November 24, 2016 - By Linda Rogers · 0 Comments
Starbucks Corp (NASDAQ:SBUX) institutional sentiment increased to 1.06 in 2016 Q2. Its up 0.04, from 1.02 in 2016Q1. The ratio is more positive, as 551 investment managers opened new and increased positions, while 539 sold and reduced stock positions in Starbucks Corp. The investment managers in our partner’s database now own: 971.80 million shares, down from 1.01 billion shares in 2016Q1. Also, the number of investment managers holding Starbucks Corp in their top 10 positions decreased from 78 to 68 for a decrease of 10. Sold All: 75 Reduced: 464 Increased: 464 New Position: 87.
Starbucks Corporation is the roaster, marketer and retailer of specialty coffee. The company has a market cap of $85.34 billion. The Firm purchases and roasts coffees that it sells, along with coffee, tea and other beverages, and a range of fresh food items, through Company-operated stores. It has a 30.37 P/E ratio. It also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts.
The stock increased 0.82% or $0.47 on November 23, hitting $57.59. About 8.18 million shares traded hands. Starbucks Corporation (NASDAQ:SBUX) has declined 0.16% since April 22, 2016 and is downtrending. It has underperformed by 5.57% the S&P500.
Analysts await Starbucks Corporation (NASDAQ:SBUX) to report earnings on January, 19. They expect $0.52 earnings per share, up 13.04% or $0.06 from last year’s $0.46 per share. SBUX’s profit will be $770.56M for 27.69 P/E if the $0.52 EPS becomes a reality. After $0.56 actual earnings per share reported by Starbucks Corporation for the previous quarter, Wall Street now forecasts -7.14% negative EPS growth.
According to Zacks Investment Research, “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. In addition to sales through its company-operated retail stores, Starbucks sells whole bean coffees through a specialty sales group and supermarkets. 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. The company’s objective is to establish Starbucks as the most recognized and respected brand in the world.”
Pacifica Capital Investments Llc holds 16.54% of its portfolio in Starbucks Corporation for 549,026 shares. R.H. Dinel Investment Counsel Inc. owns 130,850 shares or 8.75% of their US portfolio. Moreover, Park Circle Co has 8.11% invested in the company for 196,600 shares. The New York-based Marianas Fund Management Llc has invested 6.66% in the stock. Polen Capital Management Llc, a Florida-based fund reported 8.74 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 3 sales for $3.63 million net activity.
Ratings analysis reveals 67% of Starbucks Corporation’s analysts are positive. Out of 18 Wall Street analysts rating Starbucks Corporation, 12 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $59 while the high is $72. The stock’s average target of $64.86 is 12.62% above today’s ($57.59) share price. SBUX was included in 27 notes of analysts from July 28, 2015. Deutsche Bank downgraded Starbucks Corporation (NASDAQ:SBUX) rating on Tuesday, April 12. Deutsche Bank has “Hold” rating and $64 price target. Vetr downgraded it to “Buy” rating and $61.19 target price in Thursday, September 3 report. The firm has “Hold” rating given on Wednesday, November 2 by Deutsche Bank. The firm has “Outperform” rating given on Friday, July 22 by Wedbush. The rating was maintained by BTIG Research with “Buy” on Friday, July 22. The company was maintained on Friday, July 24 by UBS. The stock of Starbucks Corporation (NASDAQ:SBUX) earned “Outperform” rating by RBC Capital Markets on Friday, July 24. The firm earned “Buy” rating on Tuesday, April 5 by Evercore. Stifel Nicolaus reinitiated the stock with “Hold” rating in Friday, March 18 report. The firm has “Buy” rating given on Tuesday, July 28 by S&P Research.
Starbucks Corporation, incorporated on November 4, 1985, is the roaster, marketer and retailer of specialty coffee. The Firm purchases and roasts coffees that it sells, along with coffee, tea and other beverages, and a range of fresh food items, through Company-operated stores. The Firm also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts. The Firm operates through four segment: Americas, which includes the United States, Canada, and Latin America; Europe, Middle East, and Africa (EMEA); China/Asia Pacific (CAP), and Channel Development. In addition to its Starbucks Coffee brand, it also sells goods and services under the brands, including Teavana, Tazo, Seattle’s Best Coffee, Evolution Fresh, La Boulange and Ethos.
More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Investorplace.com which released: “Starbucks Corporation: There’s No Stopping SBUX Stock” on November 23, 2016, also Fool.com with their article: “Better Buy: Starbucks Corporation vs. Coca-Cola” published on November 18, 2016, Valuewalk.com published: “Starbucks Corporation (SBUX) Dividend Stock Analysis” on November 18, 2016. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Fool.com and their article: “10 Key Metrics From Starbucks Corporation’s Fourth Quarter” published on November 11, 2016 as well as Seekingalpha.com‘s news article titled: “Starbucks Again Flexes Its Pricing Muscle” with publication date: November 23, 2016.
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By Linda Rogers