Economy

Analytical Overview of Starbucks Corporation (SBUX)

The coffee company reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. Starbucks Corp now has $80.05 billion valuation. The stock rose 0.49% or $0.27 reaching $55.44 per share. About 1.41 million shares traded.

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee.

In other news, Director Myron E. Ullman III sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 3rd. During the same period in the previous year, the firm posted $0.49 earnings per share. Cushing Asset Management Lp who had been investing in Oneok Partners Lp for a number of months, seems to be less bullish one the $14.69B market cap company. Bank of New York Mellon Corp now owns 30,770,264 shares of the coffee company's stock valued at $1,796,675,000 after purchasing an additional 2,234,324 shares during the period. (NASDAQ:AMGN) stake by 400 shares to 65,385 valued at $11.26B in 2017Q2. Otonomy Inc (NASDAQ:OTIC) has risen 14.63% since October 9, 2016 and is uptrending. It has underperformed by 2.07% the S&P500.

Investors sentiment decreased to 1.15 in 2017 Q2. Its up 0.34, from 0.87 in 2017Q1. Mirae Asset Invs Limited has 0.04% invested in Otonomy Inc (NASDAQ:OTIC). Goldman Sachs Grp reported 0% in Otonomy Inc (NASDAQ:OTIC). Ameritas Investment Prtnrs stated it has 2,475 shares. L And S Advsrs Incorporated invested in 28,350 shares or 0.29% of the stock. 22,270 are held by Edgewood Mgmt Ltd Liability. Tiverton Asset Ltd Liability Co reported 0.09% stake. Bnp Paribas Arbitrage Sa holds 3,143 shares. Parametric Portfolio Assoc Ltd Co holds 0% or 32,624 shares. Vaughan David Investments Inc. The stock's average target of $64.49 is 16.39% above today's ($55.41) share price. The company was maintained on Wednesday, December 16 by Barclays Capital. The company was maintained on Thursday, February 25 by Credit Suisse. On Monday, August 10 the stock rating was upgraded by Bernstein to "Outperform". This means that the stock's daily price swings have been less extreme in recent times compared to the past. The firm has "Buy" rating given on Wednesday, July 19 by Jefferies. As per Tuesday, April 5, the company rating was initiated by Evercore. Brick & Kyle Associates holds 0.19% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 3,778 shares. IL lifted its position in Starbucks Corporation by 0.6% during the 1st quarter.

Since May 3, 2017, it had 0 insider buys, and 5 insider sales for $10.48 million activity. On Thursday, May 18 the insider BURROWS CLIFFORD sold $6.83M.

Among 35 analysts covering Starbucks Corporation (NASDAQ:SBUX), 25 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive.

Starbucks Corporation on 6/29/2017 reported its EPS as $0.56 with the analysts projecting the EPS of the stock as $0.55. Jacobi Capital Management LLC lifted its holdings in Starbucks Corporation by 2.7% during the 1st quarter. Stifel Nicolaus downgraded the shares of SBUX in report on Friday, July 28 to "Hold" rating. Also, insider John Culver sold 64,776 shares of the business's stock in a transaction on Friday, September 8th.

Analysts expect Starbucks Corporation (NASDAQ:SBUX) to report $0.55 EPS on November, 2.They anticipate $0.01 EPS change or 1.79 % from last quarter's $0.56 EPS. Hightower Advisors Lc holds 636,174 shares. BMO Capital Markets lowered Starbucks Corporation from an "outperform" rating to a "market perform" rating and upped their target price for the stock from $54.52 to $64.00 in a research note on Wednesday, August 9th. Three months ago, analysts assigned SBUX a 4.67 rating, which implies that analysts have become more pessimistic about the outlook for the stock over the next year. Starbucks Corporation had a net margin of 12.93% and a return on equity of 52.82%. The firm earned "Buy" rating on Monday, May 15 by Deutsche Bank.

More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Investorplace.com and their article: "Starbucks Online Store Has Officially Shut Down" published on October 02, 2017 as well as Investorplace.com's news article titled: "Starbucks Corporation (SBUX) Stock Has Huge Problems" with publication date: September 27, 2017. It improved, as 68 investors sold SBUX shares while 409 reduced holdings. 104 funds opened positions while 473 raised stakes. The hedge funds in our partner's database now possess: 988.30 million shares, up from 974.49 million shares in 2017Q1. Regentatlantic owns 6,344 shares. The correct version of this report can be viewed at https://weekherald.com/2017/10/08/bp-plc-boosts-holdings-in-starbucks-corporation-sbux.html. South State Corporation has 27,777 shares for 0.21% of their portfolio. Cim Investment Mangement owns 9,521 shares. Whittier Trust Com has invested 0.72% in Starbucks Corporation (NASDAQ:SBUX). Cranbrook Wealth Mngmt Lc owns 200 shares or 0.01% of their United States portfolio. Moreover, Alphamark Advsr Ltd Com has 0% invested in Starbucks Corporation (NASDAQ:SBUX).

Colony Group Llc, which manages about $3.39 billion and $1.40 billion US Long portfolio, decreased its stake in Symantec Corp (NASDAQ:SYMC) by 21,449 shares to 159,402 shares, valued at $4.50 million in 2017Q2, according to the filing.



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