Starbucks Corp (NASDAQ: SBUX) is 4.48% higher 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 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 $97.55 in the last trading session, with the day’s gains setting it 2.76%.
Currently trading at $100.31, the stock is 3.33% and 4.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.2 million and changing 2.83% at the moment leaves the stock 14.50% off its SMA200. SBUX registered -1.88% loss for a year compared to 6-month gain of 31.67%. The firm has a 50-day simple moving average (SMA 50) of $96.0736 and a 200-day simple moving average (SMA200) of $87.57295.
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The stock witnessed a 4.98% loss in the last 1 month and extending the period to 3 months gives it a 4.60%, and is 3.38% 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 2.24% over the week and 2.08% over the month.
Starbucks Corp (SBUX) has around 381000 employees, a market worth around $115.36B and $36.15B in sales. Current P/E ratio is 30.34 and Fwd P/E is 26.44. Profit margin for the company is 10.40%. Distance from 52-week low is 40.20% and -6.83% from its 52-week high. The company has generated returns on investments over the last 12 months (24.04%).
with sales reaching $9.33B over the same period.The EPS is expected to shrink by -2.52% this year, but quarterly earnings will post 3.10% year-over-year.
Starbucks Corp (SBUX) Top Institutional Holders
2888.0 institutions hold shares in Starbucks Corp (SBUX), with institutional investors hold 78.42% of the company’s shares. The shares outstanding are 1.13B, and float is at 1.11B with Short Float at 2.55%. Institutions hold 76.80% 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 purchase by KNUDSTORP JORGEN VIG, the company’s Director. SEC filings show that KNUDSTORP JORGEN VIG bought 380 shares of the company’s common stock on Sep 06 ’24 at a price of $91.50 per share for a total of $34770.0. Following the purchase, the insider now owns 36242.0 shares.
Still, SEC filings show that on Aug 15 ’24, Conway Michael Aaron (ceo, North America) disposed off 3,250 shares at an average price of $94.03 for $0.31 million. The insider now directly holds 75,054 shares of Starbucks Corp (SBUX).
