Starbucks (NASDAQ:SBUX) Stock Price Down 0.2%

Starbucks Co. (NASDAQ:SBUX)’s share price fell 0.2% on Tuesday . The stock traded as low as $87.32 and last traded at $88.01. 1,408,367 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 8,364,376 shares. The stock had previously closed at $88.18.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SBUX shares. Oppenheimer restated a “market perform” rating on shares of Starbucks in a research report on Friday. Stifel Nicolaus dropped their target price on shares of Starbucks from $102.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, April 11th. BMO Capital Markets decreased their price target on shares of Starbucks from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 31st. Morgan Stanley reduced their target price on Starbucks from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, Barclays reduced their price objective on Starbucks from $116.00 to $112.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 31st. Fourteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $106.68.

Starbucks Price Performance

The firm has a market capitalization of $99.62 billion, a P/E ratio of 23.53, a P/E/G ratio of 1.42 and a beta of 0.98. The stock’s fifty day simple moving average is $90.80 and its 200 day simple moving average is $94.42.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). The firm had revenue of $9.43 billion for the quarter, compared to the consensus estimate of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 EPS. As a group, sell-side analysts forecast that Starbucks Co. will post 4.01 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.59%. The ex-dividend date is Thursday, May 16th. Starbucks’s dividend payout ratio is currently 60.96%.

Insider Activity at Starbucks

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $85.39, for a total transaction of $277,517.50. Following the sale, the chief executive officer now owns 81,199 shares of the company’s stock, valued at approximately $6,933,582.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold 7,000 shares of company stock valued at $629,738 in the last three months. 1.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Willow Creek Wealth Management Inc. boosted its holdings in Starbucks by 3.0% in the third quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company’s stock valued at $302,000 after purchasing an additional 97 shares during the last quarter. Valley Brook Capital Group Inc. boosted its stake in shares of Starbucks by 2.4% in the third quarter. Valley Brook Capital Group Inc. now owns 4,200 shares of the coffee company’s stock worth $383,000 after buying an additional 100 shares during the last quarter. Charles Schwab Investment Advisory Inc. grew its holdings in Starbucks by 4.6% during the third quarter. Charles Schwab Investment Advisory Inc. now owns 2,260 shares of the coffee company’s stock worth $206,000 after acquiring an additional 100 shares during the period. Herold Advisors Inc. raised its position in Starbucks by 4.3% during the third quarter. Herold Advisors Inc. now owns 2,422 shares of the coffee company’s stock valued at $221,000 after acquiring an additional 100 shares in the last quarter. Finally, Rodgers Brothers Inc. lifted its holdings in Starbucks by 1.2% in the third quarter. Rodgers Brothers Inc. now owns 8,269 shares of the coffee company’s stock valued at $755,000 after acquiring an additional 100 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.