Starbucks Corp. (NASDAQ: SBUX) is -0.40% lower on its value in year-to-date trading and has touched a low of $71.55 and a high of $107.66 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 $94.02 in the last trading session, with the day’s gains setting it 1.61%.
Currently trading at $95.63, the stock is 14.08% and 20.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.87 million and changing 1.71% at the moment leaves the stock 8.67% off its SMA200. SBUX registered 0.84% gain for a year compared to 6-month loss of 1.43%.
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The stock witnessed a 29.14% gain in the last 1 month and extending the period to 3 months gives it a 21.25%, and is 3.61% 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 1.56% over the week and 2.75% over the month.
Starbucks Corp. (SBUX) has around 381000 employees, a market worth around $108.37B and $36.45B in sales. Current P/E ratio is 26.80 and Fwd P/E is 24.09. Profit margin for the company is 11.17%. Distance from 52-week low is 33.65% and -11.17% from its 52-week high. The company has generated returns on investments over the last 12 months (25.60%).
with sales reaching $9.41B over the same period.The EPS is expected to grow by 0.61% this year, but quarterly earnings will post 1.50% year-over-year. Quarterly sales are estimated to grow 0.40% in year-over-year returns.
Starbucks Corp. (SBUX) Top Institutional Holders
2865.0 institutions hold shares in Starbucks Corp. (SBUX), with institutional investors hold 79.61% of the company’s shares. The shares outstanding are 1.14B, and float is at 1.11B with Short Float at 2.00%. Institutions hold 77.99% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 109.42 million shares valued at $8.52 billion. The investor’s holdings represent 9.6628% of the SBUX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 78.79 million shares valued at $6.13 billion to account for 6.9582 of the shares outstanding. The other top investors are STATE STREET CORP which holds 45.54 million shares representing 4.0213% and valued at over $3.55 billion, while MORGAN STANLEY holds 2.349 of the shares totaling 26.6 million with a market value of $2.07 billion.
Starbucks Corp. (SBUX) Insider Activity
The most recent transaction is an insider sale by Conway Michael Aaron, the company’s ceo, North America. SEC filings show that Conway Michael Aaron sold 3,250 shares of the company’s common stock on Aug 15 ’24 at a price of $94.03 per share for a total of $0.31 million. Following the sale, the insider now owns 75054.0 shares.
Starbucks Corp. disclosed in a document filed with the SEC on Aug 13 ’24 that Ruggeri Rachel (interim ceo and evp, cfo) sold a total of 3,290 shares of the company’s common stock. The trade occurred on Aug 13 ’24 and was made at $91.16 per share for $0.3 million. Following the transaction, the insider now directly holds 62502.0 shares of the SBUX stock.
Still, SEC filings show that on Aug 15 ’24, Conway Michael Aaron (Officer) Proposed Sale 3,250 shares at an average price of $94.03 for $0.31 million. The insider now directly holds shares of Starbucks Corp. (SBUX).
