Starbucks (NASDAQ:SBUX) Trading Down 1.1% - What's Next?

Starbucks Co. (NASDAQ:SBUX - Get Free Report)'s share price was down 1.1% during trading on Wednesday . The company traded as low as $86.31 and last traded at $86.08. Approximately 2,685,225 shares traded hands during trading, a decline of 76% from the average daily volume of 11,083,668 shares. The stock had previously closed at $87.01.

Analyst Upgrades and Downgrades

SBUX has been the subject of a number of research analyst reports. Royal Bank of Canada cut Starbucks from an "outperform" rating to a "sector perform" rating in a research note on Thursday. Baird R W cut Starbucks from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. UBS Group reduced their price objective on Starbucks from $105.00 to $90.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company reduced their price objective on Starbucks from $125.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Citigroup reduced their price objective on Starbucks from $88.00 to $84.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $97.92.

Starbucks Price Performance

The firm has a 50-day moving average price of $85.54 and a 200 day moving average price of $95.60. The company has a market cap of $95.09 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its earnings results on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.10). The firm had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.90 billion. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. Starbucks's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. On average, equities analysts anticipate that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

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

Institutional Investors Weigh In On Starbucks

A number of large investors have recently added to or reduced their stakes in the stock. TrinityPoint Wealth LLC grew its position in Starbucks by 2.7% during the fourth quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company's stock worth $312,000 after buying an additional 89 shares in the last quarter. Pioneer Trust Bank N A OR grew its position in Starbucks by 0.8% during the fourth quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company's stock worth $1,032,000 after buying an additional 92 shares in the last quarter. Wintrust Investments LLC boosted its holdings in shares of Starbucks by 7.1% in the 4th quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company's stock valued at $128,000 after purchasing an additional 94 shares in the last quarter. Kuhn & Co Investment Counsel boosted its holdings in shares of Starbucks by 2.3% in the 4th quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company's stock valued at $387,000 after purchasing an additional 96 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC boosted its holdings in shares of Starbucks by 10.6% in the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 1,014 shares of the coffee company's stock valued at $93,000 after purchasing an additional 97 shares in the last quarter. 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.