Starbucks Corp (NASDAQ:SBUX) Stock Price While Sentiment Worsens

Starbucks Corporation (NASDAQ:SBUX) Logo

Sentiment for Starbucks Corp (NASDAQ:SBUX)

Starbucks Corp (NASDAQ:SBUX) institutional sentiment decreased to 0.79 in 2019 Q2. Its down -0.19, from 0.98 in 2019Q1. The ratio has worsened, as 459 hedge funds started new or increased holdings, while 579 decreased and sold their positions in Starbucks Corp. The hedge funds in our partner’s database now have: 807.59 million shares, down from 825.46 million shares in 2019Q1. Also, the number of hedge funds holding Starbucks Corp in their top 10 holdings increased from 52 to 60 for an increase of 8. Sold All: 43 Reduced: 536 Increased: 338 New Position: 121.

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company has market cap of $108.28 billion. The firm operates in four divisions: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. It has a 32.35 P/E ratio. The Company’s stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, juices, and bottled water; an assortment of fresh food and snack offerings; and various food products, such as pastries, breakfast sandwiches, and lunch items, as well as beverage-making equipment and accessories.

The stock decreased 1.74% or $1.6 during the last trading session, reaching $90.46. About 5.87M shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 82.45% since September 13, 2018 and is uptrending. It has outperformed by 82.45% the S&P500.

Analysts await Starbucks Corporation (NASDAQ:SBUX) to report earnings on November, 7. They expect $0.70 EPS, up 12.90 % or $0.08 from last year’s $0.62 per share. SBUX’s profit will be $837.90 million for 32.31 P/E if the $0.70 EPS becomes a reality. After $0.78 actual EPS reported by Starbucks Corporation for the previous quarter, Wall Street now forecasts -10.26 % negative EPS growth.

Cedar Rock Capital Ltd holds 18.71% of its portfolio in Starbucks Corporation for 9.43 million shares. Pacifica Capital Investments Llc owns 479,123 shares or 18.59% of their US portfolio. Moreover, Pershing Square Capital Management L.P. has 11.64% invested in the company for 9.31 million shares. The Maryland-based Park Circle Co has invested 11.22% in the stock. Clenar Muke Llc, a Australia-based fund reported 30.77 million shares.

Starbucks Corporation (NASDAQ:SBUX) Ratings Coverage

Ratings analysis reveals 41% of Starbucks Corp’s analysts are positive. Out of 17 Wall Street analysts rating Starbucks Corp, 7 give it “Buy”, 0 “Sell” rating, while 10 recommend “Hold”. The lowest target is $65 while the high is $11000. The stock’s average target of $90.18 is -0.31% below today’s ($90.46) share price. SBUX was included in 26 notes of analysts from March 15, 2019. The firm earned “Overweight” rating on Friday, July 26 by KeyBanc Capital Markets. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, July 18 report. Piper Jaffray maintained it with “Neutral” rating and $8200 target in Monday, June 10 report. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Hold” rating given on Friday, March 15 by Stifel Nicolaus. The stock of Starbucks Corporation (NASDAQ:SBUX) earned “Equal-Weight” rating by Stephens on Friday, April 26. The firm earned “Outperform” rating on Friday, July 26 by Robert W. Baird. The stock has “Market Perform” rating by BMO Capital Markets on Friday, April 26. Wedbush maintained it with “Neutral” rating and $9500 target in Friday, July 26 report. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, July 26. The firm has “Equal-Weight” rating given on Friday, July 26 by Stephens.

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Seekingalpha.com which released: “Starbucks pulls forward buybacks – Seeking Alpha” on September 04, 2019, also Nasdaq.com with their article: “Starbucks Corporation (SBUX) Ex-Dividend Date Scheduled for August 07, 2019 – Nasdaq” published on August 06, 2019, Nasdaq.com published: “Company News for Sep 5, 2019 – Nasdaq” on September 05, 2019. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Finance.Yahoo.com and their article: “Union Rejects Contract Offer From Big Starbucks Distributor – Yahoo Finance” published on August 26, 2019 as well as Nasdaq.com‘s news article titled: “RCI Hospitality Holdings, Inc. (RICK) Ex-Dividend Date Scheduled for September 09, 2019 – Nasdaq” with publication date: September 06, 2019.

Starbucks Corporation (NASDAQ:SBUX) Institutional Positions Chart

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.