Starbucks Corp. (NASDAQ:SBUX)’s traded shares stood at 9.66 million during the last session, with the company’s beta value hitting 0.96. At the close of trading, the stock’s price was $97.31, to imply an increase of 0.16% or $0.16 in intraday trading. The SBUX share’s 52-week high remains $107.66, putting it -10.64% down since that peak but still an impressive 26.47% since price per share fell to its 52-week low of $71.55. The company has a valuation of $110.27B, with an average of 7.87 million shares in intraday trading volume over the past 10 days and average of 12.99 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Starbucks Corp. (SBUX), translating to a mean rating of 2.06. Of 32 analyst(s) looking at the stock, 2 analyst(s) give SBUX a Sell rating. 0 of those analysts rate the stock as Overweight while 10 advise Hold as 20 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.02.
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Starbucks Corp. (NASDAQ:SBUX) trade information
After registering a 0.16% upside in the last session, Starbucks Corp. (SBUX) has traded red over the past five days. The 5-day price performance for the stock is 0.49%, and -0.16% over 30 days. With these gigs, the year-to-date price performance is 1.35%. Short interest in Starbucks Corp. (NASDAQ:SBUX) saw shorts transact 28.41 million shares and set a 2.91 days time to cover.
The extremes give us $70 and $265 for target low and target high price respectively. As such, SBUX has been trading -172.33% off suggested target high and 28.06% from its likely low.
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 10.27% up over the last 6 months, with its year-to-date growth rate lower than industry average at -3.67% against 1.50%. Revenue is forecast to shrink -3.80% this quarter before falling -4.40% for the next one. The rating firms project that company’s revenue will grow 1.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 23 analysts is 9.37B. Meanwhile, for the current quarter, a total of 19 analyst(s) estimate revenue growth to 9.64B.
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 9.18% return in earnings, projections for the next 5 years are at 9.34% annually.
SBUX Dividends
Starbucks Corp. has its next earnings report out on 2024-Oct-30. 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 2.28, with the share yield ticking at 2.34% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.04%.
Starbucks Corp. (NASDAQ:SBUX)’s Major holders
Starbucks Corp. insiders hold 2.04% of total outstanding shares, with institutional holders owning 77.35% of the shares at 78.96% float percentage. In total, 77.35% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 109.42 million shares (or 9.6628% of shares), all amounting to roughly $8.52 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 78.79 million shares, or about 6.9582% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $6.13 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Starbucks Corp. (SBUX) shares. Going by data provided on Jun 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 35.74 shares. This is just over 3.15% of the total shares, with a market valuation of $3.48 billion. Data from the same date shows that the other fund manager holds a little less at 29.07, or 2.57% of the shares, all valued at about 2.83 billion.
