Published: Fri, April 27, 2018
People | By Neil Grant

Starbucks (SBUX) Updates FY18 Earnings Guidance

Starbucks (SBUX) Updates FY18 Earnings Guidance

Balasa Dinverno Foltz Ltd accumulated 11,364 shares or 0.1% of the stock. The institutional investor held 559,408 shares of the consumer non-durables company at the end of 2017Q4, valued at $33.17 million, down from 565,541 at the end of the previous reported quarter. Sather Financial Group Inc who had been investing in Starbucks Corp for a number of months, seems to be bullish on the $83.47B market cap company.

Discover Financial Services, (NYSE: DFS) exhibits a change of -1.43% during the last trading, with the company's shares hitting the price near 71.86 on active trading volume of 8290640 contrast its three months average trading volume of 2.18M. About 11.95M shares traded or 11.15% up from the average.

On April, 26 is anticipated Starbucks Corporation (NASDAQ:SBUX)'s earnings report, Faxor reports. SBUX underperformed the S&P500 by 11.15%.

Steve Leonard increased its stake in Mattel Inc (MAT) by 191.37% based on its latest 2017Q4 regulatory filing with the SEC.

Fukoku Mutual Life Insurance Company, which manages about $662.85M US Long portfolio, upped its stake in Intuitive Surgical Inc (NASDAQ:ISRG) by 926 shares to 1,389 shares, valued at $507,000 in 2017Q4, according to the filing. Pacifica Capital Investments Llc who had been investing in Mattel Inc for a number of months, seems to be bullish on the $4.81B market cap company. The stock decreased 0.07% or $1.38 during the last trading session, reaching $1905.64. About 2.07M shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 0.40% since April 25, 2017 and is uptrending. It has outperformed by 0.27% the S&P500.

In other Starbucks news, insider Clifford Burrows sold 162,826 shares of the stock in a transaction on Wednesday, January 31st. Also, Director Myron E. Ullman III sold 25,000 shares of the stock in a transaction on Thursday, February 8th.

Among 18 analysts covering Hologic (NASDAQ:HOLX), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 62% are positive. Since November 1, 2017 according to StockzIntelligence Inc Starbucks Corp has 34 analyst reports. The rating was maintained by BMO Capital Markets on Friday, October 30 with "Outperform". The rating was maintained by Mizuho with "Buy" on Wednesday, November 1. The firm has "Hold" rating given on Friday, July 28 by Stephens. The average target $66.43 is 14.83% above the last ($57.85) price.

The SMA200 of the stock is at 5.50%, SMA20 is 2.15%, while SMA50 is 3.51%. S&P Research upgraded the shares of SBUX in report on Tuesday, July 28 to "Buy" rating. Its down 0.96, from 1.97 in 2017Q3.

An institutional investor recently raised its position in Starbucks stock. Investors holded 972.68 million in 2017Q3 but now own 983.38 million shares or 1.10% more. Ny State Common Retirement Fund reported 30,000 shares stake. Fil Limited invested 0.04% in Starbucks Corporation (NASDAQ:SBUX). Lincoln National Corp acquired 19,033 shares as Starbucks Corp (SBUX)'s stock rose 0.28%. Analysts forecast $0.53 earnings per share, which is $0.08 up or 17.78 % from 2017's $0.45 earnings per share. Nexus Investment Mngmt Inc invested in 24,000 shares or 0.2% of the stock. 29,370 are owned by Birinyi Inc. 20,586 are owned by Hbk Sorce Advisory Ltd Company. Regent Management Ltd Liability Com stated it has 0.08% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Kistler has 0.17% invested in Starbucks Corporation (NASDAQ:SBUX).

The company's earnings per share shows growth of 4.10% for the current year and expected to arrive earnings growth for the next year at 12.37%. Parametric Portfolio Associates Ltd owns 141,501 shares for 0% of their portfolio.

Since March 9, 2018, it had 0 insider purchases, and 1 insider sale for $45,677 activity. Therefore 78% are positive. Priceline.com had 101 analyst reports since July 21, 2015 according to SRatingsIntel. The company was initiated on Monday, December 12 by UBS. The rating was downgraded by Susquehanna on Monday, November 7 to "Neutral". The firm has "Buy" rating given on Thursday, January 25 by Robert W. Baird. Finally, BTIG Research reiterated a "buy" rating and set a $64.00 price target on shares of Starbucks in a report on Friday, January 26th. Barclays reissued an "equal weight" rating and issued a $65.00 price objective (up previously from $58.00) on shares of Starbucks in a report on Tuesday, January 16th. As per Wednesday, May 4, the company rating was maintained by Goldman Sachs. Wedbush reaffirmed a buy rating and issued a $70.00 price target on shares of Starbucks in a research note on Monday, January 22nd. (NYSE:LQ) on Tuesday, October 27 with "Market Perform" rating. (NASDAQ:PCLN) earned "Buy" rating by Stifel Nicolaus on Thursday, November 10. The company's price to sales ratio for trailing twelve months is 3.67 and price to book ratio for most recent quarter is 14.27, whereas price to cash per share for the most recent quarter is 22.12. It also reduced its holding in Ball Corp (NYSE:BLL) by 1.66M shares in the quarter, leaving it with 6.21M shares, and cut its stake in Check Point Software Technologies Ltd (NASDAQ:CHKP). Clearbridge Investments LLC's holdings in Starbucks were worth $9,510,000 at the end of the most recent quarter. Its up 0.14, from 1.04 in 2017Q3. The earnings growth rate for the next years is an important measure for investors planning to hold onto a stock for several years. It is without change, as 86 investors sold PCLN shares while 311 reduced holdings. only 96 funds opened positions while 311 raised stakes.

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