Media coverage about Starbucks (NASDAQ:SBUX) has trended somewhat negative on Tuesday, AlphaOne reports. AlphaOne, a service of Accern, rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Starbucks earned a coverage optimism score of -0.08 on AlphaOne’s scale. AlphaOne also assigned headlines about the coffee company an impact score of 76 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Alpha One Sentiment’s scoring:
Starbucks (NASDAQ:SBUX) opened at 64.27 on Tuesday. The firm has a market capitalization of $93.07 billion, a PE ratio of 31.79 and a beta of 0.79. The company’s 50-day moving average price is $61.09 and its 200 day moving average price is $58.05. Starbucks has a one year low of $50.84 and a one year high of $64.87. Starbucks (NASDAQ:SBUX) last posted its earnings results on Thursday, April 27th. The coffee company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. Starbucks had a net margin of 13.30% and a return on equity of 51.45%. The company had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. Starbucks’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, analysts forecast that Starbucks will post $2.11 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Thursday, May 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, May 9th. Starbucks’s dividend payout ratio (DPR) is 51.28%. Several research analysts have recently weighed in on SBUX shares. Vetr downgraded Starbucks from a “strong-buy” rating to a “buy” rating and set a $64.50 target price for the company. in a research note on Tuesday, April 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 price objective on shares of Starbucks in a research note on Monday, March 13th. Stephens restated an “equal weight” rating and issued a $58.00 target price on shares of Starbucks in a report on Friday, April 28th. OTR Global cut Starbucks to a “positive” rating in a report on Tuesday, April 25th. Finally, Cowen and Company restated an “outperform” rating and issued a $66.00 target price on shares of Starbucks in a report on Monday, April 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. Starbucks currently has an average rating of “Buy” and a consensus price target of $64.71.
The company also recently declared a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Thursday, May 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, May 9th. Starbucks’s dividend payout ratio (DPR) is 51.28%. In related news, Director Myron E. Ullman III sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $60.43, for a total value of $1,208,600.00. Following the completion of the transaction, the director now directly owns 34,000 shares of the company’s stock, valued at approximately $2,054,620. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Clifford Burrows sold 114,826 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $59.46, for a total transaction of $6,827,553.96. Following the completion of the transaction, the insider now directly owns 363,343 shares of the company’s stock, valued at $21,604,374.78. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.
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