: Starbucks, Dunkin' and more stores are celebrating (rssfeeds.usatoday.com)
- Starbucks (SBUX) Stock Sinks As Market Gains: What You Should Know (finance.yahoo.com)
- Starbucks: Analysts Favor a ‘Buy’ Rating (finance.yahoo.com)
Several brokerages recently weighed in on SBUX. Argus upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Monday, November 12th. Citigroup increased their price target on shares of Starbucks from $65.00 to $81.00 and gave the stock a “buy” rating in a report on Monday, November 12th. BidaskClub upgraded Starbucks from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 13th. Zacks Investment Research restated a “buy” rating and issued a $66.00 price objective on shares of Starbucks in a research report on Thursday, November 15th. Finally, Bank of America set a $68.00 price objective on Starbucks and gave the stock a “buy” rating in a research report on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $64.69.
Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, November 1st. The coffee company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.28 billion. Starbucks had a return on equity of 86.33% and a net margin of 18.28%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS. Sell-side analysts expect that Starbucks will post 2.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be issued a $0.36 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.44 dividend on an annualized basis and a yield of 2.19%. Starbucks’s payout ratio is currently 59.50%.
In other Starbucks news, Director Myron E. Ullman III sold 99,166 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $55.05, for a total value of $5,459,088.30. Following the transaction, the director now owns 29,000 shares in the company, valued at approximately $1,596,450. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.40% of the company’s stock.
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Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.
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