Starbucks Co. (NASDAQ:SBUX) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Starbucks Co. (NASDAQ:SBUX) have been assigned an average rating of “Hold” from the twenty-four ratings firms that are presently covering the company, Marketbeat Ratings reports. Fifteen research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $99.14.

A number of equities research analysts have commented on the company. BMO Capital Markets decreased their price objective on Starbucks from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, January 31st. UBS Group decreased their price objective on Starbucks from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday. Royal Bank of Canada restated a “sector perform” rating and set a $102.00 price objective on shares of Starbucks in a research report on Wednesday, January 31st. Piper Sandler reduced their price target on Starbucks from $107.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, January 19th. Finally, Stifel Nicolaus reduced their price target on Starbucks from $90.00 to $80.00 and set a “hold” rating for the company in a report on Wednesday.

Starbucks Stock Up 0.7 %

NASDAQ:SBUX opened at $74.93 on Friday. Starbucks has a 1-year low of $72.67 and a 1-year high of $109.72. The firm has a market capitalization of $84.87 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 1.28 and a beta of 0.97. The stock has a fifty day simple moving average of $89.34 and a 200 day simple moving average of $93.98.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The company had revenue of $8.56 billion during the quarter, compared to analyst estimates of $9.12 billion. During the same quarter last year, the business earned $0.74 EPS. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. Equities analysts predict that Starbucks will post 3.89 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Thursday, May 16th. Starbucks’s dividend payout ratio is presently 62.81%.

Insider Activity

In other news, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $85.39, for a total transaction of $277,517.50. Following the sale, the chief executive officer now directly owns 81,199 shares in the company, valued at $6,933,582.61. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 7,250 shares of company stock worth $651,738. Company insiders own 1.98% of the company’s stock.

Institutional Trading of Starbucks

Several institutional investors have recently bought and sold shares of the stock. Central Pacific Bank Trust Division acquired a new stake in Starbucks in the 1st quarter valued at $3,522,000. Nicollet Investment Management Inc. boosted its stake in Starbucks by 3.6% in the 1st quarter. Nicollet Investment Management Inc. now owns 34,787 shares of the coffee company’s stock valued at $3,179,000 after buying an additional 1,202 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Starbucks by 0.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 51,791 shares of the coffee company’s stock valued at $4,733,000 after buying an additional 370 shares in the last quarter. Mutual Advisors LLC boosted its stake in Starbucks by 7.0% in the 1st quarter. Mutual Advisors LLC now owns 45,029 shares of the coffee company’s stock valued at $4,115,000 after buying an additional 2,936 shares in the last quarter. Finally, Diversified LLC boosted its stake in Starbucks by 13.9% in the 1st quarter. Diversified LLC now owns 4,095 shares of the coffee company’s stock valued at $374,000 after buying an additional 500 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.