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6 Food Stocks That Could Rise

Stocks in this article: THSSBUXCBOUFDPGMCRDOLE

5. Starbucks (SBUX) is the world's leading roaster and retailer of specialty coffee with operations in more than 50 countries. The company conducts its business through three segments: U.S., International, and Global Consumer Products Group.

Total revenue for the third quarter of 2011 was reported at $2.9 billion, increasing 12.3% from the year-ago quarter. Net earnings stood at $279.1 million, or 36 cents per share, up 34.2% from $207.9 million, or 27 cents per share, in the same quarter a year earlier. The company's operating margin improved 300 basis points in the U.S. and 200 basis points in the international segment during the quarter.

The company recently introduced a more convenient online shopping experience by redesigning With its growing digital presence, the company expects to attract and connect with more customers in unique ways. Besides, SBUX recently acquired 100% ownership and operating control of Starbucks Coffee Switzerland and Starbucks Coffee Austria.

The company will pay a dividend of 13 cents per share on Aug. 26, 2011. For 2011, SBUX expects its new-store count to reach 600, with 100 in the U.S and the remainder worldwide. Earnings per share are expected to range from $1.50 to $1.51, topping the earlier estimate of 15% to 20% growth. Revenue for the year is estimated to grow by about 10%, led by comparable store sales growth at the high end of its target range of 3% to 7%.

Of the 26 analysts covering the stock, 62% rate it a buy and the rest rate it a hold. There are no sell ratings on the stock.

The average 12-month price target of analysts polled by Bloomberg is $45.47, 16.9% greater than recent levels.

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