In the latest trading session, 5.9 million Starbucks Corp. (NASDAQ:SBUX) shares changed hands as the company’s beta touched 0.96. With the company’s most recent per share price at $96.20 changed hands at -$0.62 or -0.64% at last look, the market valuation stands at $109.01B. SBUX’s current price is a discount, trading about -11.91% off its 52-week high of $107.66. The share price had its 52-week low at $71.55, which suggests the last value was 25.62% up since then. When we look at Starbucks Corp.’s average trading volume, we note the 10-day average is 5.35 million shares, with the 3-month average coming to 12.86 million.
Analysts gave the Starbucks Corp. (SBUX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.06. If we narrow down to specifics, the data shows that 2 out of 32 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 10 recommended SBUX as a Hold, 20 felt it is a Buy and 0 rated the stock as Underweight. Starbucks Corp.’s EPS for the current quarter is expected to be 1.0.
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Starbucks Corp. (NASDAQ:SBUX) trade information
Instantly SBUX was in red as seen in intraday trades today. With action 0.77%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 0.19%, with the 5-day performance at 0.77% in the green. However, in the 30-day time frame, Starbucks Corp. (NASDAQ:SBUX) is 1.85% up. Looking at the short shares, we see there were 28.41 million shares sold at short interest cover period of 2.91 days.
The consensus price target for the stock as assigned by Wall Street analysts is 105, meaning bulls need an upside of 8.38% from its recent market value. According to analyst projections, SBUX’s forecast low is 70 with 265 as the target high. To hit the forecast high, the stock’s price needs a -175.47% plunge from its current level, while the stock would need to tank 27.23% for it to hit the projected low.
Starbucks Corp. (SBUX) estimates and forecasts
Data shows that the Starbucks Corp. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 8.39% over the past 6 months, a 0.28% in annual growth rate that is considerably lower than the industry average of 1.90%. Year-over-year growth is forecast to reach 1.40% up from the last financial year.
Consensus estimates given by 23 financial analysts project the company’s revenue in the current quarter to hit an average of 9.33B. 18 analysts are of the opinion that Starbucks Corp.’s revenue for the current quarter will be 9.75B. The company’s revenue for the corresponding quarters a year ago was 9.37B. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -0.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 2.03%. The 2024 estimates are for Starbucks Corp. earnings to increase by 9.76%, but the outlook for the next 5-year period is at 9.34% per year.
SBUX Dividends
Starbucks Corp. is expected to release its next quarterly earnings report on 2024-Oct-30. The 2.37% annual yield figure for the share gives it an annual dividend of 2.28. It is important to note, however, that the 2.37% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.04 per year.
Starbucks Corp. (NASDAQ:SBUX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.04% of Starbucks Corp. shares while 77.64% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.25%. There are 77.64% institutions holding the Starbucks Corp. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.6628% of the shares, roughly 109.42 million SBUX shares worth $8.52 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.9582% or 78.79 million shares worth $6.13 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 35.74 shares estimated at $3.46 billion under it, the former controlled 3.15% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.57% of the shares, roughly 29.07 shares worth around $2.82 billion.
