Starbucks Corp. (NASDAQ: SBUX) Surged -20.87% In 6 Months – Here’s What Happens Next

Starbucks Corp. (NASDAQ:SBUX)’s traded shares stood at 2.75 million during the latest session, with the company’s beta value hitting 0.93. At the last check today, the stock’s price was $73.99, to imply an increase of 0.94% or $0.69 in intraday trading. The SBUX share’s 52-week high remains $107.66, putting it -45.51% down since that peak but still an impressive 2.96% since price per share fell to its 52-week low of $71.80. The company has a valuation of $83.81B, with an average of 12.65 million shares over the past 3 months.

Starbucks Corp. (NASDAQ:SBUX) trade information

After registering a 0.94% upside in the latest session, Starbucks Corp. (SBUX) has traded red over the past five days. The stock hit a weekly high of 76.45, jumping 0.94% in its intraday price action. The 5-day price performance for the stock is -2.71%, and -7.39% over 30 days. With these gigs, the year-to-date price performance is -22.94%.

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Starbucks Corp. (SBUX) estimates and forecasts

Looking at statistics comparing Starbucks Corp. share performance against respective industry, we note that the company has underperformed competitors. Starbucks Corp. (SBUX) shares are -20.87% down over the last 6 months, with its year-to-date growth rate lower than industry average at 1.13% against 8.40%. The rating firms project that company’s revenue will grow 2.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 21 analysts is 9.27B. Meanwhile, for the current quarter, a total of 21 analyst(s) estimate revenue growth to 9.58B.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 2.03% for the past 5-year period. While 2024 is set for a 1.42% return in earnings, projections for the next 5 years are at 8.14% annually.

SBUX Dividends

Starbucks Corp. has its next earnings report out in August. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Starbucks Corp. has a forward dividend ratio of 2.24, with the share yield ticking at 3.03% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Starbucks Corp. (NASDAQ:SBUX)’s Major holders

Starbucks Corp. insiders hold 2.04% of total outstanding shares, with institutional holders owning 76.18% of the shares at 77.76% float percentage. In total, 76.18% institutions holds shares in the company, led by Vanguard Group Inc. As of Mar 31, 2024 , the company held over 108.4 shares (or 9.57% of shares), all amounting to roughly $8.06 billion.

The next major institution holding the largest number of shares is Blackrock Inc. with 76.04 shares, or about 6.71% of shares outstanding. As of the market price on Mar 31, 2024 , these shares were worth $5.65 billion.