In today’s recent session, 1.41 million shares of the Starbucks Corp. (NASDAQ:SBUX) have been traded, and its beta is 0.96. Most recently the company’s share price was $97.28, and it changed around $0.84 or 0.87% from the last close, which brings the market valuation of the company to $110.24B. SBUX at last check was trading at a discount to its 52-week high of $107.66, offering almost -10.67% off that amount. The share price’s 52-week low was $71.55, which indicates that the recent value has risen by an impressive 26.45% since then. We note from Starbucks Corp.’s average daily trading volume that its 10-day average is 10.16 million shares, with the 3-month average coming to 14.97 million.
Starbucks Corp. stock received a consensus recommendation rating of Buy, based on a mean score of 2.03. If we narrow it down even further, the data shows that 0 out of 33 analysts rate the stock as a Sell; another 10 rate it as Overweight. Among the rest, 9 recommended SBUX as a Hold, whereas 14 deemed it a Buy, and 0 rated it as Underweight. Starbucks Corp. is expected to report earnings per share of 0.94 for the current quarter.
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Starbucks Corp. (NASDAQ:SBUX) trade information
Instantly SBUX has been showing a green trend so far today with a performance of 0.87% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 99.51 on recent trading dayincreased the stock’s daily price by 2.24%. The company’s shares are currently up 1.32% year-to-date, but still down -0.94% over the last five days. On the other hand, Starbucks Corp. (NASDAQ:SBUX) is 5.40% up in the 30-day period. We can see from the shorts that 31.17 million shares have been sold at a short interest cover period of 1.55 day(s).
The consensus price target as assigned by Wall Street analysts is $105, which translates to bulls needing to increase their stock price by 7.35% from its current value. Analyst projections state that SBUX is forecast to be at a low of $70 and a high of $136.
Starbucks Corp. (SBUX) estimates and forecasts
Starbucks Corp. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 6.21 percent over the past six months and at a 0.56% annual growth rate that is well below the industry average of 4.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -11.30% in revenue this quarter, and will report a decrease of -2.20% in the next quarter. The year-over-year growth rate is expected to be -8.80%, down from the previous year.
Consensus estimates provided by 23 financial analysts predict the company will bring in an average of 8.44B in revenue for the current quarter. 16 analysts expect Starbucks Corp. to make 8.84B in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will drop, forecast at -9.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 2.03%. Starbucks Corp. earnings are expected to increase by 0.56% in 2024, but the outlook is positive 7.65% per year for the next five years.
SBUX Dividends
Starbucks Corp.’s next quarterly earnings report is expected to be released on 2024-Oct-31. The annual dividend yield of the stock is 2.34 percent and its annual dividend per share was 2.28. It is important to note, however, that the 2.34% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.02 per year.
Starbucks Corp. (NASDAQ:SBUX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.04% of Starbucks Corp. shares, and 78.00% of them are in the hands of institutional investors. The stock currently has a share float of 79.62%. Starbucks Corp. stock is held by 2859.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.6628% of the shares, which is about 109.42 million shares worth $8.52 billion.
BLACKROCK INC., with 6.9582% or 78.79 million shares worth $6.13 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 35.74 shares worth $3.47 billion, making up 3.15% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 29.07 shares worth around $2.82 billion, which represents about 2.57% of the total shares outstanding.
