In last trading session, Starbucks Corp. (NASDAQ:SBUX) saw 6.12 million shares changing hands with its beta currently measuring 0.96. Company’s recent per share price level of $96.84 trading at $1.57 or 1.65% at ring of the bell on the day assigns it a market valuation of $109.74B. That closing price of SBUX’s stock is at a discount of -11.17% from its 52-week high price of $107.66 and is indicating a premium of 26.12% from its 52-week low price of $71.55. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.8 million shares which gives us an average trading volume of 13.56 million if we extend that period to 3-months.
For Starbucks Corp. (SBUX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.06. Splitting up the data highlights that, out of 32 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 10 suggested the stock as a Hold whereas 20 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 1.03 in the current quarter.
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Starbucks Corp. (NASDAQ:SBUX) trade information
Upright in the green during last session for gaining 1.65%, in the last five days SBUX remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $96.84 price level, adding 0.01% to its value on the day. Starbucks Corp.’s shares saw a change of 0.86% in year-to-date performance and have moved 1.35% in past 5-day. Starbucks Corp. (NASDAQ:SBUX) showed a performance of -0.06% in past 30-days. Number of shares sold short was 28.41 million shares which calculate 2.91 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 109.5 to the stock, which implies a rise of 11.56% to its current value. Analysts have been projecting 70 as a low price target for the stock while placing it at a high target of 265. It follows that stock’s current price would jump 27.72% in reaching the projected high whereas dropping to the targeted low would mean a gain of 27.72% for stock’s current value.
Starbucks Corp. (SBUX) estimates and forecasts
Statistics highlight that Starbucks Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 10.54% of value to its shares in past 6 months, showing an annual growth rate of 0.28% while that of industry is 1.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 1.50% from the last financial year’s standing.
23 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 9.38B for the same. And 17 analysts are in estimates of company making revenue of 9.83B in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 2.03% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 0.21% while estimates for its earnings growth in next 5 years are of 9.34%.
SBUX Dividends
Starbucks Corp. is more likely to be releasing its next quarterly report on 2024-Oct-30 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.35%, the share has a forward dividend of 2.28 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.04%.
Starbucks Corp. (NASDAQ:SBUX)’s Major holders
Insiders are in possession of 2.04% of company’s total shares while institution are holding 77.72 percent of that, with stock having share float percentage of 79.34%. Investors also watch the number of corporate investors in a company very closely, which is 77.72% institutions for Starbucks Corp. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at SBUX for having 109.42 million shares of worth $8.52 billion. And as of 2024-06-30, it was holding 9.6628 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 78.79 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.9582 of outstanding shares, having a total worth of $6.13 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 35.74 shares of worth $3.46 billion or 3.15% of the total outstanding shares. The later fund manager was in possession of 29.07 shares on Jun 30, 2024 , making its stake of worth around $2.82 billion in the company or a holder of 2.57% of company’s stock.
