Starbucks Corporation (SBUX) Receiving Somewhat Positive Press Coverage, Study Finds
News coverage about Starbucks Corporation (NASDAQ:SBUX) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of 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 0.15 on Accern’s scale. Accern also gave news headlines about the coffee company an impact score of 46.0772110781181 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Seattle off menu as Lavazza brews up plans for 15 coffee shops (feeds.reuters.com)
- Italian coffee chains prep for Starbucks invasion (seekingalpha.com)
- Pizza Hut Manager's Irma Memo Leaves a Bad Aftertaste for Yum! Brands (finance.yahoo.com)
- Ray Dalio Also Thinks AI Will Be a Killer Just Like Tesla’s Elon Musk Does (finance.yahoo.com)
- The Toys ‘R’ Us Bankruptcy Filing a Reminder That Amazon Is Crushing Everyone (finance.yahoo.com)
Starbucks Corporation (NASDAQ SBUX) traded down 0.13% during trading on Tuesday, reaching $54.62. The company’s stock had a trading volume of 5,187,121 shares. The firm has a market capitalization of $78.87 billion, a price-to-earnings ratio of 27.57 and a beta of 0.78. Starbucks Corporation has a 52-week low of $50.84 and a 52-week high of $64.87. The stock’s 50-day moving average is $54.19 and its 200 day moving average is $57.85.
Starbucks Corporation (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, July 27th. The coffee company reported $0.55 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.55. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The business had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same period last year, the business earned $0.49 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, analysts predict that Starbucks Corporation will post $2.07 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Thursday, August 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Tuesday, August 8th. Starbucks Corporation’s payout ratio is 50.76%.
SBUX has been the subject of several research reports. Jefferies Group LLC reaffirmed an “average” rating and set a $65.00 price target on shares of Starbucks Corporation in a research note on Friday, July 28th. UBS AG set a $70.00 price target on Starbucks Corporation and gave the stock a “buy” rating in a research note on Wednesday, June 28th. BidaskClub downgraded Starbucks Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. 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. Finally, Vetr raised Starbucks Corporation from a “hold” rating to a “buy” rating and set a $65.47 price target for the company in a research note on Thursday, June 8th. Thirteen 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 stock has a consensus rating of “Buy” and an average target price of $64.64.
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In other Starbucks Corporation news, insider John Culver sold 64,776 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $53.54, for a total value of $3,468,107.04. Following the sale, the insider now owns 390,341 shares of the company’s stock, valued at approximately $20,898,857.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Myron E. Ullman III sold 22,966 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $53.41, for a total value of $1,226,614.06. Following the completion of the sale, the director now directly owns 36,966 shares in the company, valued at approximately $1,974,354.06. The disclosure for this sale can be found here. Company 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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