How Many Starbucks Corporation (NASDAQ:SBUX)’s Analysts Are Bearish?

July 27, 2018 - By Margaret Guttierez

Starbucks Corporation (NASDAQ:SBUX) LogoInvestors sentiment decreased to 0.93 in Q1 2018. Its down 0.12, from 1.05 in 2017Q4. It worsened, as 61 investors sold Starbucks Corporation shares while 485 reduced holdings. 118 funds opened positions while 391 raised stakes. 955.12 million shares or 2.87% less from 983.38 million shares in 2017Q4 were reported.
Great Lakes Advsr Ltd Company has invested 0.03% in Starbucks Corporation (NASDAQ:SBUX). Diamond Hill Mgmt holds 0.19% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 647,787 shares. Automobile Association invested in 0.15% or 936,293 shares. Mirae Asset Glob Investments Com Ltd owns 0.45% invested in Starbucks Corporation (NASDAQ:SBUX) for 589,176 shares. The Massachusetts-based Essex Investment Ltd Co has invested 0.33% in Starbucks Corporation (NASDAQ:SBUX). Moors And Cabot has invested 0.2% in Starbucks Corporation (NASDAQ:SBUX). Quinn Opportunity Ptnrs Limited Co reported 4,000 shares stake. 3.35 million were reported by Bancorp Of Montreal Can. Veritable Lp stated it has 67,242 shares or 0.08% of all its holdings. Sfe Inv Counsel holds 0.99% in Starbucks Corporation (NASDAQ:SBUX) or 32,818 shares. South Texas Money Mngmt Limited holds 0.07% or 24,928 shares in its portfolio. Alta Capital Management Ltd Liability Corporation reported 2.12% stake. Force Ltd Company invested 0.91% in Starbucks Corporation (NASDAQ:SBUX). Wesbanco Comml Bank has invested 0.42% in Starbucks Corporation (NASDAQ:SBUX). 4,005 are owned by Hm Payson And Com.

Since January 31, 2018, it had 0 insider purchases, and 3 insider sales for $13.62 million activity. 59,838 shares valued at $3.60 million were sold by WEATHERUP CRAIG on Tuesday, March 13. The insider BURROWS CLIFFORD sold 162,826 shares worth $9.28 million.

Starbucks Corporation (NASDAQ:SBUX) Ratings Coverage

Among 18 analysts covering Starbucks Corp (NASDAQ:SBUX), 6 have Buy rating, 0 Sell and 12 Hold. Therefore 33% are positive. Starbucks Corp had 26 analyst reports since January 29, 2018 according to SRatingsIntel. Wedbush maintained the stock with “Neutral” rating in Wednesday, June 20 report. The firm earned “Outperform” rating on Tuesday, June 5 by Robert W. Baird. The company was maintained on Tuesday, July 24 by BMO Capital Markets. The rating was downgraded by BTIG Research to “Hold” on Wednesday, June 20. The rating was downgraded by Bernstein on Monday, January 29 to “Hold”. The stock has “Outperform” rating by Robert W. Baird on Wednesday, June 20. The stock of Starbucks Corporation (NASDAQ:SBUX) earned “Market Perform” rating by BMO Capital Markets on Wednesday, June 20. The rating was downgraded by Wedbush to “Neutral” on Thursday, March 29. The rating was maintained by Stifel Nicolaus on Wednesday, June 20 with “Hold”. The rating was maintained by Stephens with “Equal-Weight” on Monday, July 2. Below is a list of Starbucks Corporation (NASDAQ:SBUX) latest ratings and price target changes.

24/07/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Market Perform Old Target: $56 New Target: $51 Maintain
18/07/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $60 New Target: $57 Maintain
06/07/2018 Broker: DZ Bank Old Rating: Sell New Rating: Hold New Target: $48 Upgrade
02/07/2018 Broker: Stephens Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $58 New Target: $53 Maintain
26/06/2018 Broker: Jefferies Old Rating: Buy New Rating: Buy Old Target: $69 New Target: $61 Maintain
26/06/2018 Broker: Bernstein Rating: Hold New Target: $58.0000 Maintain
21/06/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Overweight Old Target: $64 New Target: $61 Maintain
20/06/2018 Broker: Robert W. Baird Old Rating: Outperform New Rating: Outperform Old Target: $65 New Target: $64 Maintain
20/06/2018 Broker: Telsey Advisory Group Old Rating: Outperform New Rating: Market Perform Old Target: $66 Downgrade
20/06/2018 Broker: Mizuho Old Rating: Neutral New Rating: Neutral Old Target: $60 New Target: $56 Maintain

The stock decreased 0.33% or $0.17 during the last trading session, reaching $51.45. About 10.23M shares traded. Starbucks Corporation (NASDAQ:SBUX) has declined 7.92% since July 27, 2017 and is downtrending. It has underperformed by 20.49% the S&P500.

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company has market cap of $71.00 billion. The firm operates in four divisions: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. It has a 16.88 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.

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Seekingalpha.com which released: “Lanny’s Recent Stock Purchase – Starbucks” on July 15, 2018, also Thestreet.com with their article: “Starbucks Is Still a Terrible Investment” published on July 25, 2018, Seekingalpha.com published: “Starbucks: 3 Letters For Kevin Johnson” on July 24, 2018. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Seekingalpha.com and their article: “The No. 1 Reason To Buy Costco Stock” published on July 25, 2018 as well as 247Wallst.com‘s news article titled: “The Death of Growth at Starbucks” with publication date: July 27, 2018.

Starbucks Corporation (NASDAQ:SBUX) Institutional Positions Chart

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