Starbucks Corporation (NASDAQ:SBUX) Director Craig Weatherup sold 56,666 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $56.73, for a total transaction of $3,214,662.18. Following the transaction, the director now owns 56,666 shares in the company, valued at $3,214,662.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Starbucks Corporation (NASDAQ:SBUX) traded down $0.12 during midday trading on Wednesday, reaching $57.14. 7,308,962 shares of the company’s stock traded hands, compared to its average volume of 9,348,807. The company has a quick ratio of 0.93, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. Starbucks Corporation has a 12 month low of $52.58 and a 12 month high of $64.87. The firm has a market cap of $81,300.00, a PE ratio of 27.44, a PEG ratio of 1.55 and a beta of 0.72.
Starbucks Corporation (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, November 2nd. The coffee company reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. Starbucks Corporation had a net margin of 12.89% and a return on equity of 53.34%. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the previous year, the business posted $0.56 EPS. The firm’s revenue was down .2% on a year-over-year basis. sell-side analysts predict that Starbucks Corporation will post 2.31 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders 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%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Starbucks Corporation’s previous quarterly dividend of $0.25. Starbucks Corporation’s payout ratio is 60.91%.
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Several institutional investors have recently modified their holdings of SBUX. Jacobi Capital Management LLC boosted its holdings in shares of Starbucks Corporation by 2.7% in the 1st quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock valued at $109,000 after buying an additional 50 shares in the last quarter. Gradient Investments LLC boosted its holdings in shares of Starbucks Corporation by 2.5% in the 2nd quarter. Gradient Investments LLC now owns 1,911 shares of the coffee company’s stock valued at $111,000 after buying an additional 46 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Starbucks Corporation in the 3rd quarter valued at $111,000. Sharkey Howes & Javer boosted its holdings in shares of Starbucks Corporation by 8.5% in the 2nd quarter. Sharkey Howes & Javer now owns 1,924 shares of the coffee company’s stock valued at $112,000 after buying an additional 150 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in shares of Starbucks Corporation by 10.2% in the 1st quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock valued at $117,000 after buying an additional 187 shares in the last quarter. Institutional investors and hedge funds own 71.49% of the company’s stock.
SBUX has been the topic of a number of recent research reports. Vetr upgraded shares of Starbucks Corporation from a “buy” rating to a “strong-buy” rating and set a $64.12 price target on the stock in a research report on Tuesday, November 14th. Nomura lowered their price target on shares of Starbucks Corporation from $67.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Mizuho restated a “buy” rating and set a $75.00 price target on shares of Starbucks Corporation in a research report on Friday, September 29th. Credit Suisse Group restated a “buy” rating on shares of Starbucks Corporation in a research report on Monday, November 6th. Finally, Zacks Investment Research upgraded shares of Starbucks Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Twelve equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $63.31.
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.
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