Starbucks Corporation (NASDAQ:SBUX) Director Myron E. Ullman III sold 22,966 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $53.41, for a total value of $1,226,614.06. Following the completion of the transaction, the director now owns 36,966 shares in the company, valued at approximately $1,974,354.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Starbucks Corporation (NASDAQ SBUX) opened at 54.02 on Tuesday. The firm has a market capitalization of $78.00 billion, a PE ratio of 27.27 and a beta of 0.78. The company’s 50-day moving average price is $54.65 and its 200 day moving average price is $57.99. Starbucks Corporation has a 1-year low of $50.84 and a 1-year high of $64.87.

Starbucks Corporation (NASDAQ:SBUX) last announced its quarterly earnings results on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The firm had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the prior year, the firm earned $0.49 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Starbucks Corporation will post $2.07 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Thursday, August 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.85%. Starbucks Corporation’s dividend payout ratio is presently 50.76%.

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SBUX has been the topic of several research reports. Cowen and Company restated a “buy” rating and issued a $63.00 target price on shares of Starbucks Corporation in a research report on Friday, September 1st. Deutsche Bank AG upgraded Starbucks Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $59.00 to $69.00 in a research report on Monday, May 15th. Wedbush upgraded Starbucks Corporation from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $57.00 to $60.00 in a research report on Friday, August 25th. Zacks Investment Research downgraded Starbucks Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Vetr upgraded Starbucks Corporation from a “buy” rating to a “strong-buy” rating and set a $67.14 price objective on the stock in a research report on Thursday, June 22nd. Twelve equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $64.64.

Several institutional investors have recently made changes to their positions in SBUX. Magellan Asset Management Ltd grew its stake in shares of Starbucks Corporation by 3,809,645.9% during the first quarter. Magellan Asset Management Ltd now owns 18,667,755 shares of the coffee company’s stock valued at $1,090,000,000 after acquiring an additional 18,667,265 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Starbucks Corporation by 3,076.5% during the second quarter. Janus Henderson Group PLC now owns 13,889,820 shares of the coffee company’s stock valued at $809,917,000 after acquiring an additional 13,452,551 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Starbucks Corporation by 32.9% during the first quarter. Ameriprise Financial Inc. now owns 14,170,939 shares of the coffee company’s stock valued at $827,444,000 after acquiring an additional 3,511,080 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Starbucks Corporation by 539.2% during the second quarter. Renaissance Technologies LLC now owns 3,918,784 shares of the coffee company’s stock valued at $228,504,000 after acquiring an additional 3,305,700 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Starbucks Corporation by 7.8% during the first quarter. Bank of New York Mellon Corp now owns 30,770,264 shares of the coffee company’s stock valued at $1,796,675,000 after acquiring an additional 2,234,324 shares in the last quarter. Institutional investors own 70.99% of the company’s stock.

Starbucks Corporation Company Profile

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.

Insider Buying and Selling by Quarter for Starbucks Corporation (NASDAQ:SBUX)

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