Starbucks Co. (NASDAQ:SBUX) Given Consensus Recommendation of “Hold” by Brokerages

Starbucks Co. (NASDAQ:SBUX) has earned a consensus recommendation of “Hold” from the twenty-five ratings firms that are presently covering the company, MarketBeat.com reports. Sixteen investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $93.08.

SBUX has been the topic of several recent research reports. Stifel Nicolaus dropped their price target on shares of Starbucks from $90.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, May 1st. BTIG Research dropped their price target on shares of Starbucks from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Jefferies Financial Group dropped their price target on shares of Starbucks from $94.00 to $84.00 and set a “hold” rating on the stock in a research report on Wednesday, May 1st. Wells Fargo & Company dropped their target price on shares of Starbucks from $105.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Finally, Bank of America lifted their target price on shares of Starbucks from $108.00 to $112.00 and gave the stock a “buy” rating in a research report on Monday, June 10th.

Insider Activity at Starbucks

In related news, CFO Rachel Ruggeri sold 3,750 shares of Starbucks stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer now directly owns 65,431 shares in the company, valued at approximately $5,234,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $80.00, for a total value of $260,000.00. Following the completion of the transaction, the chief executive officer now directly owns 78,304 shares of the company’s stock, valued at approximately $6,264,320. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Rachel Ruggeri sold 3,750 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief financial officer now directly owns 65,431 shares of the company’s stock, valued at $5,234,480. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,500 shares of company stock worth $601,375. Corporate insiders own 1.98% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SBUX. First National Trust Co increased its holdings in Starbucks by 2.2% during the fourth quarter. First National Trust Co now owns 5,033 shares of the coffee company’s stock valued at $483,000 after buying an additional 106 shares during the last quarter. Quent Capital LLC increased its holdings in Starbucks by 2.8% during the fourth quarter. Quent Capital LLC now owns 4,004 shares of the coffee company’s stock valued at $384,000 after buying an additional 108 shares during the last quarter. Graybill Wealth Management LTD. increased its holdings in Starbucks by 0.3% during the fourth quarter. Graybill Wealth Management LTD. now owns 40,088 shares of the coffee company’s stock valued at $3,849,000 after buying an additional 109 shares during the last quarter. Omega Financial Group LLC increased its holdings in Starbucks by 3.2% during the fourth quarter. Omega Financial Group LLC now owns 3,613 shares of the coffee company’s stock valued at $347,000 after buying an additional 113 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc increased its holdings in Starbucks by 10.0% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,246 shares of the coffee company’s stock valued at $120,000 after buying an additional 113 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Starbucks Price Performance

SBUX stock opened at $75.51 on Wednesday. The stock has a market capitalization of $85.53 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 1.59 and a beta of 0.94. The company’s 50-day moving average is $77.93 and its 200-day moving average is $86.16. Starbucks has a 1 year low of $71.55 and a 1 year high of $107.66.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.11). Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The business had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $9.12 billion. During the same period in the previous year, the business posted $0.74 EPS. Starbucks’s revenue was down 1.8% compared to the same quarter last year. On average, analysts anticipate that Starbucks will post 3.58 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.28 dividend on an annualized basis and a yield of 3.02%. Starbucks’s dividend payout ratio is 62.81%.

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.