Press coverage about Starbucks (NASDAQ:SBUX) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Starbucks earned a news impact score of 0.06 on Accern’s scale. Accern also assigned press coverage about the coffee company an impact score of 44.6819226849156 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Starbucks launches gin barrel-aged coffee beans and cold brew in Seattle (finance.yahoo.com)
- Starbucks debuts Gin Barrel-Aged Cold Brew to lure coffee drinkers to Seattle Roastery (cnbc.com)
- Starbucks Plans to Raise the Bar on Its In-Store Experience (finance.yahoo.com)
- Today’s Research Reports on Stocks to Watch: Starbucks and Coca-Cola (finance.yahoo.com)
- Starbucks signs licensing agreement with Brazil private equity firm (finance.yahoo.com)
Shares of Starbucks (NASDAQ:SBUX) traded down $0.35 during mid-day trading on Tuesday, hitting $59.05. The company had a trading volume of 10,397,596 shares, compared to its average volume of 11,930,000. The company has a current ratio of 1.01, a quick ratio of 0.81 and a debt-to-equity ratio of 0.79. Starbucks has a twelve month low of $52.58 and a twelve month high of $64.87. The company has a market cap of $83,000.00, a P/E ratio of 18.87, a P/E/G ratio of 1.62 and a beta of 0.67.
The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Thursday, February 8th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.20 dividend on an annualized basis and a yield of 2.03%. Starbucks’s payout ratio is presently 38.34%.
A number of analysts have recently weighed in on the company. Vetr upgraded Starbucks from a “buy” rating to a “strong-buy” rating and set a $64.12 target price for the company in a research report on Tuesday, November 14th. Mizuho downgraded Starbucks from a “buy” rating to a “neutral” rating and upped their target price for the company from $68.00 to $75.00 in a research report on Thursday, February 1st. They noted that the move was a valuation call. Tigress Financial assumed coverage on Starbucks in a research report on Wednesday, December 27th. They set a “buy” rating for the company. Wedbush reiterated a “buy” rating and set a $70.00 target price on shares of Starbucks in a research report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Oppenheimer reiterated a “buy” rating and set a $66.00 target price on shares of Starbucks in a research report on Friday, January 19th. Thirteen equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $64.57.
In other Starbucks news, insider Clifford Burrows sold 162,826 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $57.02, for a total value of $9,284,338.52. Following the completion of the transaction, the insider now owns 331,829 shares of the company’s stock, valued at approximately $18,920,889.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Myron E. Ullman III sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $54.52, for a total value of $1,363,000.00. Following the completion of the transaction, the director now directly owns 39,000 shares of the company’s stock, valued at approximately $2,126,280. The disclosure for this sale can be found here. 3.48% of the stock is owned by corporate insiders.
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Starbucks Company Profile
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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