Starbucks (NASDAQ:SBUX) Shares Up 0.5%

Starbucks Co. (NASDAQ:SBUX - Get Free Report)'s stock price shot up 0.5% during mid-day trading on Friday . The company traded as high as $76.31 and last traded at $76.04. 5,076,805 shares were traded during trading, a decline of 49% from the average session volume of 9,918,914 shares. The stock had previously closed at $75.68.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SBUX. Guggenheim cut their price objective on Starbucks from $100.00 to $91.00 and set a "buy" rating for the company in a research note on Friday, April 19th. HSBC dropped their price target on Starbucks from $107.00 to $84.00 and set a "hold" rating for the company in a research note on Friday, May 3rd. Stifel Nicolaus dropped their price target on Starbucks from $90.00 to $80.00 and set a "hold" rating for the company in a research note on Wednesday, May 1st. Evercore ISI decreased their price objective on Starbucks from $120.00 to $92.00 and set an "outperform" rating on the stock in a report on Wednesday, May 1st. Finally, Barclays decreased their price objective on Starbucks from $116.00 to $112.00 and set an "overweight" rating on the stock in a report on Wednesday, January 31st. Seventeen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $96.43.

Starbucks Stock Up 0.6 %

The firm has a 50-day moving average of $87.25 and a two-hundred day moving average of $93.27. The company has a market capitalization of $86.21 billion, a PE ratio of 20.95, a PEG ratio of 1.58 and a beta of 0.97.

Starbucks (NASDAQ:SBUX - Get Free Report) 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 company had revenue of $8.56 billion for the quarter, compared to analysts' expectations of $9.12 billion. During the same quarter in the prior year, the business posted $0.74 earnings per share. The firm's revenue was down 1.8% compared to the same quarter last year. Equities analysts predict that Starbucks Co. will post 3.63 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.00%. The ex-dividend date is Thursday, May 16th. Starbucks's payout ratio is currently 62.81%.

Insider Transactions at Starbucks

In other 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 directly owns 81,199 shares of the company's stock, valued at $6,933,582.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 7,250 shares of company stock valued at $651,738 over the last ninety days. Insiders own 1.98% of the company's stock.

Hedge Funds Weigh In On Starbucks

Institutional investors have recently added to or reduced their stakes in the stock. Willow Creek Wealth Management Inc. raised its position in Starbucks by 3.0% in the third quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company's stock valued at $302,000 after purchasing an additional 97 shares during the period. Valley Brook Capital Group Inc. raised its position in Starbucks by 2.4% in the third 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 during the period. Charles Schwab Investment Advisory Inc. raised its position in Starbucks by 4.6% in the third 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 period. Herold Advisors Inc. raised its position in Starbucks by 4.3% in the third quarter. Herold Advisors Inc. now owns 2,422 shares of the coffee company's stock valued at $221,000 after purchasing an additional 100 shares during the period. Finally, Rodgers Brothers Inc. raised its position in 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 purchasing an additional 100 shares during the period. Hedge funds and other 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.

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