Starbucks (NASDAQ:SBUX) Trading Up 0.1%

Shares of Starbucks Co. (NASDAQ:SBUX) shot up 0.1% on Tuesday . The stock traded as high as $88.49 and last traded at $88.39. 1,615,312 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 8,297,197 shares. The stock had previously closed at $88.33.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Citigroup cut their target price on Starbucks from $102.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $102.00 target price on shares of Starbucks in a report on Wednesday, January 31st. Wedbush reduced their price target on shares of Starbucks from $95.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday. JPMorgan Chase & Co. reduced their target price on Starbucks from $107.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, March 19th. Finally, Guggenheim dropped their price target on Starbucks from $100.00 to $91.00 and set a “buy” rating for the company in a report on Friday, April 19th. Fourteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Starbucks currently has an average rating of “Hold” and an average target price of $106.55.

Starbucks Stock Up 0.2 %

The stock has a market cap of $100.19 billion, a P/E ratio of 23.68, a PEG ratio of 1.48 and a beta of 0.98. The stock has a fifty day simple moving average of $90.27 and a 200-day simple moving average of $94.27.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.02). Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The business had revenue of $9.43 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. Sell-side analysts anticipate that Starbucks Co. will post 3.99 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Thursday, May 16th. Starbucks’s payout ratio is currently 60.96%.

Insider Transactions at Starbucks

In related news, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $85.39, for a total value of $277,517.50. Following the completion of the transaction, the chief executive officer now directly owns 81,199 shares of the company’s stock, valued at approximately $6,933,582.61. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 7,250 shares of company stock valued at $651,738 over the last quarter. Corporate insiders own 1.98% of the company’s stock.

Institutional Investors Weigh In On Starbucks

Several institutional investors have recently bought and sold shares of SBUX. Willow Creek Wealth Management Inc. lifted its position in shares of Starbucks by 3.0% in the third quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company’s stock worth $302,000 after purchasing an additional 97 shares in the last quarter. Valley Brook Capital Group Inc. grew its holdings in shares of Starbucks by 2.4% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 4,200 shares of the coffee company’s stock valued at $383,000 after acquiring an additional 100 shares in the last quarter. Charles Schwab Investment Advisory Inc. increased its position in shares of Starbucks by 4.6% in the third quarter. Charles Schwab Investment Advisory Inc. now owns 2,260 shares of the coffee company’s stock valued at $206,000 after acquiring an additional 100 shares during the last quarter. Herold Advisors Inc. raised its holdings in Starbucks by 4.3% during the third quarter. Herold Advisors Inc. now owns 2,422 shares of the coffee company’s stock worth $221,000 after acquiring an additional 100 shares in the last quarter. Finally, Rodgers Brothers Inc. grew its stake in Starbucks by 1.2% in the third quarter. Rodgers Brothers Inc. now owns 8,269 shares of the coffee company’s stock valued at $755,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

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.