The stock of Starbucks Corporation (NASDAQ:SBUX) last traded at $95.16, down -0.14% from the previous session.
Data from the available sources indicates that Starbucks Corporation (NASDAQ:SBUX) is covered by 30 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $150.00 and a low of $101.00, we find $110.00. Given the previous closing price of $95.29, this indicates a potential upside of 15.44 percent. SBUX stock price is now -3.96% away from the 50-day moving average and -6.92% away from the 200-day moving average. The market capitalization of the company currently stands at $110.05B.
In total, 19 analysts have assigned it a hold rating, and 10 have given it a buy rating. Brokers who have rated the stock have averaged $113.30 as their price target over the next twelve months.
With the price target reduced from $117 to $107, TD Cowen Downgraded its rating from Outperform to Market Perform for Starbucks Corporation (NASDAQ: SBUX).
In other news, Ruggeri Rachel, evp, cfo sold 679 shares of the company’s stock on Jun 21. The stock was sold for $68,307 at an average price of $100.60. Upon completion of the transaction, the evp, cfo now directly owns 54,761 shares in the company, valued at $5.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21, evp, cfo Ruggeri Rachel sold 736 shares of the business’s stock. A total of $77,648 was realized by selling the stock at an average price of $105.50. This leaves the insider owning 56,028 shares of the company worth $5.33 million. Insiders disposed of 44,297 shares of company stock worth roughly $4.22 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SBUX stock. A new stake in Starbucks Corporation shares was purchased by CLEAR STREET LLC during the first quarter worth $40,481,000. TWINBEECH CAPITAL LP invested $28,981,000 in shares of SBUX during the first quarter. In the first quarter, UNISUPER MANAGEMENT PTY LTD acquired a new stake in Starbucks Corporation valued at approximately $28,637,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. acquired a new stake in SBUX for approximately $22,457,000. PAYDEN & RYGEL purchased a new stake in SBUX valued at around $19,540,000 in the second quarter. In total, there are 2,941 active investors with 72.10% ownership of the company’s stock.
With an opening price of $95.45 on Wednesday morning, Starbucks Corporation (NASDAQ: SBUX) set off the trading day. During the past 12 months, Starbucks Corporation has had a low of $82.43 and a high of $115.48. According to the stock market information, the enterprise value for the company is $129.90B, which is based on a 28.98 price-to-earnings ratio, a 1.78 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for SBUX is $98.99 and a two-hundred day moving average price translates $102.19 for the stock.
The latest earnings results from Starbucks Corporation (NASDAQ: SBUX) was released for Jul, 2023. The net profit margin was 10.80% and return on equity was -44.20% for SBUX. The company reported revenue of $9.17 billion for the quarter, compared to $8.15 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.49 percent.
Moreover, the firm recently paid out its quarterly dividend on 08/25/2023. Investors who held shares on 08/11/2023 were paid a $0.53 dividend. On an annualized basis, this represents a $2.12 dividend and a 2.23% percent yield. There was an ex-dividend date of 08/10/2023 for this dividend. In terms of dividend payout ratio, SBUX is presently at 63.10%.
Starbucks Corporation(SBUX) Company Profile
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. The company offers its products under the Starbucks, Teavana, Seattle’s Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve, and Princi brands. Starbucks Corporation has company-operated and licensed stores in North America and internationally. The company was founded in 1971 and is based in Seattle, Washington.
