Starbucks (NASDAQ:SBUX) Stock Price Up 0.4%

Starbucks Co. (NASDAQ:SBUX - Get Free Report) shares rose 0.4% during trading on Monday . The company traded as high as $76.84 and last traded at $76.40. Approximately 3,743,583 shares traded hands during trading, a decline of 62% from the average daily volume of 9,965,486 shares. The stock had previously closed at $76.11.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price objective on Starbucks from $100.00 to $92.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 1st. Stephens restated an "equal weight" rating and set a $110.00 price objective on shares of Starbucks in a report on Wednesday, January 31st. William Blair cut shares of Starbucks from an "outperform" rating to a "market perform" rating in a research note on Wednesday, May 1st. Piper Sandler decreased their price target on shares of Starbucks from $88.00 to $85.00 and set a "neutral" rating for the company in a research note on Monday, May 6th. Finally, UBS Group dropped their price objective on Starbucks from $95.00 to $85.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 1st. Seventeen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $96.43.

Starbucks Stock Up 0.1 %

The business has a fifty day moving average of $86.91 and a 200 day moving average of $93.13. The company has a market cap of $86.29 billion, a P/E ratio of 20.96, a P/E/G ratio of 1.64 and a beta of 0.97.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The coffee company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.11). Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The company had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $9.12 billion. During the same quarter last year, the company posted $0.74 earnings per share. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Starbucks Co. will post 3.63 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.57 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.28 annualized dividend and a yield of 2.99%. Starbucks's payout ratio is 62.81%.

Insider Activity

In related news, insider Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the completion of the transaction, the insider now directly owns 84,153 shares of the company's stock, valued at approximately $7,912,906.59. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 7,250 shares of company stock worth $651,738. Corporate insiders own 1.98% of the company's stock.

Hedge Funds Weigh In On Starbucks

A number of hedge funds have recently bought and sold shares of SBUX. Orca Investment Management LLC lifted its position in Starbucks by 6.6% in the 4th quarter. Orca Investment Management LLC now owns 7,494 shares of the coffee company's stock valued at $719,000 after acquiring an additional 466 shares in the last quarter. Cerity Partners LLC raised its position in Starbucks by 481.9% in the 4th quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company's stock worth $148,567,000 after buying an additional 1,281,471 shares during the last quarter. Metis Global Partners LLC lifted its stake in 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 acquiring an additional 7,619 shares during the period. Summa Corp. bought a new stake in shares of Starbucks in the fourth quarter worth approximately $384,000. Finally, FFT Wealth Management LLC purchased a new stake in Starbucks in the fourth quarter worth approximately $209,000. 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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