Investing in Starbucks Corporation (SBUX): What You Must Know

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Starbucks Corporation’s recent filing unveils that its Director ALLISON RICHARD E JR acquired Company’s shares for reported $0.93 million on Sep 15. In the deal valued at $92.53 per share,10,000 shares were bought. As a result of this transaction, ALLISON RICHARD E JR now holds 23,658 shares worth roughly $ 2.17 million.


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Then, HOBSON MELLODY L bought 54,750 shares, generating $5,068,536 in total proceeds. Upon buying the shares at $92.58, the Director now owns 433,254 shares.

Before that, Jenkins Zabrina sold 4,020 shares. Starbucks Corporation shares valued at $373,860 were divested by the acting evp, general counsel at a price of $93.00 per share. As a result of the transaction, Jenkins Zabrina now holds 36,337 shares, worth roughly $3.34 million.

Stephens initiated its Starbucks Corporation [SBUX] rating to an Equal-weight in a research note published on Friday, September 23, 2022; the price target was $91. PT values the company’s stock at a premium of -0.95 to its Friday closing price. A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in early September with a ‘”a Mkt perform”‘ rating. Deutsche Bank also remained covering SBUX and reiterated its “Buy” recommendation on July 14, 2022. Evercore ISI revised its rating on May 04, 2022. It rated SBUX as “an Outperform” which previously was an “an In-line”.

Price Performance Review of SBUX

On Friday, Starbucks Corporation [NASDAQ:SBUX] saw its stock jump 8.48% to $91.86. On the same session, the stock had its day’s lowest price of $90.52, but rose to a high of $93.60. Over the last five days, the stock has gained 5.46%. Starbucks Corporation shares have fallen nearly -21.47% since the year began. Nevertheless, the stocks have fallen -18.10% over the past one year. While a 52-week high of $117.80 was reached on 01/03/22, a 52-week low of $68.39 was recorded on 05/12/22. SMA at 50 days reached $87.10, while 200 days put it at $84.31. A total of 20.18 million shares were traded, compared to the trading of 8.86 million shares in the previous session.

Levels Of Support And Resistance For SBUX Stock

The 24-hour chart illustrates a support level at 90.39, which if violated will result in even more drops to 88.91. On the upside, there is a resistance level at 93.47. A further resistance level may holdings at 95.07. The Relative Strength Index (RSI) on the 14-day chart is 60.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.58%. Stochastics %K at 46.14% indicates the stock is a holding.

How much short interest is there in Starbucks Corporation?

A steep rise in short interest was recorded in Starbucks Corporation stocks on Jul 14, 2022, growing by 1.59 million shares to a total of 16.69 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 15.1 million shares. There was a rise of 9.53%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.46% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.32.

Starbucks Corporation [SBUX] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 97,713,801 shares, or roughly 8.52% of the outstanding SBUX shares. In other words, the investor’s shares have risen by 976,330 from its previous 13-F filing of 96737471.0. Additionally, BlackRock Fund Advisors decreased -5.66% of its stake after which the total value it holdings stand at $4,081,948,316, while SSgA Funds Management, Inc. reduced -3.56% of its stake to hold $3.75 billion in the firm. Over the last quarter, Wellington Management Co. LLP purchased 10,813,118 shares of Starbucks Corporation, while Geode Capital Management LLC bought -518,923 shares. At present, Capital Research & Management Co is holding 19,578,856 shares valued at $1.65 billion. Northern Trust Investments, Inc. owned 15,136,264 shares of the company at the time of its most recent 13F filing, worth $1.28 billion.

According to FactSet, Starbucks Corporation’s share price will average $97.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 15.14 percent from its previous closing price of $84.68. Analysts expect Starbucks Corporation stock to reach the higher price of $110.00, while the lowest price estimate is $87.00. However, 34 analysts have rated SBUX stock as an Overweight in their predictions for 2022.

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