Starbucks (NASDAQ:SBUX) Trading Up 0.1%

Starbucks Co. (NASDAQ:SBUX)’s share price was up 0.1% during trading on Wednesday . The company traded as high as $87.97 and last traded at $87.96. Approximately 1,477,731 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 8,333,851 shares. The stock had previously closed at $87.87.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SBUX shares. Morgan Stanley cut their price objective on Starbucks from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Gordon Haskett lowered Starbucks from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research note on Tuesday, January 16th. Guggenheim lowered their price target on Starbucks from $100.00 to $91.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Stifel Nicolaus lowered their price target on Starbucks from $102.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $95.00 price target on shares of Starbucks in a research note on Wednesday, January 31st. Fourteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $106.68.

Starbucks Stock Performance

The firm has a market cap of $99.41 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 1.49 and a beta of 0.97. The firm has a 50-day moving average price of $90.46 and a two-hundred day moving average price of $94.30.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.02). Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The business had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same period last year, the business posted $0.75 EPS. Starbucks’s revenue was up 8.2% on a year-over-year basis. Research analysts anticipate that Starbucks Co. will post 3.99 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a dividend of $0.57 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a yield of 2.60%. Starbucks’s dividend payout ratio is presently 60.96%.

Insider Buying and Selling

In related news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $85.39, for a total transaction of $277,517.50. Following the transaction, the chief executive officer now owns 81,199 shares in the company, valued at approximately $6,933,582.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 7,250 shares of company stock worth $651,738 in the last quarter. 1.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

About Starbucks

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.