Starbucks (NASDAQ:SBUX) Stock Price Down 0.2%

Starbucks Co. (NASDAQ:SBUX - Get Free Report)'s share price dropped 0.2% during trading on Tuesday . The company traded as low as $87.32 and last traded at $88.01. Approximately 1,408,367 shares were traded during trading, a decline of 83% from the average daily volume of 8,364,376 shares. The stock had previously closed at $88.18.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SBUX. BMO Capital Markets dropped their price objective on shares of Starbucks from $125.00 to $120.00 and set an "outperform" rating on the stock in a report on Wednesday, January 31st. TD Cowen restated a "hold" rating and issued a $100.00 target price on shares of Starbucks in a research note on Thursday, April 11th. Stifel Nicolaus decreased their price target on shares of Starbucks from $102.00 to $90.00 and set a "hold" rating for the company in a research note on Thursday, April 11th. Piper Sandler reduced their target price on shares of Starbucks from $107.00 to $100.00 and set a "neutral" rating for the company in a report on Friday, January 19th. Finally, Robert W. Baird decreased their price objective on Starbucks from $106.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, March 18th. Fourteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $106.68.

Starbucks Stock Performance

The firm has a market cap of $99.49 billion, a P/E ratio of 23.49, a P/E/G ratio of 1.42 and a beta of 0.98. The company's 50 day moving average is $90.68 and its 200 day moving average is $94.39.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The coffee company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.02). Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The firm had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same period last year, the business earned $0.75 EPS. The company's revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts anticipate that Starbucks Co. will post 4.01 EPS for the current year.

Starbucks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 annualized dividend and a yield of 2.59%. Starbucks's dividend payout ratio is presently 60.96%.

Insider Buying and Selling

In related news, CEO Michael Aaron Conway sold 3,250 shares of the firm's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $85.39, for a total transaction of $277,517.50. Following the completion of the transaction, the chief executive officer now directly owns 81,199 shares of the company's stock, valued at approximately $6,933,582.61. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 7,000 shares of company stock valued at $629,738 over the last 90 days. 1.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its stake in Starbucks by 481.9% in the fourth quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company's stock valued at $148,567,000 after buying an additional 1,281,471 shares during the period. Metis Global Partners LLC grew its stake in shares of Starbucks by 15.4% in the 3rd quarter. Metis Global Partners LLC now owns 56,939 shares of the coffee company's stock valued at $5,197,000 after buying an additional 7,619 shares during the period. Tyche Wealth Partners LLC acquired a new position in Starbucks during the 4th quarter worth approximately $794,000. Insigneo Advisory Services LLC boosted its holdings in Starbucks by 60.6% in the third quarter. Insigneo Advisory Services LLC now owns 9,464 shares of the coffee company's stock worth $864,000 after acquiring an additional 3,570 shares in the last quarter. Finally, Motco grew its stake in Starbucks by 1.1% in the third 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.