Mizuho Issues Positive Forecast for Starbucks (NASDAQ:SBUX) Stock Price

Starbucks (NASDAQ:SBUXFree Report) had its target price lifted by Mizuho from $86.00 to $95.00 in a research note published on Monday morning, MarketBeat.com reports. Mizuho currently has a neutral rating on the coffee company’s stock.

A number of other equities research analysts have also recently commented on the company. BTIG Research reaffirmed a “buy” rating and set a $105.00 price objective on shares of Starbucks in a research note on Thursday, January 22nd. Dbs Bank lowered shares of Starbucks from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Royal Bank Of Canada set a $100.00 target price on shares of Starbucks and gave the company an “outperform” rating in a research note on Thursday, October 30th. Piper Sandler dropped their price objective on Starbucks from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Finally, Citigroup raised Starbucks from a “neutral” rating to a “positive” rating in a research note on Thursday, January 15th. Eighteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.50.

Read Our Latest Research Report on SBUX

Starbucks Trading Down 1.3%

Shares of NASDAQ SBUX opened at $96.33 on Monday. Starbucks has a 1 year low of $75.50 and a 1 year high of $117.46. The firm’s 50-day moving average is $87.25 and its 200-day moving average is $87.06. The firm has a market capitalization of $109.54 billion, a PE ratio of 58.74, a price-to-earnings-growth ratio of 2.07 and a beta of 0.97.

Starbucks (NASDAQ:SBUXGet Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The coffee company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Starbucks had a negative return on equity of 31.32% and a net margin of 4.99%.The business had revenue of $9.57 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same period last year, the firm earned $0.80 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate that Starbucks will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, February 13th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.6%. Starbucks’s dividend payout ratio (DPR) is presently 151.22%.

Insiders Place Their Bets

In other news, Director Jorgen Vig Knudstorp purchased 11,700 shares of Starbucks stock in a transaction on Monday, November 10th. The stock was purchased at an average price of $85.00 per share, with a total value of $994,500.00. Following the transaction, the director directly owned 53,096 shares in the company, valued at $4,513,160. The trade was a 28.26% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. River Street Advisors LLC increased its stake in Starbucks by 0.8% in the 4th quarter. River Street Advisors LLC now owns 13,516 shares of the coffee company’s stock valued at $1,138,000 after buying an additional 113 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Starbucks by 4.1% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 9,390 shares of the coffee company’s stock valued at $791,000 after acquiring an additional 369 shares in the last quarter. Slocum Gordon & Co LLP bought a new position in shares of Starbucks in the 4th quarter valued at about $1,097,000. CM Wealth Advisors LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at about $300,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Starbucks by 19.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 611,927 shares of the coffee company’s stock worth $51,530,000 after acquiring an additional 100,040 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

About Starbucks

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Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.

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Analyst Recommendations for Starbucks (NASDAQ:SBUX)

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