News articles about Starbucks (NASDAQ:SBUX) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Starbucks earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news headlines about the coffee company an impact score of 44.551278985278 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Starbucks Enters Licensing Agreement with SouthRock to Drive Next Wave of Profitable Growth in Brazil (markets.financialcontent.com)
- Starbucks to rally on sales growth turnaround: JP Morgan (cnbc.com)
- Zacks: Brokerages Anticipate Starbucks Co. (SBUX) to Announce $0.53 EPS (americanbankingnews.com)
- Stocks open higher on Wall Street, led by retailers and tech firms (latimes.com)
- Try This Bullish Refill in Starbucks Corporation Stock (investorplace.com)
Several research analysts have recently weighed in on SBUX shares. Vetr upgraded Starbucks from a “buy” rating to a “strong-buy” rating and set a $64.12 price target for the company in a research note on Tuesday, November 14th. Mizuho cut Starbucks from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $68.00 to $75.00 in a research note on Thursday, February 1st. They noted that the move was a valuation call. Tigress Financial started coverage on Starbucks in a research note on Wednesday, December 27th. They issued a “buy” rating for the company. Wedbush restated a “buy” rating and issued a $70.00 price target on shares of Starbucks in a research note on Monday, January 22nd. They noted that the move was a valuation call. Finally, Oppenheimer restated a “buy” rating and issued a $66.00 price target on shares of Starbucks in a research note on Friday, January 19th. Thirteen analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $64.57.
Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. The business had revenue of $6.07 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. Starbucks’s revenue for the quarter was up 5.9% on a year-over-year basis. equities analysts anticipate that Starbucks will post 2.49 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.20 annualized dividend and a dividend yield of 2.02%. Starbucks’s payout ratio is 38.34%.
In other news, insider Clifford Burrows sold 162,826 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $57.02, for a total value of $9,284,338.52. Following the transaction, the insider now directly owns 331,829 shares in the company, valued at $18,920,889.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Myron E. Ullman III sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.52, for a total value of $1,363,000.00. Following the completion of the transaction, the director now owns 39,000 shares in the company, valued at $2,126,280. The disclosure for this sale can be found here. 3.48% of the stock is owned by insiders.
Starbucks Company Profile
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. 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.
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