Starbucks (NASDAQ:SBUX) Shares Down 0.3%

Shares of Starbucks Co. (NASDAQ:SBUX - Get Free Report) fell 0.3% during mid-day trading on Tuesday . The stock traded as low as $75.91 and last traded at $75.96. 2,498,479 shares changed hands during trading, a decline of 75% from the average session volume of 9,962,390 shares. The stock had previously closed at $76.18.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SBUX. 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. BTIG Research dropped their price target on shares of Starbucks from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, May 1st. Gordon Haskett lowered shares of Starbucks from a "buy" rating to a "hold" rating and set a $100.00 price objective for the company. in a research note on Tuesday, January 16th. Jefferies Financial Group decreased their price target on Starbucks from $94.00 to $84.00 and set a "hold" rating on the stock in a research report on Wednesday, May 1st. Finally, Guggenheim reduced their price target on shares of Starbucks from $100.00 to $91.00 and set a "buy" rating for the company in a research report on Friday, April 19th. Seventeen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Starbucks presently has a consensus rating of "Hold" and a consensus target price of $96.43.

Starbucks Stock Down 0.7 %

The company has a fifty day simple moving average of $86.59 and a 200-day simple moving average of $93.01. The firm has a market cap of $85.67 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 1.64 and a beta of 0.97.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.11). The firm had revenue of $8.56 billion during the quarter, compared to analysts' expectations of $9.12 billion. Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The company's revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 earnings per share. As a group, research analysts forecast that Starbucks Co. will post 3.63 EPS for the current year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks's dividend payout ratio (DPR) is 62.81%.

Insiders Place Their Bets

In related news, CEO Michael Aaron Conway sold 3,250 shares of the 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 completion of the sale, the chief executive officer now owns 81,199 shares in the company, valued at $6,933,582.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 7,250 shares of company stock worth $651,738. Corporate insiders own 1.98% of the company's stock.

Institutional Trading of Starbucks

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Commonwealth Financial Corp PA lifted its position in shares of Starbucks by 60.6% in the first quarter. First Commonwealth Financial Corp PA now owns 7,822 shares of the coffee company's stock worth $715,000 after buying an additional 2,953 shares in the last quarter. EP Wealth Advisors LLC boosted its position in shares of Starbucks by 5.7% during the 1st quarter. EP Wealth Advisors LLC now owns 627,899 shares of the coffee company's stock valued at $57,384,000 after acquiring an additional 33,858 shares during the last quarter. Wellington Wealth Strategies LLC. purchased a new position in shares of Starbucks in the first quarter valued at $576,000. Covington Investment Advisors Inc. increased its position in Starbucks by 5.3% in the first quarter. Covington Investment Advisors Inc. now owns 65,259 shares of the coffee company's stock worth $5,964,000 after purchasing an additional 3,285 shares during the last quarter. Finally, EntryPoint Capital LLC raised its stake in Starbucks by 47.6% during the first quarter. EntryPoint Capital LLC now owns 1,765 shares of the coffee company's stock valued at $161,000 after purchasing an additional 569 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

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.