Starbucks Stock: Coffee Lovers’ Dividend Stock Dream – Dividend Investing
Summary
Starbucks had a marvelous 2021 year. Further, quarter 1 2022 has already provided significant and promising results.
Starbucks stock is down 20% so far in 2022.
There are plenty of negative headwinds right now for Starbucks.
leekris/iStock Editorial via Getty Images Starbucks (NASDAQ: SBUX ) had a marvelous 2021 year. Further, quarter 1 2022 has already provided significant and promising results. Starbucks coffee lovers are still waiting in long lines in a post-pandemic, inflation-infiltrated time period that we are in. Revenue is up over 19% for quarter 1, bringing in over $8 billion of revenue, net earnings up 30% since the same-linked quarter, but one item doesn’t make sense.
Starbucks stock is down 20% so far in 2022! Hence why this might be a great dividend growth stock to buy now! Check out the article! Starbucks Stock
Talk about falling from highs. In fact, the 52-week high for Starbucks stock was $126. The stock is now down almost $33 per share or 26%! What is going on with Starbucks stock?!
Investors and analysts are predicting lower earnings for this coffee and global icon giant. Starbucks slightly reduced their guidance for 2022, though they crushed quarter 1 for 2022, which is interesting. The company is facing strong headwinds from supply chain and – due to that – inflation, aka rising costs. In addition, the labor market is absolutely crazy right now, with unions and employees with almost all of the leverage.Therefore, the stock price has plummeted in 2022, which has dividend investors very happy. Why? Dividend investors love when dividend growth stocks go on sale. Could this be a chance to buy passive income, for less, relating to Starbucks stock? Time for a dividend stock analysis on Starbucks stock.Starbucks Dividend Stock AnalysisAs you know, it’s time to review Starbucks with the […]
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