Starbucks (NASDAQ:SBUX) Trading Up 0.2%

Starbucks Co. (NASDAQ:SBUX)’s stock price traded up 0.2% during mid-day trading on Tuesday . The company traded as high as $77.14 and last traded at $76.68. 2,292,048 shares changed hands during trading, a decline of 78% from the average session volume of 10,578,063 shares. The stock had previously closed at $76.55.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SBUX shares. BTIG Research cut their target price on Starbucks from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. DZ Bank downgraded shares of Starbucks from a “buy” rating to a “hold” rating and set a $75.00 price objective on the stock. in a research report on Friday, May 3rd. Oppenheimer reaffirmed a “market perform” rating on shares of Starbucks in a report on Friday, April 19th. Citigroup cut their price target on shares of Starbucks from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday. Finally, BMO Capital Markets decreased their price objective on shares of Starbucks from $120.00 to $100.00 and set an “outperform” rating for the company in a report on Monday. Seventeen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $91.71.

Starbucks Stock Down 1.8 %

The company has a market cap of $83.05 billion, a PE ratio of 20.40, a P/E/G ratio of 1.73 and a beta of 0.94. The business’s fifty day moving average is $77.99 and its 200-day moving average is $85.47.

Starbucks (NASDAQ:SBUX) last issued 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). The business had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $9.12 billion. Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 EPS. Analysts forecast that Starbucks Co. will post 3.57 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, August 16th. Starbucks’s dividend payout ratio (DPR) is currently 62.81%.

Insider Activity at Starbucks

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $80.00, for a total transaction of $260,000.00. Following the sale, the chief executive officer now owns 78,304 shares in the company, valued at approximately $6,264,320. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Rachel Ruggeri sold 3,750 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was 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 owns 65,431 shares of the company’s stock, valued at $5,234,480. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 78,304 shares in the company, valued at approximately $6,264,320. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,250 shares of company stock worth $579,375. 1.98% of the stock is owned by company insiders.

Hedge Funds Weigh In On Starbucks

Several hedge funds have recently added to or reduced their stakes in the company. Vima LLC purchased a new stake in shares of Starbucks in the fourth quarter worth approximately $26,000. Scarborough Advisors LLC bought a new stake in shares of Starbucks during the fourth quarter worth $26,000. DSM Capital Partners LLC bought a new position in shares of Starbucks in the fourth quarter worth about $27,000. Hobbs Group Advisors LLC bought a new stake in Starbucks during the 2nd quarter valued at about $27,000. Finally, Fairman Group LLC purchased a new stake in Starbucks in the 4th quarter valued at about $30,000. 72.29% of the stock is currently owned by institutional investors.

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.