Starbucks Corporation (NASDAQ:SBUX), based in Seattle, Washington, summarized the details of its planned action into Vietnam’s bustling coffee market, mentioning it will open its primary cafe there early coming month, a bit later than its originally estimated timeline of 2012.
The coffee chain will open the store in Ho Chi Minh City, along with associate Hong Kong Maxim’s Group.
The action continues Starbucks’ growth in the Asia-Pacific region, as the corporation now will have over 3,300 stores more than 12 countries, including almost 700 in China alone.
President of the China and Asia Pacific region John Culver reported that they have been in the area going on 16 years, and given their success in Thailand, Singapore and Malaysia.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) rose +5.20% to settle at $43.49, Dunkin Brands Group Inc (NASDAQ:DNKN) moved up +0.84% to end at $33.46 while The J.M. Smucker Company (NYSE:SJM) jumped +3.97% to finish at $89.66 on Wednesday.
Starbucks Corporation (NASDAQ:SBUX) on Jan 02, 2013 increased +2.55% to the closing price of $55.00. The overall volume in the last trading session was 6.63 million shares. Its fifty two weeks range was $43.04-$62.00. The total market capitalization remained at $40.90 billion.
SBUX is ahead of its 52-week low with 28.83% and lagging behind from its 52-week high price with -10.30%. SBUX’s last month’s stock price volatility remained 2.01%. In its share capital SBUX has 743.60 million outstanding shares, among them 722.66 million shares have been floated in market exchange. SBUX’s stock’s institutional ownership remained 76.55% while insider ownership included 0.12%.
The stock price of SBUX is moving forward from its 20 days moving average with 3.32% and remote positively from 50 days moving average with 8.49%. SBUX’s current year’s earnings per share experienced an addition with 10.61% while its current quarter performance remained at 8.91%. Company’s beta coefficient included 1.20. Beta factors measure the amount of market risk associated with market trade.
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