Starbucks Corporation (NASDAQ:SBUX) has made a 97.39% comeback from a 12-month low price of $50.21. It was seen 8.94% higher, changing the price to $99.11, when the closing bell rang on 7/26/2019. At a recent session, the prices were hovering between $95.21 and $99.72. This company shares are -14.59% up from its target price of $84.65 and the current market capitalization stands at $122.82B. The recent change has given its price a 18.68% lead over SMA 50 and 8.19% lead over its 52-week high. The stock witnessed 18.87% gains, 27.97% gains and 47.73% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SBUX’s volatility during a week at 2.17% and during a month it has been found around 1.39%.
What Does Starbucks Corporation (SBUX) Do?
The company describes itself in regulatory filings as, “Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: Americas; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA); and Channel Development. The Americas, CAP, EMEA segments sells coffee and other beverages, complementary food, packaged coffees, single-serve coffee products, and a focused selection of merchandise through company-oriented stores, and licensed stores. The Channel Development segment include sales of packaged coffee, tea, and ready-to-drink beverages to customers outside of its company-operated and licensed stores. The company brands include Evolution Fresh, Teavana, Tazo Tea and Seattle’s Best. Starbucks was founded by Jerry Baldwin and Howard D. Schultz on November 4, 1985 and is headquartered in Seattle, WA.” [Text can be found here: https://www.marketwatch.com/investing/stock/SBUX/profile under company description.]Starbucks Corporation (SBUX) Top Holders
Institutional investors currently hold around $87.51 billion or 74.8% in SBUX stock. Look at its top three institutional owners: Vanguard Group Inc owns $9.02 billion in Starbucks Corporation, which represents roughly 7.34% of the company’s market cap and approximately 10.31% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 82,001,112 shares of the stock are valued at $8.13 billion. The third largest holder is State Street Corp, which currently holds $5.3 billion worth of this stock and that ownership represents nearly 4.31% of its market capitalization.Starbucks Corporation 13F Filings
At the end of March reporting period, 750 institutional holders increased their position in Starbucks Corporation (NASDAQ:SBUX) by some 71,633,255 shares, 823 decreased positions by 103,735,725 and 219 held positions by 707,563,581. That puts total institutional holdings at 882,932,561 shares, according to SEC filings. The stock grabbed 171 new institutional investments totaling 9,251,042 shares while 89 institutional investors sold out their entire positions totaling 10,361,033 shares.Starbucks Corporation (NASDAQ:SBUX) Insider Trades
Multiple company employees have indulged in significant insider trading. Starbucks Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director ULLMAN MYRON E III has sold 9,973 shares of Starbucks Corporation (SBUX) in the trading session dated Jul. 01, 2019. These shares are worth $844,115 and were traded at $84.64 each. The SEC filing shows that Helm Lucy Lee performed a sale of 10,000 shares. The evp, chief partner officer disposed these shares by way of transaction on Jun. 12, 2019. The company’s shares were given away at $83 per share worth to an income of some $830,000 to the account of Helm Lucy Lee.
evp, Public Affairs, Varma Vivek C, sold 36,191 common shares of Starbucks Corporation (SBUX) in the open market. In a transaction dated Jun. 12, 2019, the shares were put up for sale at an average price of $82.53, raking in a sum of $2,986,843. After this sale, 161,209 common shares of SBUX are directly owned by the insider, with total stake valued at $15,977,389.
In the transaction dated Jun. 03, 2019, a great number of shares sold came courtesy the Director; ULLMAN MYRON E III disposed a total of 9,973 shares at an average price of $76.12, amounting to approximately $759,145. The insider now directly owns 18,417 shares worth $1,825,309.Starbucks Corporation (SBUX) Analyst Guide
Several analysts have released their opinion on Starbucks Corporation (NASDAQ:SBUX), with 7 analysts believing it is a strong buy. Whereas 18 of them predict the stock is a hold. Also, there are 6 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.44 average brokerage recommendation [T1].