Starbucks (NASDAQ:SBUX) Trading Up 0.1%

Starbucks Co. (NASDAQ:SBUX) shares traded up 0.1% during mid-day trading on Tuesday . The company traded as high as $88.49 and last traded at $88.39. 1,615,312 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 8,297,197 shares. The stock had previously closed at $88.33.

Analyst Ratings Changes

A number of brokerages have recently commented on SBUX. JPMorgan Chase & Co. cut their price target on Starbucks from $100.00 to $92.00 and set an “overweight” rating for the company in a report on Wednesday. Wells Fargo & Company decreased their price target on shares of Starbucks from $105.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday. William Blair lowered shares of Starbucks from an “outperform” rating to a “market perform” rating in a research report on Wednesday. UBS Group lowered their price target on Starbucks from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lowered Starbucks from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $108.00 to $89.00 in a report on Wednesday. Sixteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $100.39.

Starbucks Stock Down 15.9 %

The stock’s 50-day moving average price is $89.76 and its 200-day moving average price is $94.11. The company has a market capitalization of $84.28 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 1.49 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, April 30th. The coffee company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). Starbucks had a negative return on equity of 50.10% and a net margin of 11.38%. The firm had revenue of $8.56 billion during the quarter, compared to analyst estimates of $9.12 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. Starbucks’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities research analysts anticipate that Starbucks Co. will post 3.99 EPS for the current year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a yield of 3.06%. Starbucks’s dividend payout ratio is presently 62.81%.

Insider Transactions at Starbucks

In other news, insider Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the transaction, the insider now directly owns 84,153 shares of the company’s stock, valued at $7,912,906.59. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 7,250 shares of company stock worth $651,738. 1.98% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Vima LLC acquired a new position in Starbucks in the 4th quarter worth $26,000. Scarborough Advisors LLC acquired a new stake in Starbucks in the 4th quarter valued at approximately $26,000. DSM Capital Partners LLC bought a new stake in Starbucks in the 4th quarter valued at approximately $27,000. Riggs Asset Managment Co. Inc. grew its stake in shares of Starbucks by 1,578.9% during the 3rd 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 bought a new stake in shares of Starbucks in the fourth quarter worth $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.