Market Update (NASDAQ:SBUX): Starbucks Advances Latin America Expansion

Starbucks Corporation (NASDAQ:SBUX) [Business Wire] – Starbucks Coffee Company today announced it is continuing to broaden the company’s presence in Latin America, sharing new store plans for Colombia, Bolivia and Panama
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Starbucks Corporation (SBUX), with a current market cap of $53.19B, started the session at $71.07.
Shares have traded today between $70.57 and $71.20 per share with the price of the stock fluctuating between $62.31 to $82.50 over the last 52 weeks.
SBUX shares are currently priced at 26.65x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.82x forward p/e ratio.
And for passive income investors, the company pays shareholders $1.04 per share annually in dividends, yielding 1.50%.
According to a consensus of 27 analysts, the earnings estimate of $0.66 per share would be $0.11 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.67, which would be a $0.41 improvement when compared to the last year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $4.12 Billion. If reported, that would be a 10.16% increase over the year-ago quarter.
More recently, RBC Capital Mkts Initiated SBUX at Outperform (Nov 8, 2013). Previously, Pacific Crest Initiated SBUX at to Outperform.
When considering if the stock is under or overvalued, the average price target is $87.83, which is 23.58% above where the stock opened this morning.
Summary (NASDAQ:SBUX) :  Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. Its stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single serve products, and juices and bottled water. The company’s stores also provide fresh food offerings; ready-to-drink beverages; and various food products, including pastries, and breakfast sandwiches and lunch items, as well as beverage-making equipment and accessories. In addition, it licenses the rights to produce and distribute Starbucks branded products to The North American Coffee Partnership with the Pepsi-Cola Company, as well as licenses its trademarks through licensed stores, grocery, and national foodservice accounts. The company offers its products under the Starbucks, Teavana, Tazo, Seattle’s Best Coffee, Starbucks VIA, Starbucks Refreshers, Evolution Fresh, La Boulange, and Verismo brand names. As of September 29, 2013, it operated approximately 10,194 company-operated stores and approximately 9,573 licensed stores. Starbucks Corporation was founded in 1985 and is based in Seattle, Washington.
Tag Helper ~ Stock Code: SBUX | Common Company name: Starbucks | Full Company name: Starbucks Corporation (NASDAQ:SBUX) .

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