Starbucks Co. (NASDAQ:SBUX) insider John Culver sold 63,937 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $78.04, for a total value of $4,989,643.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of NASDAQ:SBUX traded up $0.01 during trading on Friday, hitting $78.91. The stock had a trading volume of 6,547,721 shares, compared to its average volume of 9,692,857. Starbucks Co. has a 12 month low of $47.37 and a 12 month high of $79.65. The firm has a market capitalization of $94.18 billion, a P/E ratio of 32.61, a P/E/G ratio of 2.18 and a beta of 0.51. The company has a debt-to-equity ratio of 7.73, a quick ratio of 0.67 and a current ratio of 0.94.
Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, April 25th. The coffee company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. Starbucks had a negative return on equity of 494.61% and a net margin of 11.87%. The firm had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. On average, equities analysts forecast that Starbucks Co. will post 2.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, May 9th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Wednesday, May 8th. Starbucks’s dividend payout ratio is currently 59.50%.
Several large investors have recently made changes to their positions in SBUX. Community Bank N.A. increased its position in Starbucks by 2.1% during the 1st quarter. Community Bank N.A. now owns 6,783 shares of the coffee company’s stock valued at $504,000 after buying an additional 140 shares in the last quarter. Kistler Tiffany Companies LLC increased its position in Starbucks by 1.5% during the 1st quarter. Kistler Tiffany Companies LLC now owns 9,461 shares of the coffee company’s stock valued at $703,000 after buying an additional 142 shares in the last quarter. Crawford Investment Counsel Inc. increased its position in Starbucks by 1.1% during the 1st quarter. Crawford Investment Counsel Inc. now owns 12,631 shares of the coffee company’s stock valued at $939,000 after buying an additional 142 shares in the last quarter. Lucia Wealth Services LLC increased its position in Starbucks by 9.6% during the 1st quarter. Lucia Wealth Services LLC now owns 1,655 shares of the coffee company’s stock valued at $123,000 after buying an additional 145 shares in the last quarter. Finally, Orrstown Financial Services Inc. increased its position in Starbucks by 1.2% during the 1st quarter. Orrstown Financial Services Inc. now owns 12,844 shares of the coffee company’s stock valued at $955,000 after buying an additional 147 shares in the last quarter. 74.73% of the stock is owned by hedge funds and other institutional investors.
SBUX has been the subject of a number of recent analyst reports. BidaskClub raised Starbucks from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $80.00 price target (up previously from $70.00) on shares of Starbucks in a research report on Monday, May 6th. Zacks Investment Research raised Starbucks from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Wednesday. Citigroup upped their price target on Starbucks from $81.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, Stephens upped their price target on Starbucks from $65.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $73.88.
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.
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