Starbucks' (SBUX) Hold Rating Reaffirmed at TD Securities

TD Securities reiterated their hold rating on shares of Starbucks (NASDAQ:SBUX - Free Report) in a report issued on Thursday, MarketBeat reports. They currently have a $90.00 target price on the coffee company's stock.

A number of other equities research analysts have also recently commented on the stock. Robert W. Baird reaffirmed a "neutral" rating and issued a $85.00 target price (down from $114.00) on shares of Starbucks in a report on Monday, April 7th. Wells Fargo & Company reduced their target price on shares of Starbucks from $125.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Baird R W cut shares of Starbucks from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Stifel Nicolaus reduced their target price on shares of Starbucks from $103.00 to $92.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Starbucks from $105.00 to $100.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Starbucks has a consensus rating of "Hold" and a consensus target price of $97.92.

Starbucks Stock Down 0.4%

SBUX traded down $0.37 on Thursday, reaching $83.68. The company had a trading volume of 7,391,512 shares, compared to its average volume of 11,126,292. Starbucks has a 1 year low of $71.55 and a 1 year high of $117.46. The stock has a market capitalization of $95.09 billion, a PE ratio of 26.99, a P/E/G ratio of 3.59 and a beta of 0.99. The stock has a 50-day moving average price of $85.54 and a 200-day moving average price of $95.60.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The company had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.90 billion. During the same period last year, the firm earned $0.68 earnings per share. Starbucks's revenue was up 2.3% on a year-over-year basis. As a group, analysts expect that Starbucks will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, May 16th. This represents a $2.44 annualized dividend and a yield of 2.92%. Starbucks's payout ratio is currently 88.41%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. grew its position in Starbucks by 285.4% during the first quarter. Nova Wealth Management Inc. now owns 316 shares of the coffee company's stock worth $31,000 after buying an additional 234 shares during the period. Jones Financial Companies Lllp grew its position in Starbucks by 27.1% during the first quarter. Jones Financial Companies Lllp now owns 412,028 shares of the coffee company's stock worth $40,302,000 after buying an additional 87,874 shares during the period. Strs Ohio acquired a new position in Starbucks during the first quarter worth about $27,712,000. GK Wealth Management LLC acquired a new position in Starbucks during the first quarter worth about $259,000. Finally, MBL Wealth LLC acquired a new position in Starbucks during the first quarter worth about $223,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

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.