Press coverage about Starbucks (NASDAQ:SBUX) has been trending somewhat positive on Friday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Starbucks earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned news articles about the coffee company an impact score of 45.9593169732966 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Oppenheimer Reaffirms “Buy” Rating for Starbucks (SBUX) (americanbankingnews.com)
- Cellular Sales Opens First Pittsburgh Location (prweb.com)
- At This Pace Maybe Nvidia Beats Apple in Race to First Trillion Dollar Company (finance.yahoo.com)
- Are Starbucks Earnings Worth Getting Excited For? In a Word, Maybe (finance.yahoo.com)
- Telsey analyst breaks down his bullish call on Starbucks (finance.yahoo.com)
Shares of Starbucks (NASDAQ:SBUX) traded up $0.17 during mid-day trading on Friday, hitting $61.26. 8,360,000 shares of the company were exchanged, compared to its average volume of 7,810,000. The stock has a market cap of $87,160.00, a PE ratio of 31.10, a P/E/G ratio of 1.65 and a beta of 0.76. The company has a quick ratio of 0.93, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. Starbucks has a 12 month low of $52.58 and a 12 month high of $64.87.
SBUX has been the subject of a number of recent analyst reports. Mizuho set a $75.00 price objective on shares of Starbucks and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Deutsche Bank reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Starbucks in a research report on Monday, October 9th. Piper Jaffray Companies set a $70.00 price objective on shares of Starbucks and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Vetr downgraded shares of Starbucks from a “strong-buy” rating to a “buy” rating and set a $60.91 price objective for the company. in a research report on Thursday, November 2nd. Finally, Nomura reduced their price objective on shares of Starbucks from $67.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $63.54.
In related news, Director Craig Weatherup sold 56,666 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $56.73, for a total transaction of $3,214,662.18. Following the sale, the director now owns 56,666 shares of the company’s stock, valued at approximately $3,214,662.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joshua Cooper Ramo sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $59.43, for a total transaction of $3,565,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 497,808 shares of company stock worth $28,559,521 over the last 90 days. 3.40% of the stock is currently owned by corporate insiders.
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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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