Starbucks (NASDAQ:SBUX) Trading Up 0.1%

Starbucks Co. (NASDAQ:SBUX)’s share price traded up 0.1% during mid-day trading on Wednesday . The company traded as high as $87.97 and last traded at $87.96. 1,477,731 shares were traded during mid-day trading, a decline of 82% from the average session volume of 8,333,851 shares. The stock had previously closed at $87.87.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Guggenheim dropped their price target on shares of Starbucks from $100.00 to $91.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Citigroup dropped their price target on shares of Starbucks from $102.00 to $95.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Stifel Nicolaus decreased their target price on Starbucks from $102.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, April 11th. Piper Sandler decreased their target price on Starbucks from $107.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, January 19th. Finally, BMO Capital Markets decreased their target price on Starbucks from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, January 31st. Fourteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Starbucks presently has a consensus rating of “Hold” and an average price target of $106.68.

Starbucks Trading Down 0.0 %

The business has a 50-day moving average price of $90.46 and a 200 day moving average price of $94.30. The stock has a market capitalization of $99.41 billion, a P/E ratio of 23.49, a P/E/G ratio of 1.49 and a beta of 0.97.

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

Starbucks Announces Dividend

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 dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 annualized dividend and a dividend yield of 2.60%. Starbucks’s dividend payout ratio is currently 60.96%.

Insider Activity

In other news, insider Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $94.03, for a total transaction of $305,597.50. Following the transaction, the insider now owns 84,153 shares in the company, valued at $7,912,906.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 7,250 shares of company stock worth $651,738. Company insiders own 1.98% of the company’s stock.

Institutional Investors Weigh In On Starbucks

Institutional investors have recently added to or reduced their stakes in the stock. Vima LLC bought a new stake in Starbucks during the fourth quarter valued at about $26,000. Scarborough Advisors LLC bought a new stake in Starbucks during the fourth quarter valued at about $26,000. DSM Capital Partners LLC acquired a new stake in Starbucks in the fourth quarter worth about $27,000. Riggs Asset Managment Co. Inc. boosted its holdings in Starbucks by 1,578.9% in the third quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock worth $29,000 after acquiring an additional 300 shares in the last quarter. Finally, Fairman Group LLC acquired a new stake in Starbucks in the fourth quarter worth about $30,000. Institutional investors own 72.29% of the company’s stock.

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.