Starbucks (NASDAQ:SBUX) Hires Robert Gates to Board of Directors- SBUX, CMG, YUM, MCD, LULU, PNRA, GMCR

Starbucks Corporation (NASDAQ:SBUX) said on Wednesday that Robert M. Gates, former US Secretary of Defense and present chancellor of the College of William & Mary, was selected to the Starbucks Board of Directors. He will serve up on the Board’s Nominating and Corporate Governance Committee.

Howard Schultz, CEO of the Seattle coffee giant (NASDAQ: BUX) reported Starbucks was honored and humbled to have Gates, who gave services as Defense secretary below both President George W. Bush and President Obama, join the board.

Sector analysis, over all sector moved up, Chipotle Mexican Grill, Inc. (NYSE:CMG) surged +0.69%, Yum! Brands, Inc. (NYSE:YUM) rose +0.19%, McDonald’s Corporation (NYSE:MCD) grew +0.32%, Lululemon Athletica inc. (NASDAQ:LULU) edged up +4.44%, Panera Bread Co (NASDAQ:PNRA) which also increased +0.96% and Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) slipped -0.44%.

Starbucks Corporation (NASDAQ:SBUX) stock’s trade at beginning with a price of $57.63 and throughout the trading session climbed at a high of $58.15 other than when day-trade ended the stock finally advanced 0.45% to $57.92.

Shares price of SBUX moved down from its 20 days moving average with -1.30% and remote positively from 50 days moving average with 6.08%. SBUX current year earnings per share experienced an addition with 30.80% while its current quarter performance remained 20.49%.

SBUX had a trade volume of 6.96 million shares was lesser as compared to average trading capacity of 9.24 million shares.
SBUX last month stock price volatility remained 2.58%. In its share capital SBUX has 753.40 million outstanding shares among them 732.77 million shares have been floated in market exchange. SBUX stock institutional ownership remained 78.06% while insider ownership included 2.47%.

The stock is ahead its 52 week low with 73.06% and lagging behind from its 52 week high price with -6.58%. Company’s beta coefficient included 1.21. Beta factors measures the amount of market risk associated with market trade.

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