Starbucks Corporation (SBUX) Earning Somewhat Favorable News Coverage, Analysis Shows
Press coverage about Starbucks Corporation (NASDAQ:SBUX) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Starbucks Corporation earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news stories about the coffee company an impact score of 45.189096167016 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Vetr Inc. Upgrades Starbucks Corporation (SBUX) to “Strong-Buy” (americanbankingnews.com)
- People are threatening to boycott Starbucks over its holiday cup’s ‘gay agenda’ — but the controversy was invented by the media (SBUX) (msn.com)
- Starbucks Corp. :SBUX-US: Earnings Analysis: 2017 By the Numbers : November 21, 2017 (finance.yahoo.com)
- Here's How Starbucks Corporation Performed in Fiscal 2017 (finance.yahoo.com)
- Starbucks Corporation — Moody’s assigns A3 to Starbuck’s proposed $1.0 billion note offering (finance.yahoo.com)
Starbucks Corporation (NASDAQ:SBUX) traded down $0.12 on Friday, hitting $57.14. The stock had a trading volume of 7,309,000 shares, compared to its average volume of 9,348,807. Starbucks Corporation has a 52 week low of $52.58 and a 52 week high of $64.87. The firm has a market capitalization of $81,298.80, a PE ratio of 27.60, a price-to-earnings-growth ratio of 1.56 and a beta of 0.72. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.25.
Starbucks Corporation (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.55. Starbucks Corporation had a return on equity of 53.34% and a net margin of 12.89%. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same period last year, the firm posted $0.56 earnings per share. The business’s revenue was down .2% on a year-over-year basis. analysts forecast that Starbucks Corporation will post 2.31 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 16th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.10%. This is a boost from Starbucks Corporation’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, November 15th. Starbucks Corporation’s dividend payout ratio (DPR) is presently 60.91%.
A number of research analysts recently issued reports on SBUX shares. Vetr upgraded Starbucks Corporation from a “buy” rating to a “strong-buy” rating and set a $64.12 price objective for the company in a report on Tuesday, November 14th. Nomura reduced their price target on Starbucks Corporation from $67.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Mizuho reissued a “buy” rating and set a $75.00 price target on shares of Starbucks Corporation in a research report on Friday, September 29th. Credit Suisse Group reissued a “buy” rating on shares of Starbucks Corporation in a research report on Monday, November 6th. Finally, Zacks Investment Research raised Starbucks Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Twelve equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $63.31.
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In related news, insider Howard D. Schultz sold 290,176 shares of Starbucks Corporation stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $57.03, for a total transaction of $16,548,737.28. Following the completion of the sale, the insider now directly owns 29,872,564 shares of the company’s stock, valued at approximately $1,703,632,324.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Paul Mutty sold 3,000 shares of Starbucks Corporation stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $56.95, for a total value of $170,850.00. Following the sale, the senior vice president now directly owns 10,438 shares of the company’s stock, valued at $594,444.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 525,550 shares of company stock valued at $29,688,442. Insiders own 3.40% of the company’s stock.
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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