News coverage about Starbucks Corporation (NASDAQ:SBUX) has been trending somewhat positive recently, Alpha One Sentiment reports. Alpha One, a subsidiary of Accern, scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Starbucks Corporation earned a news impact score of 0.11 on Alpha One’s scale. Alpha One also assigned media headlines about the coffee company an impact score of 76 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Alpha One’s analysis:
- Starbucks Short Bets Are on the Rise (SBUX) (investopedia.com)
- Starbucks Barista Accused of Bullying NC Customer (feedproxy.google.com)
- Critical Comparison: Starbucks Corporation (SBUX) versus Shake Shack (SHAK) (americanbankingnews.com)
- Starbucks Stock Tests Key Support Levels (SBUX) (investopedia.com)
Several brokerages have recently issued reports on SBUX. Vetr cut Starbucks Corporation from a “buy” rating to a “hold” rating and set a $65.15 price objective on the stock. in a report on Thursday, May 25th. Mizuho began coverage on Starbucks Corporation 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 set a $67.00 price objective on shares of Starbucks Corporation in a report on Monday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 price objective on shares of Starbucks Corporation in a report on Tuesday. Finally, OTR Global cut Starbucks Corporation to a “positive” rating in a report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $65.15.
Shares of Starbucks Corporation (SBUX) traded up 0.08% on Friday, hitting $60.14. The stock had a trading volume of 11,522,193 shares. The stock has a 50 day moving average price of $61.52 and a 200-day moving average price of $58.32. The company has a market cap of $87.09 billion, a price-to-earnings ratio of 29.74 and a beta of 0.76. Starbucks Corporation has a 12-month low of $50.84 and a 12-month high of $64.87.
Starbucks Corporation (NASDAQ:SBUX) last released its earnings results on Thursday, April 27th. The coffee company reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. Starbucks Corporation had a return on equity of 51.65% and a net margin of 13.47%. The company had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities analysts expect that Starbucks Corporation will post $2.10 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Thursday, May 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.66%. The ex-dividend date was Tuesday, May 9th. Starbucks Corporation’s payout ratio is 49.75%.
In related news, insider Clifford Burrows sold 114,826 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $59.46, for a total value of $6,827,553.96. Following the sale, the insider now owns 363,343 shares of the company’s stock, valued at approximately $21,604,374.78. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Myron E. Ullman III sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $60.43, for a total value of $1,208,600.00. Following the completion of the sale, the director now directly owns 34,000 shares in the company, valued at approximately $2,054,620. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.
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About Starbucks Corporation
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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