Starbucks (NASDAQ:SBUX) Trading Down 0.3%

Starbucks Co. (NASDAQ:SBUX - Get Free Report)'s stock price traded down 0.3% during trading on Wednesday . The stock traded as low as $75.32 and last traded at $75.43. 2,618,200 shares were traded during trading, a decline of 74% from the average session volume of 9,977,235 shares. The stock had previously closed at $75.63.

Analysts Set New Price Targets

SBUX has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Starbucks from $95.00 to $85.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft cut Starbucks from a "buy" rating to a "hold" rating and cut their price target for the company from $108.00 to $89.00 in a report on Wednesday, May 1st. Oppenheimer restated a "market perform" rating on shares of Starbucks in a research note on Friday, April 19th. Jefferies Financial Group cut their target price on Starbucks from $94.00 to $84.00 and set a "hold" rating for the company in a research report on Wednesday, May 1st. Finally, HSBC cut their price objective on Starbucks from $107.00 to $84.00 and set a "hold" rating for the company in a report on Friday, May 3rd. Seventeen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Starbucks presently has a consensus rating of "Hold" and a consensus price target of $96.43.

Starbucks Trading Up 0.1 %

The stock's 50 day moving average is $86.27 and its two-hundred day moving average is $92.90. The stock has a market capitalization of $85.75 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 1.64 and a beta of 0.97.

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

Starbucks Announces Dividend

The business 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 $0.57 dividend. 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 is currently 62.81%.

Insider Activity at Starbucks

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $94.03, for a total transaction of $305,597.50. Following the transaction, the insider now owns 84,153 shares of the company's stock, valued at approximately $7,912,906.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 7,250 shares of company stock valued at $651,738. Insiders own 1.98% of the company's stock.

Institutional Investors Weigh In On Starbucks

A number of institutional investors and hedge funds have recently modified their holdings of the company. Congress Wealth Management LLC DE boosted its position in Starbucks by 6.8% during the third quarter. Congress Wealth Management LLC DE now owns 7,410 shares of the coffee company's stock worth $676,000 after purchasing an additional 472 shares during the period. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Starbucks by 30.2% during the third quarter. Kornitzer Capital Management Inc. KS now owns 24,485 shares of the coffee company's stock worth $2,235,000 after acquiring an additional 5,680 shares during the period. Malaga Cove Capital LLC bought a new stake in Starbucks in the 3rd quarter valued at $313,000. Community Bank & Trust Waco Texas grew its holdings in Starbucks by 11.7% in the 3rd quarter. Community Bank & Trust Waco Texas now owns 2,646 shares of the coffee company's stock valued at $223,000 after buying an additional 277 shares in the last quarter. Finally, First American Trust FSB lifted its holdings in shares of Starbucks by 27.0% during the third quarter. First American Trust FSB now owns 3,359 shares of the coffee company's stock worth $307,000 after buying an additional 715 shares in the last quarter. 72.29% of the stock is 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.

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