Starbucks (NASDAQ:SBUX) Stock Price Up 0.4%

Starbucks Co. (NASDAQ:SBUX - Get Free Report)'s stock price rose 0.4% during mid-day trading on Monday . The company traded as high as $88.12 and last traded at $87.93. Approximately 1,735,369 shares traded hands during trading, a decline of 79% from the average daily volume of 8,366,399 shares. The stock had previously closed at $87.61.

Wall Street Analysts Forecast Growth

Several research firms have commented on SBUX. Wells Fargo & Company reaffirmed an "overweight" rating and set a $105.00 price target on shares of Starbucks in a research report on Monday, April 1st. Piper Sandler reduced their price target on shares of Starbucks from $107.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, January 19th. Wedbush reissued a "neutral" rating and set a $95.00 price objective on shares of Starbucks in a research report on Wednesday, January 31st. Citigroup dropped their price objective on shares of Starbucks from $102.00 to $95.00 and set a "neutral" rating on the stock in a research note on Friday, April 12th. Finally, TD Cowen reissued a "hold" rating and set a $100.00 price target on shares of Starbucks in a report on Thursday, April 11th. Fourteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $106.68.

Starbucks Trading Up 0.7 %

The stock's 50-day moving average price is $90.94 and its 200-day moving average price is $94.45. The company has a market capitalization of $99.84 billion, a P/E ratio of 23.51, a P/E/G ratio of 1.42 and a beta of 0.97.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing analysts' consensus estimates 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 business's revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Sell-side analysts expect that Starbucks Co. will post 4.01 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued 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 dividend yield of 2.59%. Starbucks's dividend payout ratio (DPR) is presently 60.96%.

Insider Buying and Selling

In related news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $85.39, for a total value of $277,517.50. Following the completion of the transaction, the chief executive officer now owns 81,199 shares in the company, valued at approximately $6,933,582.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 7,000 shares of company stock valued at $629,738 in the last three months. 1.98% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Willow Creek Wealth Management Inc. increased its holdings in shares of Starbucks by 3.0% during the third quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company's stock worth $302,000 after buying an additional 97 shares in the last quarter. Valley Brook Capital Group Inc. increased its holdings in Starbucks by 2.4% during 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 in the last quarter. Charles Schwab Investment Advisory Inc. raised its position in 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 holdings in shares of Starbucks by 4.3% during the third quarter. Herold Advisors Inc. now owns 2,422 shares of the coffee company's stock worth $221,000 after purchasing an additional 100 shares during the last quarter. Finally, Rodgers Brothers Inc. increased its stake in shares of 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 buying an additional 100 shares in the last quarter. Institutional investors own 72.29% of the company's stock.

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.