Starbucks Coffee (SBUX) Tops Q3 EPS by 1c; Updates FY15 adj.-EPS Outlook

Starbucks (SBUX) PT Raised to $64 at RBC Capital

RBC Capital analyst David Palmer reiterated an Outperform rating and boosted his price target on Starbucks (NASDAQ: SBUX) to $64.00 (from $60.00) due to higher sales momentum, productivity, and benign costs.

"We believe investments in innovation, technology, and brand development will fuel sales and... More

Wedbush Raises Price Target on Starbucks Coffee (SBUX) to $70 Following 3Q15

Wedbush reiterated an Outperform rating on Starbucks (NASDAQ: SBUX), and raised the price target to $70.00 (from $64.00), following 3Q15. EPS of $0.42 was above $0.41 consensus. Raised FY15 guidance now calls for non-GAAP EPS of $1.57-1.58, up from $1.55-1.57 previously.

Analyst Nick Setyan commented, "Expect continued Americas... More

Starbucks Coffee (SBUX) Announces Additional 50M Shares Buyback

Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has authorized the repurchase of an additional 50 million shares of the Company's common stock under its ongoing share repurchase program. This authorization has no expiration date and is in addition to the 11 million... More

Starbucks Coffee (SBUX)\, PepsiCo (PEP) Enter Agreement Covering Latin America

Starbucks Coffee (NASDAQ: SBUX) and PepsiCo, Inc. (NYSE: PEP) today announced they have entered into an agreement for the marketing, sale and distribution of Starbucks® ready-to-drink (RTD) coffee and energy beverages including Starbucks® Frappuccino® chilled coffee drinks, Starbucks Double Shot® Espresso and Cream, and Starbucks Refreshers® beverages in Latin America. The RTD coffee and energy beverage category in Latin America is an estimated US$4 billion business and is projected to grow by 22% over the next five years.*

The agreement leverages the respective strengths of Starbucks and PepsiCo to... More