Thursday, 24 May, 2018

Starbucks Corporation (SBUX) has current market capitalization of $79.66 Billion

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Jodi Jackson | 12 May, 2018, 21:36

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Seekingalpha.com which released: "Starbucks: Market Underrating Nestle Alliance" on May 10, 2018, also Seekingalpha.com with their article: "Starbucks: A Good Candidate For Value Investors" published on May 09, 2018, Seekingalpha.com published: "Starbucks: Is Nestle The Swiss Savior?" on May 10, 2018. This repurchase authorization permits the coffee company to buy shares of its stock through open market purchases. Taylor Hoffman Wealth Management bought a new position in Starbucks in the fourth quarter worth about $107,000. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

Metropolitan Life Insurance Co. Investors measure stock performance on the basis of a company's earnings power. Starbucks has a fifty-two week low of $57.07 and a fifty-two week high of $57.86. The stock closing price is now trading downward to its 50 day moving average with change of -0.81%, tumbled to its 20 day moving average with figure of -0.98% and above its 200 day moving average with value 1.65%. This article presents updated analysis story and can support yours research about Starbucks Corporation (SBUX). The company provided EPS guidance of $2.48-2.53 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.49.

A total of 18 analysts rate Starbucks Corp (NASDAQ:SBUX) as follows: 11 "Buy", 7 "Hold" and 0 "Sell". The institutional investor held 526,448 shares of the restaurants company at the end of 2017Q4, valued at $30.23M, up from 55,172 at the end of the previous reported quarter. During the same quarter last year, the business earned $0.45 earnings per share. sell-side analysts predict that Starbucks will post 2.49 EPS for the current fiscal year. Private Wealth Advisors Inc has 0.59% invested in Starbucks Corporation (NASDAQ:SBUX) for 26,388 shares. The stock's Dividend Yield stands at 2.08%. Starbucks's dividend payout ratio (DPR) is 58.25%.

A number of equities research analysts have recently weighed in on the stock. Oppenheimer reaffirmed a "buy" rating and set a $66.00 price target on shares of Starbucks in a report on Friday, January 19th. Piper Jaffray reissued a "buy" rating and issued a $70.00 target price on shares of Starbucks in a report on Friday, January 26th. On Monday, January 29 Bernstein downgraded the shares of SBUX in report to "Hold" rating. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eighteen have issued a buy rating to the stock. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

In related news, Director Craig Weatherup sold 59,838 shares of the stock in a transaction dated Tuesday, March 13th. The stock price is showing -1.05% distance below 50 SMA. The company moved in the past week with shift of 2.71%. The disclosure for this sale can be found here. When beta is less/more than 1, it can be read that the stock is theoretically less/more volatile than the market.

Insiders own 3.40% of the company's stock.

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