Media coverage about Starbucks Corporation (NASDAQ:SBUX) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded 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 0.24 on Accern’s scale. Accern also assigned headlines about the coffee company an impact score of 45.507147217502 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- 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)
Shares of Starbucks Corporation (SBUX) traded down 0.64% on Friday, hitting $52.70. 10,370,499 shares of the stock were exchanged. The company has a 50-day moving average price of $56.32 and a 200-day moving average price of $58.13. The firm has a market capitalization of $76.09 billion, a PE ratio of 26.60 and a beta of 0.80. Starbucks Corporation has a one year low of $50.84 and a one year high of $64.87.
Starbucks Corporation (NASDAQ:SBUX) last announced its quarterly earnings results on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. The company had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.76 billion. Starbucks Corporation had a net margin of 12.93% and a return on equity of 52.82%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 EPS. Equities research analysts expect that Starbucks Corporation will post $2.07 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Thursday, August 10th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, August 8th. Starbucks Corporation’s dividend payout ratio (DPR) is presently 50.76%.
A number of brokerages have commented on SBUX. Vetr downgraded Starbucks Corporation from a “buy” rating to a “hold” rating and set a $65.15 target price for the company. in a research note 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 target on the stock. Sanford C. Bernstein reaffirmed a “buy” rating and set a $67.00 price target on shares of Starbucks Corporation in a report on Monday, June 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $66.00 price target on shares of Starbucks Corporation in a report on Tuesday, June 13th. Finally, OTR Global cut Starbucks Corporation to a “positive” rating in a report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company. Starbucks Corporation currently has an average rating of “Buy” and an average price target of $64.93.
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In related news, Director Myron E. Ullman III sold 10,000 shares of Starbucks Corporation stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $60.63, for a total transaction of $606,300.00. Following the sale, the director now directly owns 24,000 shares of the company’s stock, valued at approximately $1,455,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jorgen Vig Knudstorp purchased 18,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were bought at an average cost of $55.30 per share, for a total transaction of $995,400.00. Following the completion of the acquisition, the director now directly owns 18,000 shares in the company, valued at approximately $995,400. The disclosure for this purchase can be found here. 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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