Headlines about Starbucks (NASDAQ:SBUX) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Starbucks earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the coffee company an impact score of 45.0395513911517 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Starbucks Corporation Prepping for a New Growth Phase (investorplace.com)
- [$$] Wheelys Café: freewheeling coffee traders (finance.yahoo.com)
- [$$] Orin Smith Helped Steer Starbucks Through Era of Espresso-Fueled Growth (finance.yahoo.com)
- Starbucks' Same-Store Sales Growth Relies on This 1 Thing (finance.yahoo.com)
- The Market Is Missing This Big Starbucks Tailwind (finance.yahoo.com)
SBUX has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Starbucks from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Oppenheimer reaffirmed a “buy” rating and set a $66.00 price target on shares of Starbucks in a research report on Friday, January 19th. Wedbush reaffirmed a “buy” rating and set a $70.00 price target on shares of Starbucks in a research report on Monday, January 22nd. They noted that the move was a valuation call. Telsey Advisory Group reiterated an “outperform” rating and set a $70.00 target price (up previously from $66.00) on shares of Starbucks in a report on Friday, January 19th. Finally, William Blair reiterated an “outperform” rating on shares of Starbucks in a report on Friday, January 26th. Thirteen equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $64.64.
Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. equities analysts expect that Starbucks will post 2.49 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, February 7th. This represents a $1.20 annualized dividend and a dividend yield of 2.03%. Starbucks’s payout ratio is 38.34%.
In other news, Director Craig Weatherup sold 59,838 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $60.10, for a total transaction of $3,596,263.80. Following the transaction, the director now directly owns 26,500 shares of the company’s stock, valued at approximately $1,592,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Myron E. Ullman III sold 25,000 shares of the stock in a transaction on 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 transaction, the director now directly owns 39,000 shares in the company, valued at $2,126,280. The disclosure for this sale can be found here. Insiders have sold a total of 247,664 shares of company stock worth $14,243,602 over the last three months. Insiders own 3.40% of the company’s stock.
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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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