Traders sold shares of Starbucks Corporation (NASDAQ:SBUX) on strength during trading hours on Tuesday. $58.32 million flowed into the stock on the tick-up and $106.69 million flowed out of the stock on the tick-down, for a money net flow of $48.37 million out of the stock. Of all stocks tracked, Starbucks Corporation had the 6th highest net out-flow for the day. Starbucks Corporation traded up $0.20 for the day and closed at $55.13

SBUX has been the subject of a number of analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $65.00 price target on shares of Starbucks Corporation in a research note on Friday, May 12th. Deutsche Bank AG upgraded Starbucks Corporation from a “hold” rating to a “buy” rating and raised their price target for the company from $59.00 to $69.00 in a research note on Monday, May 15th. Vetr upgraded Starbucks Corporation from a “buy” rating to a “strong-buy” rating and set a $67.14 price target for the company in a research note on Thursday, June 22nd. Zacks Investment Research downgraded Starbucks Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Mizuho restated a “buy” rating and issued a $75.00 price target on shares of Starbucks Corporation in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $64.64.

The firm has a market cap of $79.60 billion, a P/E ratio of 27.83 and a beta of 0.78. The stock’s 50-day moving average is $55.12 and its 200 day moving average is $58.08.

Starbucks Corporation (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.55. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter last year, the business posted $0.49 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. Equities research analysts expect that Starbucks Corporation will post $2.07 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Thursday, August 10th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.81%. Starbucks Corporation’s dividend payout ratio (DPR) is presently 50.76%.

In other Starbucks Corporation news, Director Jorgen Vig Knudstorp acquired 18,000 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were bought at an average price of $55.30 per share, for a total transaction of $995,400.00. Following the completion of the transaction, the director now owns 18,000 shares of the company’s stock, valued at approximately $995,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Myron E. Ullman III sold 10,000 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $60.63, for a total value of $606,300.00. Following the completion of the sale, the director now owns 24,000 shares in the company, valued at approximately $1,455,120. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SBUX. CGOV Asset Management increased its stake in Starbucks Corporation by 5.1% in the first quarter. CGOV Asset Management now owns 1,143,123 shares of the coffee company’s stock valued at $88,920,000 after acquiring an additional 55,405 shares during the last quarter. Private Wealth Partners LLC increased its stake in Starbucks Corporation by 5.1% in the first quarter. Private Wealth Partners LLC now owns 49,243 shares of the coffee company’s stock valued at $2,875,000 after acquiring an additional 2,403 shares during the last quarter. Evanson Asset Management LLC increased its stake in Starbucks Corporation by 2.4% in the first quarter. Evanson Asset Management LLC now owns 4,929 shares of the coffee company’s stock valued at $288,000 after acquiring an additional 115 shares during the last quarter. DnB Asset Management AS increased its stake in Starbucks Corporation by 11.4% in the first quarter. DnB Asset Management AS now owns 172,383 shares of the coffee company’s stock valued at $10,065,000 after acquiring an additional 17,680 shares during the last quarter. Finally, Capital Impact Advisors LLC increased its stake in Starbucks Corporation by 38.1% in the first quarter. Capital Impact Advisors LLC now owns 43,100 shares of the coffee company’s stock valued at $2,517,000 after acquiring an additional 11,898 shares during the last quarter. 70.99% of the stock is currently owned by institutional investors and hedge funds.

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About Starbucks Corporation

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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