Insider Selling: Starbucks Co. (NASDAQ:SBUX) EVP Sells 250 Shares of Stock

Starbucks Co. (NASDAQ:SBUX) EVP Sara Kelly sold 250 shares of Starbucks stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $88.00, for a total value of $22,000.00. Following the completion of the sale, the executive vice president now directly owns 46,441 shares in the company, valued at approximately $4,086,808. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Sara Kelly also recently made the following trade(s):

• 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 value of $23,157.50.
• On Wednesday, February 21st, Sara Kelly sold 250 shares of Starbucks stock. The shares were sold at an average price of $93.86, for a total value of $23,465.00.

Starbucks Price Performance

SBUX traded up $0.88 during trading on Wednesday, hitting $88.75. 7,178,942 shares of the stock traded hands, compared to its average volume of 8,408,188. Starbucks Co. has a twelve month low of $84.29 and a twelve month high of $115.48. The company has a market cap of $100.48 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.44 and a beta of 0.97. The business has a 50 day moving average price of $90.57 and a 200 day moving average price of $94.35.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The firm had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities research analysts predict that Starbucks Co. will post 3.99 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Thursday, May 16th. Starbucks’s payout ratio is 60.96%.

Analysts Set New Price Targets

SBUX has been the subject of several analyst reports. 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 report on Wednesday, January 31st. Gordon Haskett cut Starbucks from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a report on Tuesday, January 16th. BTIG Research decreased their price objective on Starbucks from $125.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. Robert W. Baird reduced their price target on Starbucks from $106.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, March 18th. Finally, Barclays reduced their price target on Starbucks from $116.00 to $112.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. Fourteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $106.68.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SBUX. Capital Investment Advisors LLC lifted its stake in shares of Starbucks by 1.0% in the 3rd quarter. Capital Investment Advisors LLC now owns 12,710 shares of the coffee company’s stock valued at $1,160,000 after acquiring an additional 128 shares during the last quarter. 1900 Wealth Management LLC bought a new position in shares of Starbucks in the 3rd quarter valued at $264,000. DAVENPORT & Co LLC increased its holdings in Starbucks by 1.1% in the third quarter. DAVENPORT & Co LLC now owns 104,843 shares of the coffee company’s stock valued at $9,569,000 after purchasing an additional 1,177 shares during the period. Mach 1 Financial Group LLC acquired a new stake in Starbucks in the third quarter valued at $225,000. Finally, KFG Wealth Management LLC increased its holdings in Starbucks by 8.5% in the third quarter. KFG Wealth Management LLC now owns 3,083 shares of the coffee company’s stock valued at $281,000 after purchasing an additional 241 shares during the period. 72.29% of the stock is currently owned by institutional investors.

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.