Starbucks Corporation (SBUX) Earning Somewhat Favorable Press Coverage, Study Shows
News coverage about Starbucks Corporation (NASDAQ:SBUX) has trended somewhat positive on Monday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Starbucks Corporation earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave media coverage about the coffee company an impact score of 44.6873518489917 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Starbucks Corporation (SBUX) Given Buy Rating at Cowen and Company (americanbankingnews.com)
- Starbucks: Is The Pullback A Buying Opportunity? (seekingalpha.com)
- Pumpkin Spice Latte Is Back At Starbucks, But It May Face A New Fall Flavor Challenge (finance.yahoo.com)
- Starbucks Wants To Close All Its Teavana Stores. Mall Owner Simon Says Not So Fast (finance.yahoo.com)
- A Technical Look At 2 Stocks: Starbucks Corporation (SBUX), Allergan plc (AGN) (currenthollywood.com)
Several analysts have recently weighed in on SBUX shares. Sanford C. Bernstein reaffirmed a “buy” rating and set a $67.00 price target on shares of Starbucks Corporation in a research note on Monday, June 12th. Cowen and Company reaffirmed an “outperform” rating and set a $66.00 price target on shares of Starbucks Corporation in a research note on Friday, July 21st. UBS Group AG set a $70.00 price target on shares of Starbucks Corporation and gave the company a “buy” rating in a research note on Wednesday, June 28th. BTIG Research reaffirmed a “buy” rating and set a $64.00 price target on shares of Starbucks Corporation in a research note on Sunday, July 30th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $65.00 price target on shares of Starbucks Corporation in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $64.64.
Shares of Starbucks Corporation (NASDAQ SBUX) traded up 0.13% on Monday, hitting $54.93. 7,696,302 shares of the company’s stock were exchanged. The stock has a market cap of $79.31 billion, a price-to-earnings ratio of 27.73 and a beta of 0.78. Starbucks Corporation has a 12-month low of $50.84 and a 12-month high of $64.87. The company’s 50-day moving average price is $55.31 and its 200 day moving average price is $58.06.
Starbucks Corporation (NASDAQ:SBUX) last issued its earnings results on Thursday, July 27th. The coffee company reported $0.55 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The business had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.76 billion. Starbucks Corporation had a net margin of 12.93% and a return on equity of 52.82%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 earnings per share. On average, equities analysts predict that Starbucks Corporation will post $2.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Thursday, August 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Tuesday, August 8th. Starbucks Corporation’s payout ratio is 50.76%.
In related news, Director Myron E. Ullman III sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $60.63, for a total value of $606,300.00. Following the completion of the sale, the director now owns 24,000 shares in the company, valued at $1,455,120. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jorgen Vig Knudstorp acquired 18,000 shares of Starbucks Corporation stock in a transaction that occurred on Friday, August 4th. The stock was bought at an average price of $55.30 per share, with a total value of $995,400.00. Following the purchase, the director now directly owns 18,000 shares of the company’s stock, valued at $995,400. The disclosure for this purchase can be found here. 3.40% of the stock is owned by 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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