Starbucks (NASDAQ:SBUX) Trading Up 0.5%

Starbucks Co. (NASDAQ:SBUX - Get Free Report)'s share price traded up 0.5% during trading on Tuesday . The stock traded as high as $78.21 and last traded at $77.95. 1,989,675 shares were traded during trading, a decline of 80% from the average session volume of 10,026,108 shares. The stock had previously closed at $77.54.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Robert W. Baird decreased their price target on Starbucks from $106.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, March 18th. HSBC lowered their price target on Starbucks from $107.00 to $84.00 and set a "hold" rating on the stock in a report on Friday, May 3rd. Guggenheim reduced their price objective on shares of Starbucks from $100.00 to $91.00 and set a "buy" rating for the company in a research note on Friday, April 19th. Jefferies Financial Group lowered their target price on shares of Starbucks from $94.00 to $84.00 and set a "hold" rating on the stock in a research note on Wednesday, May 1st. Finally, TD Cowen dropped their target price on shares of Starbucks from $100.00 to $85.00 and set a "hold" rating on the stock in a report on Wednesday, May 1st. Seventeen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $96.43.

Starbucks Stock Up 0.2 %

The company has a market capitalization of $88.03 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 1.68 and a beta of 0.97. The business has a fifty day simple moving average of $84.79 and a two-hundred day simple moving average of $92.22.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The coffee company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.11). The company had revenue of $8.56 billion during the quarter, compared to analyst estimates of $9.12 billion. Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. Starbucks's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 EPS. As a group, equities analysts predict that Starbucks Co. will post 3.63 earnings per share 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 issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks's dividend payout ratio is currently 62.81%.

Insiders Place Their Bets

In other news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction that occurred on 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 $6,933,582.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 4,000 shares of company stock valued at $346,140. 1.98% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBUX. Atria Investments Inc increased its holdings in shares of Starbucks by 9.7% in the first quarter. Atria Investments Inc now owns 141,786 shares of the coffee company's stock valued at $12,961,000 after purchasing an additional 12,550 shares in the last quarter. Swedbank AB bought a new stake in shares of Starbucks during the first quarter worth $52,112,000. Sanibel Captiva Trust Company Inc. lifted its stake in shares of Starbucks by 0.9% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 328,373 shares of the coffee company's stock valued at $30,010,000 after acquiring an additional 2,927 shares during the period. LRI Investments LLC bought a new position in Starbucks in the first quarter valued at about $77,000. Finally, Strategic Wealth Partners Ltd. increased its position in Starbucks by 35.6% in the first quarter. Strategic Wealth Partners Ltd. now owns 65,900 shares of the coffee company's stock worth $6,023,000 after purchasing an additional 17,302 shares during the period. Institutional investors and hedge funds 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.