08 May, 2017
It improved, as 59 investors sold SBUX shares while 450 reduced holdings. Alpha Windward LLC raised its position in shares of Starbucks by 0.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 40,448,352 shares of the coffee company's stock worth $2,189,874,000 after buying an additional 1,179,660 shares in the last quarter. Intrust Bank NA increased its stake in Starbucks by 3.3% in the third quarter. The average 1 year price target among analysts that have covered the stock in the last year is $64.30.
Central Bank & Trust Co increased Facebook Inc (NASDAQ:FB) stake by 6,611 shares to 17,508 valued at $2.01M in 2016Q4. Finally, Morgan Stanley increased its position in Starbucks by 10.2% in the third quarter.
On top of that, the company's financial performances and business expansion strategies are likely to offer further support to its stock price. Starbucks Corporation has a 52-week low of 50.84 and a 52-week high of 61.94. 6,443,309 shares of the company traded hands.
To use their new feature, you can just buy the products you normally do, then log into your Starbucks Rewards account and upload the receipt from your local grocery store.
Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, April 27th. Analysts are forecasting earnings of $0.55 on a per share basis this quarter. Out of 20 Wall Street analysts rating Starbucks Corporation, 13 give it "Buy", 0 "Sell" rating, while 7 recommend "Hold". Starbucks's revenue for the quarter was up 7.3% compared to the same quarter a year ago. Equities research analysts anticipate that Starbucks will post $2.11 earnings per share for the current year. Shareholders of record on Thursday, May 11th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, May 9th. Starbucks's dividend payout ratio is now 51.28%. The original version of this report can be read at https://www.com-unik.info/2017/05/07/starbucks-co-sbux-downgraded-to-buy-at-vetr-inc-updated-updated.html.
ILLEGAL ACTIVITY NOTICE: This report was first posted by Community Financial News and is the property of of Community Financial News. Balasa Dinverno And Foltz Limited Liability Corp holds 0.09% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 9,989 shares.
SBUX has been the subject of several other research reports. BTIG Research restated a "buy" rating and set a $64.00 price objective on shares of Starbucks in a report on Friday, January 27th. Finally, Stifel Nicolaus set a $66.00 price objective on Starbucks and gave the company a "buy" rating in a research note on Friday, April 28th.
04/25/2017 - Starbucks Corporation was downgraded to "mixed" by analysts at OTR Global.
Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 2.35, and a price to sales ratio of 2.33.
Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend.
Analysts on average have given a price target of $64.48 to Starbucks Corporation (SBUX) stock. Having said that, the firm has divers set of ownership, DG has institution ownership of 91.90% and Insider Ownership was seen as 0.10%, so it's been fact that if insider holdings are generally a good thing. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Starbucks Corporation is in the Specialty Eateries industry and Services sector. Following the transaction, the director now directly owns 34,000 shares in the company, valued at approximately $2,054,620. 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.
