I've been quite happy with the growth and subsequent returns since starting a position in Starbucks. However, those are historic returns and have no bearing on whether the company is attractive at current prices. Since hitting a 52-week high of $64.00 in October 2015, the share price has retreated back to $55.86 as of the close on Friday, February 12th. That's a decline of 12.7% and piqued my interest in updating my valuation on the company.
Starbucks is a Dividend Challenger with 6 consecutive years of dividend growth and a 5 year dividend growth rate of 30% annually.
Continue reading the article on Seeking Alpha.
You can check out more of my stock and valuation analyses on my Stock Analysis page.