Starbucks Corporation (NASDAQ:SBUX) Shares on the Go mid-Session
- Author: Carolyn Briggs Feb 14, 2017,
Feb 14, 2017, 6:00
Starbucks Corporation (NASDAQ:SBUX) share price Jumped 0.73% to reach $56.22 during the last trading session. It has been recommended as "Buy Opinions" from 14 and 0 suggested "Sell Thoughts" for the stock. Additionally, Starbucks produces and sells bottled Frappuccino coffee drink and a line of premium ice creams through its joint venture partnerships and offers a line of innovative premium teas produced by its wholly owned subsidiary, Tazo Tea Company. Finally, Alpha Windward LLC boosted its stake in shares of Starbucks Corporation by 0.9% in the third quarter.
The stock is now showing YTD performance of 1.72 Percent. BlackRock Fund Advisors boosted its position in Starbucks Corporation by 3.6% in the third quarter. The 21.10% returns on assets presents notable condition of firm. Proficio Capital Partners LLC boosted its position in shares of Starbucks Corporation by 5.2% in the second quarter. Jennison Associates LLC now owns 18,100,866 shares of the coffee company's stock worth $979,981,000 after buying an additional 869,852 shares during the period. Cornerstone Advisors Inc. boosted its position in shares of Starbucks Corporation by 186.0% in the third quarter. Stock exchanged hands with the total volume of 4.52 Million shares, as contrast to its average volume of 2.40 Million shares.
The relative price strength of Starbucks Corporation has a negative value of -7 compared to overall market performance. The company's price sits -1.28% below from its 50-day moving average of $56.71 and 1.67% far from the stock's 200-day moving average which is $55.72. Starbucks Corporation's quarterly revenue was up 6.7% compared to the same quarter previous year. However the company observed 52 week high price on 04/08/16 and witnessed 52 week low price on 11/04/16.
Starbucks Corporation (NASDAQ:SBUX) last released its earnings results on Thursday, January 26th.
The company reported its EPS on 01/26/2017. The returns on investment very popular metric among passive investors, it stands at 29.50%. The firm earned $5.70 billion during the quarter, compared to analysts' expectations of $5.85 billion. The high end of the earnings forecast is $1.13 per share and low end is $1.06 per share. The business's quarterly revenue was up 6.7% compared to the same quarter past year.
Starbucks Corporations in-depth stock price analysis indicates that the stock price has rallied 0.81% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -1.87%.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Thursday, February 9th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, February 7th. This represents a $1.00 dividend on an annualized basis and a yield of 1.78%.
A total of 23 brokerages have issued a ratings update on Starbucks Corporation. Wedbush reissued an "outperform" rating and set a $65.00 price target on shares of Starbucks Corporation in a report on Thursday, December 8th. If you are viewing this piece on another publication, it was illegally copied and reposted in violation of United States and worldwide copyright and trademark laws. Starbucks Corporation presently has an average rating of "Buy" and an average target price of $63.98. Analysts have a mean recommendation of 2.70 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Goldman Sachs Group, Inc. (The) reissued a "buy" rating and issued a $66.00 price objective on shares of Starbucks Corporation in a research note on Sunday, November 6th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company's stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Narrowing in, the stock is at a distance of -5.20% from the 50 day high and 4.89% off of the 50 day low.Covering sell-side analysts have recently weighed in on shares of Starbucks Corporation (NASDAQ:SBUX). The disclosure for this sale can be found here. Tightening the gaze, stock performance for the last 5 trading days is 2.57%. 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.