Investors Keen on a Bargain are Looking at Starbucks Corporation (NASDAQ:SBUX)
- Author: Zachary Reyes Jun 15, 2017,
Jun 15, 2017, 14:38
Hartline Inv Corp holds 1.18% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 60,897 shares. Mechanics Bank Trust Department's holdings in Starbucks Corporation were worth $471,000 at the end of the most recent reporting period.
Shares of Starbucks have dropped 0.5% to $60.59 at 10:01 a.m. today. Fort Point Capital Partners LLC now owns 13,825 shares of the coffee company's stock valued at $748,000 after buying an additional 3,441 shares in the last quarter. BCE Inc. had 33 analyst reports since July 24, 2015 according to SRatingsIntel. It improved, as 59 investors sold SBUX shares while 450 reduced holdings.
Wendell David Associates Inc decreased Roche Holding Ltd Adr (RHHBY) stake by 28,090 shares to 119,300 valued at $3.40M in 2016Q4. The relative volume of the stock is 0.9, while its market cap is $90.55 Billion. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. Ltd. raised its stake in shares of Starbucks Corporation by 794.9% in the fourth quarter. Empirical Financial Services LLC boosted its position in shares of Starbucks Corporation by 5.7% in the third quarter. Starbucks Corporation has a 1-year low of $50.84 and a 1-year high of $64.87.
Depomed, Inc. (DEPO) observed trading -6.37% away from the 20-day moving average and -13.37% off from its 50-day simple moving average. Btr Cap Mngmt holds 33,562 shares or 0.41% of its portfolio.
Several analysts have released their opinion on Starbucks Corporation (NASDAQ:SBUX), with 15 analysts believing it is a strong buy. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. The business's revenue was up 7.3% compared to the same quarter a year ago. A recommendation of 1 or 2 would represent a consensus Buy.
The business also recently declared a quarterly dividend, which was paid on Friday, May 26th. Advisor Partners Lc accumulated 19,900 shares or 0.33% of the stock. The ex-dividend date was Tuesday, May 9th. Front Barnett Associates Ltd stated it has 0.08% in Starbucks Corporation (NASDAQ:SBUX). The legal version of this piece can be read at https://sportsperspectives.com/2017/06/15/moody-national-bank-trust-division-has-1570000-stake-in-starbucks-co-sbux-updated-updated-updated.html. If you are accessing this story on another website, it was stolen and reposted in violation of United States & worldwide copyright & trademark legislation. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $66.00 price target on shares of Starbucks Corporation in a research note on Monday, March 13th.
Shares of Starbucks Corp. slumped Wednesday, putting them on track to suffer an eighth straight loss, after a Wedbush Securities analyst downgraded the coffee giant for the first time, on concerns that investors may be too optimistic about the sales outlook. Although Wedbush is not making that big a shift in its call, the firm did make sure to say that it now views current 2017 and 2018 expectations as realistic and the valuation is fair. Evercore upgraded the shares of GPI in report on Wednesday, March 9 to "Hold" rating. Finally, Mizuho assumed coverage on Starbucks Corporation in a research note on Thursday, June 8th.
Let's take a look at analyst target price estimates on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock.
Let's talk about the gap between analyst price targets for the next 12 months and Starbucks Corporation (SBUX)'s current share price.
In other Starbucks Corporation news, Director Myron E. Ullman III sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 3rd. 970.72 million shares or 1.73% more from 954.23 million shares in 2016Q3 were reported. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Clifford Burrows sold 114,826 shares of the stock in a transaction on Thursday, May 18th. Following the completion of the sale, the insider now directly owns 363,343 shares of the company's stock, valued at approximately $21,604,374.78. The disclosure for this sale can be found here. The third largest holder is State Street Corp, which now holds $3.73 billion worth of this stock and that ownership represents almost 4.14% of its market capitalization.
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee.