Starbucks (SBUX) Rating Reiterated by Deutsche Bank
Starbucks (SBUX) Rating Reiterated by Deutsche Bank
Starbucks has posted disappointing sales growth in all its major regions
27 January, 2018, 14:10
First Long Island Investors Limited Liability Company stated it has 1.77% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). This is an increase from Starbucks Corp.'s previous quarterly dividend of $0.20. Spectrum Management Group Inc. boosted its holdings in Starbucks by 0.3% in the 2nd quarter. Assetmark reported 5,425 shares or 0% of all its holdings. Rockland Trust Co. now owns 167,995 shares of the coffee company's stock valued at $9,023,000 after purchasing an additional 6,163 shares during the period. Capital International Investors increased its stake in Starbucks by 28.3% during the 3rd quarter. Looking at stock performance for the past six months, shares are 4.50%. Finally, Janus Henderson Group PLC grew its position in Starbucks by 3,076.5% in the second quarter. Institutional investors and hedge funds own 70.76% of the company's stock. The share price was last seen -3.03% lower, reaching at $8.33 on 01/25/2018.
Starbucks Corporation (NASDAQ:SBUX)'s latest quote $60.83 $-0.04 -1.39% will find technical support in $60.06 a share and a breakdown below this region would be a significantly bearish signal for Starbucks Corporation traders. 1,764,083 shares of the company were exchanged.
Subsequently, shares got blasted in the after market trading session as they fell precipitously. BMO Capital Markets maintained Starbucks Corporation (NASDAQ:SBUX) rating on Friday, November 3. OTR Global raised shares of Starbucks to a "positive" rating in a research note on Thursday, October 26th. Acropolis Inv Management Llc holds 0.05% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 6,471 shares. BTIG Research has "Buy" rating and $64 target. Starbucks has a fifty-two week low of $52.58 and a fifty-two week high of $64.87. (NASDAQ SBUX) traded down $2.56 on Friday, hitting $57.99. 1 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. Rand Wealth Lc holds 0.25% or 41,046 shares in its portfolio.
Wall Street savaged Starbucks shares after the announcement. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. The company had revenue of $6.07 billion during the quarter, compared to analystestimates of $6.19 billion. Currently, Sprint Corporation net profit margin for the 12 months is at -1.82%. Starbucks Corp.'s revenue was up 16.2% compared to the same quarter past year. During the same period last year, the firm earned $0.52 EPS. analysts predict that Starbucks will post 2.39 earnings per share for the current year.
The stock is up 3.2 percent from a year ago, versus the 44 percent, turnaround-fueled gain at McDonald's Corp (MCD.N). Birinyi Assocs holds 0.79% or 30,870 shares in its portfolio. Starbucks's dividend payout ratio (DPR) is presently 60.91%. Shares for $1.23M were sold by ULLMAN MYRON E III. About 39.49M shares traded or 328.84% up from the average. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. A stock's Average True Range (ATR) is the difference between the high and low price on any given day. The disclosure for this sale can be found here.
Starbucks Corporation purchases and roasts high-quality whole bean coffees and sells them along with fresh, rich-brewed, Italian style espresso beverages, a variety of pastries and confections, and coffee-related equipments primarily through its company-operated retail stores. As the profitability measures are important to company managers and owners alike.
Starbucks is also facing competition from other chains selling cheaper drinks, including McDonald's, which recently began offering cappuccino, mocha and macchiato coffees for $2. If you are accessing this report on another publication, it was illegally copied and reposted in violation of US & global copyright & trademark laws. Consumers have more options for their caffeine fix, from high-end gas station coffee to cold bottled coffee sold in supermarkets.
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