Starbucks Corporation (NASDAQ:SBUX) is expected to pay $0.25 on Dec 2, 2016. The indicated annual dividend is $1.00. Shareholders owning the stock before Nov 15, 2016 will be eligible to receive the payout. Based on Starbucks Corporation’s current price of $53.91, the dividend is 0.46%. This dividend’s record date is Nov 17, 2016 and the announcement date is Nov 4, 2016. The stock increased 0.63% or $0.34 during the last trading session, hitting $53.91. About 14 shares traded hands. Starbucks Corporation (NASDAQ:SBUX) has declined 9.36% since April 12, 2016 and is downtrending. It has underperformed by 14.34% the S&P500.
Starbucks Corporation is the roaster, marketer and retailer of specialty coffee. The company has a market cap of $79.60 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 28.44 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.
Insitutional Activity: The institutional sentiment increased to 1.02 in 2016 Q2. Its up 0.05, from 0.97 in 2016Q1. The ratio increased, 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.
Curbstone Mgmt has 0.29% invested in the company for 15,244 shares. Fiera accumulated 73,105 shares or 0.02% of the stock. Wellington Grp Llp reported 4.21 million shares or 0.06% of all its holdings. Diversified Trust last reported 11,569 shares in the company. Badgley Phelps Bell, a Washington-based fund reported 273,388 shares. Capital Impact Advsr Llc accumulated 0.83% or 31,202 shares. Dynamic Mngmt, a United Kingdom-based fund reported 11,000 shares. Marsico Capital Mgmt Limited Liability Corporation holds 3.96% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 2.00 million shares. Moreover, Bridgecreek Inv Mgmt Limited Co has 1.99% invested in Starbucks Corporation (NASDAQ:SBUX) for 113,615 shares. Hirtle Callaghan Company Ltd Company has 0.03% invested in the company for 3,144 shares. Moreover, Honeywell International has 1.05% invested in Starbucks Corporation (NASDAQ:SBUX) for 718,062 shares. Nadler Grp accumulated 0.12% or 5,065 shares. Investment Of America Inc owns 234,886 shares or 2.56% of their US portfolio. Hhr Asset Lc holds 1.54M shares or 4.46% of its portfolio. Hilton Lc last reported 0.1% of its portfolio in the stock.
Insider Transactions: Since May 16, 2016, the stock had 0 insider buys, and 3 selling transactions for $2.55 million net activity. $742,790 worth of Starbucks Corporation (NASDAQ:SBUX) was sold by ULLMAN MYRON E III on Tuesday, July 26. Shares for $2.78M were sold by SHENNAN JAMES G JR. Another trade for 12,654 shares valued at $700,281 was made by BRADLEY WILLIAM W on Friday, May 27.
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. Starbucks Corporation has been the topic of 26 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Wednesday, October 19 by RBC Capital Markets. The rating was downgraded by Vetr on Friday, August 28 to “Strong-Buy”. The company was maintained on Friday, July 22 by Goldman Sachs. Wedbush maintained it with “Outperform” rating and $65 target price in Wednesday, September 28 report. Wedbush maintained it with “Outperform” rating and $70 target price in Friday, July 22 report. BTIG Research maintained the stock with “Buy” rating in Friday, July 22 report. BMO Capital Markets maintained Starbucks Corporation (NASDAQ:SBUX) on Friday, October 30 with “Outperform” rating. The stock has “Buy” rating given by Evercore on Tuesday, April 5. The rating was reinitiated by Stifel Nicolaus with “Hold” on Friday, March 18. The firm earned “Buy” rating on Wednesday, May 4 by Goldman Sachs.
More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Fool.com which released: “10 Key Metrics From Starbucks Corporation’s Fourth Quarter” on November 11, 2016, also Seekingalpha.com with their article: “Starbucks Is Poised For A Stellar 2017” published on November 14, 2016, Investorplace.com published: “Starbucks Holiday Cups 2016: Starbucks Corporation (SBUX) Debuts 13 Different …” on November 10, 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 Seekingalpha.com‘s news article titled: “Starbucks: A Downgrade Again” with publication date: November 11, 2016.
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.
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