Starbucks Corporation (NASDAQ: SBUX) is -3.39% lower on its value in year-to-date trading and has touched a low of $50.02 and a high of $107.75 in the current 52-week trading range. The SBUX stock was last observed hovering at around $104.19 in the last trading session, with the day’s loss setting it -0.84% off its average median price target of $105.00 for the next 12 months. It is also 15.29% off the consensus price target high of $122.00 offered by 32 analysts, but current levels are -9.95% lower than the price target low of $94.00 for the same period.
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Currently trading at $103.35, the stock is -0.16% and 5.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.88 million and changing -0.81% at the moment leaves the stock 24.06% off its SMA200. SBUX registered 16.28% gain for a year compared to 6-month gain of 40.48%. The firm has a 50-day simple moving average (SMA 50) of $101.65 and a 200-day simple moving average (SMA200) of $87.27.
The stock witnessed a 1.91% loss in the last 1 month and extending the period to 3 months gives it a 16.85%, and is -2.47% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.45% over the week and 1.83% over the month.
Starbucks Corporation (SBUX) has around 349000 employees, a market worth around $120.16B and $23.52B in sales. Current P/E ratio is 133.53 and Fwd P/E is 30.34. Profit margin for the company is 3.90%. Distance from 52-week low is 106.62% and -4.08% from its 52-week high. The company has generated returns on investments over the last 12 months (15.50%).
Starbucks Corporation (SBUX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Starbucks Corporation (SBUX) is a “Overweight”. 32 analysts offering their recommendations for the stock have an average rating of 2.40, where 18 rate it as a Hold and 1 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Starbucks Corporation is expected to release its quarterly report on 04/27/2021 and quarterly earnings per share for the current quarter are estimated at $0.56 with sales reaching $6.92B over the same period.The EPS is expected to shrink by -73.10% this year, but quarterly earnings will post 21.20% year-over-year. Quarterly sales are estimated to shrink -2.50% in year-over-year returns.
Starbucks Corporation (SBUX) Top Institutional Holders
2,505 institutions hold shares in Starbucks Corporation (SBUX), with 2.02M shares held by insiders accounting for 0.17% while institutional investors hold 69.62% of the company’s shares. The shares outstanding are 1.17B, and float is at 1.17B with Short Float at 0.95%. Institutions hold 69.50% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 89.81 million shares valued at $7.72 billion. The investor’s holdings represent 7.68% of the SBUX Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 79.51 million shares valued at $6.83 billion to account for 6.80% of the shares outstanding. The other top investors are State Street Corporation which holds 50.36 million shares representing 4.31% and valued at over $4.33 billion, while Magellan Asset Management Ltd holds 2.53% of the shares totaling 29.61 million with a market value of $2.54 billion.
Starbucks Corporation (SBUX) Insider Activity
A total of 46 insider transactions have happened at Starbucks Corporation (SBUX) in the last six months, with sales accounting for 27 and purchases happening 19 times. The most recent transaction is an insider sale by Lis Angela, the company’s evp, chief partner officer. SEC filings show that Lis Angela sold 4,500 shares of the company’s common stock on Dec 11 at a price of $103.22 per share for a total of $0.46 million. Following the sale, the insider now owns 28562.0 shares.
Starbucks Corporation disclosed in a document filed with the SEC on Nov 25 that Ramo Joshua Cooper (Director) sold a total of 2,925 shares of the company’s common stock. The trade occurred on Nov 25 and was made at $98.28 per share for $0.29 million. Following the transaction, the insider now directly holds 25200.0 shares of the SBUX stock.
Still, SEC filings show that on Nov 17, JOHNSON KEVIN R (president and ceo) disposed off 107,764 shares at an average price of $98.43 for $10.61 million. The insider now directly holds 344,500 shares of Starbucks Corporation (SBUX).
Starbucks Corporation (SBUX): Who are the competitors?
The company’s main competitors (and peers) include Darden Restaurants Inc. (DRI) that is trading 8.87% up over the past 12 months. McDonald’s Corporation (MCD) is 2.95% up on the 1-year trading charts. Short interest in the company’s stock has risen 5.72% from the last report on Nov 12, 2020 to stand at a total of 10.54 million short shares sold with a short interest ratio of 1.93.