Sentiment Report: Starbucks Corp (NASDAQ:SBUX)

September 30, 2018 - By Victoria Pittman

Starbucks Corporation (NASDAQ:SBUX) Logo

Sentiment for Starbucks Corp (NASDAQ:SBUX)

Starbucks Corp (NASDAQ:SBUX) institutional sentiment decreased to 0.76 in Q2 2018. Its down -0.17, from 0.93 in 2018Q1. The ratio dived, as 461 active investment managers opened new and increased stock positions, while 603 sold and decreased their stock positions in Starbucks Corp. The active investment managers in our partner’s database reported: 929.26 million shares, down from 955.12 million shares in 2018Q1. Also, the number of active investment managers holding Starbucks Corp in their top 10 stock positions decreased from 35 to 17 for a decrease of 18. Sold All: 116 Reduced: 487 Increased: 356 New Position: 105.

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company has market cap of $76.68 billion. The firm operates in four divisions: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. It has a 17.75 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 0.87% or $0.5 during the last trading session, reaching $56.84. About 7.41 million shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 2.67% since September 30, 2017 and is uptrending. It has underperformed by 12.95% the S&P500.

Analysts await Starbucks Corporation (NASDAQ:SBUX) to report earnings on November, 1. They expect $0.61 earnings per share, up 10.91 % or $0.06 from last year’s $0.55 per share. SBUX’s profit will be $822.95M for 23.30 P/E if the $0.61 EPS becomes a reality. After $0.62 actual earnings per share reported by Starbucks Corporation for the previous quarter, Wall Street now forecasts -1.61 % negative EPS growth.

Pacifica Capital Investments Llc holds 14.54% of its portfolio in Starbucks Corporation for 520,997 shares. Park Circle Co owns 196,600 shares or 6.27% of their US portfolio. Moreover, Clenar Muke Llc has 5.55% invested in the company for 32.39 million shares. The Colorado-based Semper Augustus Investments Group Llc has invested 5.39% in the stock. Consulta Ltd, a United Kingdom-based fund reported 1.00 million shares.

Since January 1, 0001, it had 1 insider purchase, and 4 insider sales for $15.56 million activity.

Starbucks Corporation (NASDAQ:SBUX) Ratings Coverage

Ratings analysis reveals 28% of Starbucks’s analysts are positive. Out of 18 Wall Street analysts rating Starbucks, 5 give it “Buy”, 0 “Sell” rating, while 13 recommend “Hold”. The lowest target is $48 while the high is $7000. The stock’s average target of $59.40 is 4.50% above today’s ($56.84) share price. SBUX was included in 21 notes of analysts from April 13, 2018. Piper Jaffray maintained the stock with “Buy” rating in Friday, April 27 report. The firm earned “Hold” rating on Tuesday, June 26 by Bernstein. The firm earned “Hold” rating on Wednesday, June 20 by Morgan Stanley. UBS maintained Starbucks Corporation (NASDAQ:SBUX) on Monday, May 21 with “Buy” rating. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Neutral” rating given on Wednesday, June 20 by Mizuho. As per Wednesday, June 20, the company rating was downgraded by BTIG Research. On Monday, July 2 the stock rating was maintained by Stephens with “Equal-Weight”. The rating was upgraded by DZ Bank on Friday, July 6 to “Hold”. The firm earned “Outperform” rating on Wednesday, June 20 by Robert W. Baird. The firm earned “Neutral” rating on Wednesday, June 20 by Wedbush.

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: which released: “OBJ unveils the 2018 Readers’ Choice Awards” on September 30, 2018, also with their article: “Starbucks makes big green push” published on September 13, 2018, published: “Is Starbucks Stock Ready to Brew Fresh Profits for Investors?” on September 12, 2018. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: and their article: “Starbucks Is A Buy” published on September 17, 2018 as well as‘s news article titled: “National Employee Morale Day: Starbucks Sets Layoffs Under $11 Million CEO” with publication date: September 25, 2018.

Starbucks Corporation (NASDAQ:SBUX) Institutional Positions Chart

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