What’s in Starbucks Corporation After Today’s Bearish Options Activity?

 What's in Starbucks Corporation After Today's Bearish Options Activity?

In today’s session Starbucks Corporation (SBUX) recorded an unusually high (1,470) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious SBUX decrease. With 1,470 contracts traded and 69654 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: SBUX180119P00052500 closed last at: $4.65 or 1.1% down. About 1.57M shares traded hands. Starbucks Corporation (NASDAQ:SBUX) has declined 12.04% since April 11, 2016 and is downtrending. It has underperformed by 18.18% the S&P500.

Starbucks Corporation (NASDAQ:SBUX) Ratings Coverage

Out of 17 analysts covering Starbucks Corporation (NASDAQ:SBUX), 12 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 71% are positive. $72 is the highest target while $59 is the lowest. The $64.86 average target is 21.39% above today’s ($53.43) stock price. Starbucks Corporation has been the topic of 26 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Starbucks Corporation (NASDAQ:SBUX) earned “Outperform” rating by RBC Capital Markets on Friday, October 30. The stock of Starbucks Corporation (NASDAQ:SBUX) earned “Hold” rating by Deutsche Bank on Wednesday, November 2. UBS maintained it with “Buy” rating and $63 target price in Friday, July 24 report. The firm earned “Buy” rating on Thursday, September 3 by Vetr. Wedbush maintained the shares of SBUX in a report on Wednesday, September 28 with “Outperform” rating. The company was reinitiated on Friday, March 18 by Stifel Nicolaus. Goldman Sachs maintained Starbucks Corporation (NASDAQ:SBUX) rating on Friday, July 22. Goldman Sachs has “Buy” rating and $69 price target. The stock of Starbucks Corporation (NASDAQ:SBUX) earned “Buy” rating by Evercore on Tuesday, April 5. Deutsche Bank downgraded the shares of SBUX in a report on Tuesday, April 12 to “Hold” rating. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Buy” rating given on Wednesday, May 4 by Goldman Sachs.

According to Zacks Investment Research, “Starbucks Corporation purchases and roasts high-quality whole bean coffees and sells them along with fresh, rich-brewed, Italian style espresso beverages, a variety of pastries and confections, and coffee-related equipments primarily through its company-operated retail stores. In addition to sales through its company-operated retail stores, Starbucks sells whole bean coffees through a specialty sales group and supermarkets. Additionally, Starbucks produces and sells bottled Frappuccino coffee drink and a line of premium ice creams through its joint venture partnerships and offers a line of innovative premium teas produced by its wholly owned subsidiary, Tazo Tea Company. The company’s objective is to establish Starbucks as the most recognized and respected brand in the world.”

Insitutional Activity: The institutional sentiment increased to 1.02 in 2016 Q2. Its up 0.05, from 0.97 in 2016Q1. The ratio is positive, as 75 funds sold all Starbucks Corporation shares owned while 464 reduced positions. 87 funds bought stakes while 464 increased positions. They now own 971.80 million shares or 3.96% less from 1.01 billion shares in 2016Q1.
Capital Investors last reported 26.63 million shares in the company. D E Shaw And Incorporated has 16,100 shares for 0% of their US portfolio. Rowland And Company Investment Counsel Adv has 2,421 shares for 0% of their US portfolio. The California-based Aperio Group Ltd Liability has invested 0.3% in Starbucks Corporation (NASDAQ:SBUX). The Ontario – Canada-based Canada Pension Plan Investment Board has invested 0.11% in Starbucks Corporation (NASDAQ:SBUX). Fragasso Grp Inc accumulated 0.48% or 22,536 shares. The Illinois-based Calamos Ltd Liability Corp has invested 0.87% in Starbucks Corporation (NASDAQ:SBUX). Crossvault Capital Management Limited Co, a Texas-based fund reported 100,237 shares. Badgley Phelps Bell Inc accumulated 1.43% or 273,388 shares. Provise Mgmt Grp Limited Company accumulated 0.33% or 31,731 shares. Martingale Asset Ltd Partnership last reported 676,513 shares in the company. Sheets Smith Wealth Mgmt, a North Carolina-based fund reported 4,510 shares. Next Century Growth Ltd Co has 0.32% invested in the company for 121,040 shares. Synovus Finance has 154,635 shares for 0.2% of their US portfolio. Lincoln Cap Ltd has invested 6.17% of its portfolio in Starbucks Corporation (NASDAQ:SBUX).

Insider Transactions: Since May 16, 2016, the stock had 0 insider buys, and 4 selling transactions for $5.33 million net activity. 50,000 shares with value of $2.78 million were sold by SHENNAN JAMES G JR on Monday, May 16. BRADLEY WILLIAM W sold $700,281 worth of stock. 20,000 shares were sold by ULLMAN MYRON E III, worth $1.11 million on Thursday, June 9.

Starbucks Corporation is the roaster, marketer and retailer of specialty coffee. The company has a market cap of $76.91 billion. The Firm purchases and roasts coffees that it sells, along with coffee, tea and other beverages, and a range of fresh food items, through Company-operated stores. It has a 28.18 P/E ratio. It also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts.

SBUX Company Profile

Starbucks Corporation, incorporated on November 4, 1985, is the roaster, marketer and retailer of specialty coffee. The Firm purchases and roasts coffees that it sells, along with coffee, tea and other beverages, and a range of fresh food items, through Company-operated stores. The Firm also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts. The Firm operates through four segment: Americas, which includes the United States, Canada, and Latin America; Europe, Middle East, and Africa (EMEA); China/Asia Pacific (CAP), and Channel Development. In addition to its Starbucks Coffee brand, it also sells goods and services under the brands, including Teavana, Tazo, Seattle’s Best Coffee, Evolution Fresh, La Boulange and Ethos.

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Investorplace.com which released: “When Will Starbucks Corporation (SBUX) Stock Brew Up Some Returns?” on November 10, 2016, also Investorplace.com with their article: “Starbucks Holiday Cups 2016: Starbucks Corporation (SBUX) Debuts 13 Different …” published on November 10, 2016, Seekingalpha.com published: “Starbucks: A Downgrade Again” on November 11, 2016. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Investorplace.com and their article: “There’s Absolutely No Reason to Buy Starbucks Corporation (SBUX) Stock Right Now” published on November 07, 2016 as well as Etfdailynews.com‘s news article titled: “Starbucks Offers Upbeat Outlook As Q4 Results Top Expectations” with publication date: November 03, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment