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Starbucks Corp. (SBUX) Stock Could Soon Reward Patient Investors

Starbucks Corp. (NASDAQ: SBUX) is -4.67% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SBUX stock was last observed hovering at around $91.39 in the last trading session, with the day’s gains setting it 0.14%.

Currently trading at $91.53, the stock is 0.04% and -1.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.99 million and changing 0.15% at the moment leaves the stock -5.09% off its SMA200. SBUX registered -9.03% loss for a year compared to 6-month gain of 0.49%. The firm has a 50-day simple moving average (SMA 50) of $3.40 and a 200-day simple moving average (SMA200) of $16.20.

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The stock witnessed a -3.55% loss in the last 1 month and extending the period to 3 months gives it a -4.59%, and is 0.90% 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 1.02% over the week and 1.40% over the month.

Starbucks Corp. (SBUX) has around 381000 employees, a market worth around $103.63B and $36.66B in sales. Current P/E ratio is 24.48 and Fwd P/E is 19.47. Profit margin for the company is 11.71%. Distance from 52-week low is 2.60% and -20.74% 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 $0.81 with sales reaching $9.22B over the same period.The EPS is expected to grow by 14.38% this year, but quarterly earnings will post 7.90% year-over-year.

Starbucks Corp. (SBUX) Top Institutional Holders

3,042 institutions hold shares in Starbucks Corp. (SBUX), with institutional investors hold 77.53% of the company’s shares. The shares outstanding are 1.14B, and float is at 1.10B with Short Float at 1.40%. Institutions hold 75.95% 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

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 Mar 21 ’24 at a price of $92.63 per share for a total of $23158.0. Following the sale, the insider now owns 46924.0 shares.

Starbucks Corp. disclosed in a document filed with the SEC on Feb 21 ’24 that KELLY SARA (evp, chief partner officer) sold a total of 250 shares of the company’s common stock. The trade occurred on Feb 21 ’24 and was made at $93.86 per share for $23465.0. Following the transaction, the insider now directly holds 46963.0 shares of the SBUX stock.

Still, SEC filings show that on Feb 15 ’24, Conway Michael Aaron (group president International) disposed off 3,250 shares at an average price of $94.03 for $0.31 million. The insider now directly holds 84,153 shares of Starbucks Corp. (SBUX).

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