Starbucks Corporation (NASDAQ:SBUX) shows weekly volitility of 1.02%

Cheryl Sanders
February 24, 2017

Starbucks Corporation closed its last trading session at $57.54 with the gain of 0.05%. This company shares are 12.01% off its target price of $64.56 and the current market capitalization stands at $83.09B. These analysts polled by Zacks Research now have a mean target price of $63.47 on the stock.

A number of other analysts have also weighed in on the stock. Buckingham Research analysts disclosed their opinion on Starbucks Corporation (NASDAQ:SBUX) recently. Vetr raised shares of Starbucks Corporation from a "buy" rating to a "strong-buy" rating and set a $65.11 price target for the company in a research report on Monday, March 7th. Research entities assess the varied financial aspects of a firm and then draft reports on shares. The Average Volume of the company is 9.19 Million and P/E (price to earnings) ratio is 29.51, while Forward P/E ratio is 23.45. Deutsche Bank AG reissued a "buy" rating and set a $70.00 price target on shares of Starbucks Corporation in a research report on Wednesday, January 20th. Year-to-Date the stock performance stands at 4.29%.Starbucks Corporation (NASDAQ:SBUX): The mean estimate for the short term price target for Starbucks Corporation (NASDAQ:SBUX) stands at $63.47 according to 17 Analysts. Eight analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company. These analysts have also projected a Low Estimate of $0.44/share and a High Estimate of $0.46/share. Currently, the company has SMA200 (200-day simple moving average) of 4.04 Percent.

According to analysts, Starbucks Corporation (NASDAQ:SBUX) is predicted to announce EPS of $0.45 for the quarter.

While looking at the Stock's Performance, Starbucks Corporation now shows a Weekly Performance of 1.75%, where Monthly Performance is 0.12%, Quarterly performance is 3.69%, 6 Months performance is 4.02% and yearly performance percentage is 0.07%. Starbucks Corporation had a net margin of 13.30% and a return on equity of 51.45%. During the same period in the prior year, the firm earned $0.43 earnings per share. The business's revenue for the quarter was up 6.7% on a year-over-year basis. The ex-dividend date was Tuesday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.74%.

Analysts estimated $0.52/share for the previous Quarter, where Starbucks Corporation (NASDAQ:SBUX) reported Actual EPS of $0.52/share with the difference of 0 percent and a surprise of 0 percent.

The latest Insider trade was made on 1 Feb 2017 where Bradley (William W) Director did a transaction type "Sell" in which 113346 shares were traded at a price of $54.23. The shares were sold at an average price of $58.65, for a total value of $9,900,941.10. Following the completion of the sale, the insider now directly owns 478,446 shares in the company, valued at approximately $28,060,857.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Hedge funds and other institutional investors own 68.49% of the company's stock. The stock was sold at an average price of $55.23, for a total transaction of $324,089.64. After the IPO closure, they can extend associate with the firm or find a striking sum of the company's shares.

Several insiders were part of recent insider activity for the stock. McKinley Carter Wealth Services Inc. boosted its position in shares of Starbucks Corporation by 8.3% in the second quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Starbucks Corporation by 3.0% in the third quarter. Over the same time span, the stock marked US$61.64 as its best level and the lowest price reached was US$50.84. 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. Longbow also Initiated the company to Buy on 21-Sep-16, 2016. Finally, BlackRock Fund Advisors boosted its stake in Starbucks Corporation by 0.3% in the first quarter.

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee.

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