Starbucks Co. (NASDAQ:SBUX – Get Free Report) EVP Sara Kelly sold 250 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $77.50, for a total transaction of $19,375.00. Following the sale, the executive vice president now owns 46,191 shares of the company’s stock, valued at $3,579,802.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Sara Kelly also recently made the following trade(s):
- On Monday, April 22nd, Sara Kelly sold 250 shares of Starbucks stock. The shares were sold at an average price of $88.00, for a total transaction of $22,000.00.
- On Thursday, March 21st, Sara Kelly sold 250 shares of Starbucks stock. The shares were sold at an average price of $92.63, for a total transaction of $23,157.50.
Starbucks Stock Down 3.0 %
SBUX traded down $2.41 during midday trading on Thursday, hitting $78.31. 15,836,647 shares of the company traded hands, compared to its average volume of 10,277,413. The firm has a market capitalization of $88.70 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 1.68 and a beta of 0.97. The company’s 50-day moving average is $84.58 and its 200 day moving average is $92.14. Starbucks Co. has a 52 week low of $71.80 and a 52 week high of $107.66.
Starbucks (NASDAQ:SBUX – Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The coffee company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.11). Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The business had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $9.12 billion. During the same quarter last year, the company earned $0.74 EPS. Starbucks’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, sell-side analysts predict that Starbucks Co. will post 3.63 earnings per share for the current fiscal year.
Starbucks Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is presently 62.81%.
Hedge Funds Weigh In On Starbucks
Several institutional investors have recently made changes to their positions in SBUX. Burney Co. raised its stake in Starbucks by 10.5% during the 1st quarter. Burney Co. now owns 3,154 shares of the coffee company’s stock worth $288,000 after acquiring an additional 300 shares during the period. Atria Investments Inc raised its stake in Starbucks by 9.7% during the 1st quarter. Atria Investments Inc now owns 141,786 shares of the coffee company’s stock worth $12,961,000 after acquiring an additional 12,550 shares during the period. Swedbank AB purchased a new stake in Starbucks during the 1st quarter valued at approximately $52,112,000. Sanibel Captiva Trust Company Inc. grew its holdings in Starbucks by 0.9% during the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 328,373 shares of the coffee company’s stock valued at $30,010,000 after buying an additional 2,927 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in Starbucks during the 1st quarter valued at approximately $77,000. Institutional investors own 72.29% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have commented on SBUX shares. Wedbush decreased their price objective on shares of Starbucks from $95.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Jefferies Financial Group decreased their price objective on shares of Starbucks from $94.00 to $84.00 and set a “hold” rating for the company in a report on Wednesday, May 1st. Guggenheim reduced their target price on shares of Starbucks from $100.00 to $91.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. JPMorgan Chase & Co. reduced their target price on shares of Starbucks from $100.00 to $92.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Finally, Robert W. Baird reduced their target price on shares of Starbucks from $106.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, March 18th. Seventeen analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Starbucks presently has a consensus rating of “Hold” and a consensus target price of $96.43.
Check Out Our Latest Research Report on Starbucks
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.
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