Vetr upgraded shares of Starbucks Corporation (NASDAQ:SBUX) from a buy rating to a strong-buy rating in a research report report published on Tuesday morning. The firm currently has $64.05 price objective on the coffee company’s stock.

Several other equities research analysts have also recently weighed in on the company. OTR Global upgraded Starbucks Corporation to a positive rating in a report on Thursday, October 26th. Zacks Investment Research upgraded Starbucks Corporation from a sell rating to a hold rating in a report on Wednesday, September 6th. Bank of America Corporation reiterated a neutral rating and issued a $65.00 target price on shares of Starbucks Corporation in a report on Thursday, September 14th. Cowen and Company reiterated a buy rating and issued a $63.00 target price on shares of Starbucks Corporation in a report on Friday, September 1st. Finally, Morgan Stanley upped their target price on Starbucks Corporation from $62.00 to $67.00 and gave the stock an overweight rating in a report on Friday, November 10th. Twelve analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Starbucks Corporation currently has an average rating of Buy and a consensus target price of $63.31.

Shares of Starbucks Corporation (NASDAQ SBUX) opened at $57.26 on Tuesday. Starbucks Corporation has a 1-year low of $52.58 and a 1-year high of $64.87. The firm has a market capitalization of $80,829.27, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 1.55 and a beta of 0.72. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.93.

Starbucks Corporation (NASDAQ:SBUX) last issued its earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. Starbucks Corporation had a return on equity of 53.34% and a net margin of 12.89%. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same period in the prior year, the business earned $0.56 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. sell-side analysts predict that Starbucks Corporation will post 2.31 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Starbucks Corporation (SBUX) Upgraded to Strong-Buy by Vetr Inc.” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/11/22/starbucks-corporation-sbux-upgraded-to-strong-buy-by-vetr-inc.html.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 16th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.10%. This is a positive change from Starbucks Corporation’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, November 15th. Starbucks Corporation’s dividend payout ratio (DPR) is 60.91%.

In other Starbucks Corporation news, Director Myron E. Ullman III sold 22,966 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $53.41, for a total transaction of $1,226,614.06. Following the transaction, the director now owns 36,966 shares in the company, valued at $1,974,354.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Howard D. Schultz sold 290,176 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $57.03, for a total value of $16,548,737.28. Following the transaction, the insider now owns 29,872,564 shares in the company, valued at approximately $1,703,632,324.92. The disclosure for this sale can be found here. Insiders have sold 443,884 shares of company stock worth $25,041,780 in the last quarter. 3.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Coastline Trust Co boosted its position in Starbucks Corporation by 168.9% during the third quarter. Coastline Trust Co now owns 9,265 shares of the coffee company’s stock worth $498,000 after purchasing an additional 5,820 shares in the last quarter. Daniel Devine & Co purchased a new position in Starbucks Corporation during the third quarter worth approximately $1,591,000. Garde Capital Inc. boosted its position in Starbucks Corporation by 59.1% during the third quarter. Garde Capital Inc. now owns 37,045 shares of the coffee company’s stock worth $1,990,000 after purchasing an additional 13,754 shares in the last quarter. Gofen & Glossberg LLC IL boosted its position in Starbucks Corporation by 1.5% during the third quarter. Gofen & Glossberg LLC IL now owns 517,709 shares of the coffee company’s stock worth $27,806,000 after purchasing an additional 7,649 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its position in Starbucks Corporation by 51.9% during the third quarter. Moors & Cabot Inc. now owns 43,458 shares of the coffee company’s stock worth $2,336,000 after purchasing an additional 14,839 shares in the last quarter. Institutional investors own 71.49% of the company’s stock.

About Starbucks Corporation

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.

Analyst Recommendations for Starbucks Corporation (NASDAQ:SBUX)

Receive News & Stock Ratings for Starbucks Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks Corporation and related stocks with our FREE daily email newsletter.