Starbucks (NASDAQ:SBUX) Shares Up 0.1%

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

Analysts Set New Price Targets

Several brokerages have issued reports on SBUX. Gordon Haskett cut Starbucks from a "buy" rating to a "hold" rating and set a $100.00 target price on the stock. in a research report on Tuesday, January 16th. Robert W. Baird dropped their target price on Starbucks from $106.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, March 18th. Royal Bank of Canada reissued a "sector perform" rating and issued a $102.00 target price on shares of Starbucks in a research report on Wednesday, January 31st. Stephens reissued an "equal weight" rating and issued a $110.00 target price on shares of Starbucks in a research report on Wednesday, January 31st. Finally, Citigroup dropped their target price on Starbucks from $102.00 to $95.00 and set a "neutral" rating on the stock in a research report on Friday, April 12th. Fourteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Starbucks has a consensus rating of "Hold" and a consensus price target of $106.68.

Starbucks Trading Up 1.0 %

The firm has a 50 day moving average of $90.57 and a 200-day moving average of $94.35. The company has a market cap of $100.48 billion, a P/E ratio of 23.73, a P/E/G ratio of 1.44 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). The business had revenue of $9.43 billion for the quarter, compared to the consensus estimate of $9.60 billion. Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $0.75 EPS. Equities analysts predict that Starbucks Co. will post 3.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks's payout ratio is 60.96%.

Insiders Place Their Bets

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $85.39, for a total value of $277,517.50. Following the sale, the chief executive officer now owns 81,199 shares of the company's stock, valued at approximately $6,933,582.61. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 7,250 shares of company stock valued at $651,738 in the last quarter. 1.98% of the stock is currently owned by insiders.

Institutional Trading of Starbucks

A number of large investors have recently added to or reduced their stakes in SBUX. Cerity Partners LLC increased its position in shares of Starbucks by 481.9% during the 4th quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company's stock valued at $148,567,000 after purchasing an additional 1,281,471 shares during the last quarter. Metis Global Partners LLC increased its position in shares of Starbucks by 15.4% during the 3rd quarter. Metis Global Partners LLC now owns 56,939 shares of the coffee company's stock valued at $5,197,000 after purchasing an additional 7,619 shares during the last quarter. Tyche Wealth Partners LLC bought a new position in shares of Starbucks during the 4th quarter valued at approximately $794,000. Insigneo Advisory Services LLC increased its position in shares of Starbucks by 60.6% during the 3rd quarter. Insigneo Advisory Services LLC now owns 9,464 shares of the coffee company's stock valued at $864,000 after purchasing an additional 3,570 shares during the last quarter. Finally, Motco boosted its holdings in Starbucks by 1.1% during the 3rd quarter. Motco now owns 74,829 shares of the coffee company's stock valued at $6,830,000 after acquiring an additional 811 shares during the period. Institutional investors own 72.29% of the company's stock.

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.