Starbucks (NASDAQ:SBUX) Shares Down 0.2%

Shares of Starbucks Co. (NASDAQ:SBUX) fell 0.2% during mid-day trading on Tuesday . The stock traded as low as $87.32 and last traded at $88.01. 1,408,367 shares were traded 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.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SBUX shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $102.00 price target on shares of Starbucks in a research report on Wednesday, January 31st. Stephens reaffirmed an “equal weight” rating and set a $110.00 target price on shares of Starbucks in a research report on Wednesday, January 31st. Robert W. Baird reduced their price objective on shares of Starbucks from $106.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. Barclays lowered their target price on shares of Starbucks from $116.00 to $112.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 31st. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $105.00 target price on shares of Starbucks in a research report on Monday, April 1st. Fourteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $106.68.

Starbucks Stock Performance

The stock has a market cap 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 company has a 50-day simple moving average of $90.80 and a 200-day simple moving average of $94.42.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data 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). The company had revenue of $9.43 billion during the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS. As a group, sell-side analysts expect that Starbucks Co. will post 4.01 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The firm 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. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is 60.96%.

Insider Buying and Selling at Starbucks

In other news, insider Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $94.03, for a total transaction of $305,597.50. Following the completion of the transaction, the insider now directly owns 84,153 shares in the company, valued at approximately $7,912,906.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders sold 7,000 shares of company stock worth $629,738. Insiders own 1.98% of the company’s stock.

Hedge Funds Weigh In On Starbucks

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vima LLC bought a new position in shares of Starbucks during the 4th quarter valued at about $26,000. Scarborough Advisors LLC bought a new position in Starbucks during the 4th quarter worth about $26,000. DSM Capital Partners LLC acquired a new stake in shares of Starbucks in the 4th quarter valued at about $27,000. Riggs Asset Managment Co. Inc. grew its holdings in shares of Starbucks by 1,578.9% during the third quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock worth $29,000 after buying an additional 300 shares in the last quarter. Finally, Fairman Group LLC bought a new stake in Starbucks in the 4th quarter valued at approximately $30,000. 72.29% of the stock is owned by 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.