Investors sold shares of Starbucks Corporation (NASDAQ:SBUX) on strength during trading on Monday. $111.95 million flowed into the stock on the tick-up and $165.24 million flowed out of the stock on the tick-down, for a money net flow of $53.29 million out of the stock. Of all companies tracked, Starbucks had the 0th highest net out-flow for the day. Starbucks traded up $1.44 for the day and closed at $58.76
Several research analysts have weighed in on SBUX shares. BMO Capital Markets lowered shares of Starbucks from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $54.52 to $64.00 in a research report on Wednesday, August 9th. Morgan Stanley reduced their price target on shares of Starbucks from $68.00 to $62.00 and set a “weight” rating on the stock in a report on Tuesday, August 22nd. Cleveland Research downgraded shares of Starbucks from a “buy” rating to a “neutral” rating in a report on Wednesday, August 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $67.00 price target on shares of Starbucks in a report on Wednesday, August 23rd. Finally, Cowen reaffirmed an “outperform” rating and issued a $63.00 price target on shares of Starbucks in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $63.26.
The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.25. The firm has a market cap of $84,610.00, a P/E ratio of 28.39, a PEG ratio of 1.61 and a beta of 0.76.
Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.81 billion. Starbucks had a net margin of 12.89% and a return on equity of 53.34%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 earnings per share. sell-side analysts expect that Starbucks Corporation will post 2.31 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Thursday, November 16th were paid a dividend of $0.30 per share. This is an increase from Starbucks’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.02%. Starbucks’s dividend payout ratio is presently 60.91%.
In other Starbucks news, insider Howard D. Schultz sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $57.28, for a total transaction of $1,432,000.00. Following the transaction, the insider now owns 29,798,282 shares of the company’s stock, valued at $1,706,845,592.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Paul Mutty sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $56.95, for a total transaction of $170,850.00. Following the transaction, the senior vice president now directly owns 10,438 shares in the company, valued at approximately $594,444.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 525,550 shares of company stock worth $29,688,442. 3.40% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the business. Jacobi Capital Management LLC increased its position in shares of Starbucks by 2.7% in the first quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock worth $109,000 after acquiring an additional 50 shares in the last quarter. Gradient Investments LLC increased its position in shares of Starbucks by 2.5% in the second quarter. Gradient Investments LLC now owns 1,911 shares of the coffee company’s stock worth $111,000 after acquiring an additional 46 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Starbucks in the third quarter worth $111,000. IHT Wealth Management LLC increased its position in shares of Starbucks by 10.2% in the first quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock worth $117,000 after acquiring an additional 187 shares in the last quarter. Finally, Valley National Advisers Inc. increased its position in shares of Starbucks by 2.8% in the second quarter. Valley National Advisers Inc. now owns 2,089 shares of the coffee company’s stock worth $122,000 after acquiring an additional 57 shares in the last quarter. 71.07% of the stock is currently owned by institutional investors.
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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