Somewhat Positive Media Coverage Somewhat Unlikely to Affect Starbucks (SBUX) Stock Price
Media stories about Starbucks (NASDAQ:SBUX) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by monitoring 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 daily sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the coffee company an impact score of 46.2694158589741 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s analysis:
- Starbucks (SBUX) PT Set at $66.00 by UBS Group (americanbankingnews.com)
- IRF Gift Card Study Provides Insights into the Most Prevalent Non-Cash Award (prweb.com)
- Are Corporate Cryptocurrencies Coming? Amazon, eBay and Starbucks (blockonomi.com)
- It’s Happening: Will MedMen Become The Starbucks Of Weed? (fastcompany.com)
- Starbucks hires a tech veteran as its top lawyer (finance.yahoo.com)
Starbucks (NASDAQ:SBUX) opened at $59.37 on Friday. The firm has a market cap of $82,691.45, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 1.63 and a beta of 0.66. 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 12-month low of $52.58 and a 12-month high of $64.87.
The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Thursday, February 8th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.02%. The ex-dividend date was Wednesday, February 7th. Starbucks’s dividend payout ratio (DPR) is presently 39.60%.
Several equities research analysts recently issued reports on the stock. UBS Group set a $66.00 target price on shares of Starbucks and gave the stock a “buy” rating in a report on Thursday. Vetr downgraded shares of Starbucks from a “buy” rating to a “hold” rating and set a $60.26 price target on the stock. in a research report on Monday. Zacks Investment Research downgraded shares of Starbucks from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. BidaskClub upgraded shares of Starbucks from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. Finally, Mizuho cut shares of Starbucks from a “buy” rating to a “neutral” rating and raised their target price for the company from $68.00 to $75.00 in a research note on Thursday, February 1st. They noted that the move was a valuation call. Thirteen equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Starbucks presently has an average rating of “Buy” and an average price target of $64.64.
In related news, Director Craig Weatherup sold 59,838 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $60.10, for a total value of $3,596,263.80. Following the sale, the director now owns 26,500 shares of the company’s stock, valued at $1,592,650. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Myron E. Ullman III sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $54.52, for a total transaction of $1,363,000.00. Following the sale, the director now directly owns 39,000 shares in the company, valued at approximately $2,126,280. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 247,664 shares of company stock valued at $14,243,602. 3.40% of the stock is currently owned by insiders.
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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