During the recent session, Starbucks Corp. (NASDAQ:SBUX)’s traded shares were 1.97 million, with the beta value of the company hitting 0.93. At the last check today, the stock’s price was $74.67, reflecting an intraday gain of 0.64% or $0.48. The 52-week high for the SBUX share is $107.66, that puts it down -44.18 from that peak though still a striking 4.18% gain since the share price plummeted to a 52-week low of $71.55. The company’s market capitalization is $84.57B, and the average intraday trading volume over the past 10 days was 11.06 million shares, and the average trade volume was 12.84 million shares over the past three months.
Starbucks Corp. (SBUX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.44. SBUX has a Sell rating from 1 analyst(s) out of 31 analysts who have looked at this stock. 10 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 20 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.85.
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Starbucks Corp. (NASDAQ:SBUX) trade information
Starbucks Corp. (SBUX) registered a 0.64% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.64% in intraday trading to $74.67, hitting a weekly high. The stock’s 5-day price performance is -0.22%, and it has moved by -6.90% in 30 days. Based on these gigs, the overall price performance for the year is -26.68%. The short interest in Starbucks Corp. (NASDAQ:SBUX) is 25.61 million shares and it means that shorts have 2.29 day(s) to cover.
The extremes of the forecast give a target low and a target high price of $75 and $136 respectively. As a result, SBUX is trading at a discount of -82.13% off the target high and -0.44% off the low.
Starbucks Corp. (SBUX) estimates and forecasts
Statistics show that Starbucks Corp. has underperformed its competitors in share price, compared to the industry in which it operates. Starbucks Corp. (SBUX) shares have gone down -20.01% during the last six months, with a year-to-date growth rate less than the industry average at 0.85% against 9.80. In the rating firms’ projections, revenue will decrease -6.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 8.45B as predicted by 21 analyst(s). Meanwhile, a consensus of 21 analyst(s) estimates revenue growth to 8.74B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 2.03%. While earnings are projected to return 1.23% in 2024, the next five years will return 8.14% per annum.
SBUX Dividends
Starbucks Corp. is due to release its next quarterly earnings in August. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Starbucks Corp. is 2.24, with the dividend yield indicating at 3.00 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.99%.
Starbucks Corp. (NASDAQ:SBUX)’s Major holders
Starbucks Corp. insiders own 2.04% of total outstanding shares while institutional holders control 76.31% , with the float percentage being 77.90% . VANGUARD GROUP INC is the largest shareholder of the company, while 3,016 institutions own stock in it. As of 2024-03-31, the company held over 108.4 million shares (or 9.5375% of all shares), a total value of $9.91 billion in shares.
The next largest institutional holding, with 76.04 million shares, is of BLACKROCK INC.’s that is approximately 6.69% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $6.95 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Starbucks Corp. (SBUX) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund . Data provided on Mar 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 35.58 shares. This amounts to just over 3.14 percent of the company’s overall shares, with a $2.65 billion market value. The same data shows that the other fund manager holds slightly less at 28.53, or about 2.52% of the stock, which is worth about $2.13 billion.
