Starbucks Corp. (SBUX): These Numbers Show Where NASDAQ:SBUX Stock Is Going Next

Starbucks Corp. (NASDAQ: SBUX) is 1.34% higher on its value in year-to-date trading and has touched a low of $89.21 and a high of $115.48 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SBUX stock was last observed hovering at around $96.59 in the last trading session, with the day’s gains setting it 0.71%.

Currently trading at $97.30, the stock is 4.26% and 2.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.39 million and changing 0.74% at the moment leaves the stock -1.09% off its SMA200. SBUX registered -8.47% loss for a year compared to 6-month loss of -4.29%. The firm has a 50-day simple moving average (SMA 50) of $3.58 and a 200-day simple moving average (SMA200) of $17.05.

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The stock witnessed a 4.06% gain in the last 1 month and extending the period to 3 months gives it a -6.71%, and is 4.63% up 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 2.35% over the week and 1.94% over the month.

Starbucks Corp. (SBUX) has around Feb 08 2024 employees, a market worth around $110.16B and $36.66B in sales. Current P/E ratio is 26.02 and Fwd P/E is 20.44. Profit margin for the company is 11.71%. Distance from 52-week low is 9.07% and -15.74% from its 52-week high. The company has generated returns on investments over the last 12 months (32.81%).

Starbucks Corp. quarterly earnings per share for the current quarter are estimated at $0.82 with sales reaching $9.23B over the same period.The EPS is expected to grow by 14.93% this year, but quarterly earnings will post 7.90% year-over-year.

Starbucks Corp. (SBUX) Top Institutional Holders

2,935 institutions hold shares in Starbucks Corp. (SBUX), with institutional investors hold 77.77% of the company’s shares. The shares outstanding are 1.14B, and float is at 1.10B with Short Float at 1.25%. Institutions hold 76.19% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 106.5 million shares valued at $10.55 billion. The investor’s holdings represent 9.30% of the SBUX Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 80.37 million shares valued at $7.96 billion to account for 7.02% of the shares outstanding. The other top investors are State Street Corporation which holds 45.62 million shares representing 3.98% and valued at over $4.52 billion, while Bank of America Corporation holds 2.60% of the shares totaling 29.79 million with a market value of $2.95 billion.

Starbucks Corp. (SBUX) Insider Activity

A total of 21 insider transactions have happened at Starbucks Corp. (SBUX) in the last six months, with sales accounting for 12 and purchases happening 9 times. The most recent transaction is an insider sale by KELLY SARA ,the company’sevp, chief partner officer. SEC filings show that KELLY SARA sold 250 shares of the company’s common stock on Jan 22 at a price of $93.78 per share for a total of $23445.0. Following the sale, the insider now owns 47213.0 shares.

Starbucks Corp. disclosed in a document filed with the SEC on Dec 21 that KELLY SARA (evp, chief partner officer) sold a total of 250 shares of the company’s common stock. The trade occurred on Dec 21 and was made at $95.00 per share for $23750.0. Following the transaction, the insider now directly holds 47434.0 shares of the SBUX stock.

Still, SEC filings show that on Nov 21, KELLY SARA (evp, chief partner officer) disposed off 250 shares at an average price of $104.45 for $26112.0. The insider now directly holds 47,532 shares of Starbucks Corp. (SBUX).

Starbucks Corp. (SBUX): Who are the competitors?

The company’s main competitors (and peers) include Coca-Cola Co. (KO) that is trading -1.72% down over the past 12 months. PepsiCo Inc. (PEP) that is -5.68% lower over the same period.