Starbucks Co. (NASDAQ:SBUX - Get Free Report)'s share price rose 0.3% on Monday . The stock traded as high as $74.19 and last traded at $73.34. Approximately 5,854,907 shares were traded during trading, a decline of 38% from the average daily volume of 9,423,142 shares. The stock had previously closed at $73.11.
Analyst Upgrades and Downgrades
SBUX has been the topic of a number of recent analyst reports. Barclays cut their price objective 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. Evercore ISI dropped their price objective on Starbucks from $120.00 to $92.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 1st. HSBC decreased their target price on Starbucks from $107.00 to $84.00 and set a "hold" rating for the company in a research note on Friday. 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. Finally, BTIG Research reduced their price objective on shares of Starbucks from $115.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, May 1st. Seventeen analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $96.43.
View Our Latest Analysis on Starbucks
Starbucks Price Performance
The stock's fifty day moving average is $88.89 and its 200-day moving average is $93.84. The stock has a market capitalization of $82.57 billion, a P/E ratio of 20.08, a PEG ratio of 1.58 and a beta of 0.97.
Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.11). The company had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $9.12 billion. Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 EPS. On average, research analysts expect that Starbucks Co. will post 3.63 EPS for the current year.
Starbucks Dividend Announcement
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 3.13%. Starbucks's dividend payout ratio (DPR) is presently 62.81%.
Insider Transactions at Starbucks
In related news, CEO Michael Aaron Conway sold 3,250 shares of the business's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $85.39, for a total transaction of $277,517.50. Following the transaction, the chief executive officer now directly owns 81,199 shares in the company, valued at $6,933,582.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 7,250 shares of company stock worth $651,738. Insiders own 1.98% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SBUX. Vima LLC bought a new stake in Starbucks during the 4th quarter worth approximately $26,000. Scarborough Advisors LLC bought a new stake in Starbucks during the 4th quarter worth about $26,000. DSM Capital Partners LLC acquired a new stake in Starbucks in the 4th quarter valued at about $27,000. Riggs Asset Managment Co. Inc. lifted its position 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 purchasing an additional 300 shares in the last quarter. Finally, Fairman Group LLC bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $30,000. Institutional investors own 72.29% of the company's stock.
About Starbucks
(
Get Free Report)
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.
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