Investors 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 0th highest net out-flow for the day. Starbucks Corporation traded up $0.20 for the day and closed at $55.13

A number of equities analysts recently weighed in on SBUX shares. Jefferies Group LLC reissued a “buy” rating and set a $65.00 target price on shares of Starbucks Corporation in a research note on Friday, May 12th. Deutsche Bank AG raised shares of Starbucks Corporation from a “hold” rating to a “buy” rating and lifted their price target for the company from $59.00 to $69.00 in a research note on Monday, May 15th. Zacks Investment Research downgraded shares of Starbucks Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Vetr raised shares of 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. Finally, Wedbush raised shares of Starbucks Corporation from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $57.00 to $60.00 in a research note on Friday, August 25th. Twelve equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Starbucks Corporation currently has a consensus rating of “Buy” and an average price target of $64.64.

The stock’s 50 day moving average is $55.01 and its 200-day moving average is $58.05. The firm has a market cap of $77.86 billion, a P/E ratio of 27.22 and a beta of 0.78.

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

The business also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Thursday, August 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Tuesday, August 8th. Starbucks Corporation’s payout ratio is presently 50.76%.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Regent Investment Management LLC boosted its holdings in shares of Starbucks Corporation by 6.8% in the second quarter. Regent Investment Management LLC now owns 4,683 shares of the coffee company’s stock worth $273,000 after buying an additional 300 shares during the last quarter. Cape Cod Five Cents Savings Bank boosted its holdings in shares of Starbucks Corporation by 16.9% in the second quarter. Cape Cod Five Cents Savings Bank now owns 31,902 shares of the coffee company’s stock worth $1,861,000 after buying an additional 4,616 shares during the last quarter. Zevin Asset Management LLC boosted its holdings in shares of Starbucks Corporation by 1.0% in the first quarter. Zevin Asset Management LLC now owns 61,924 shares of the coffee company’s stock worth $3,616,000 after buying an additional 625 shares during the last quarter. Sawtooth Solutions LLC boosted its holdings in shares of Starbucks Corporation by 60.1% in the first quarter. Sawtooth Solutions LLC now owns 18,346 shares of the coffee company’s stock worth $1,071,000 after buying an additional 6,884 shares during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of Starbucks Corporation by 52.6% in the first quarter. Toronto Dominion Bank now owns 399,621 shares of the coffee company’s stock worth $23,332,000 after buying an additional 137,795 shares during the last quarter. 70.99% of the stock is currently owned by institutional investors.

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Starbucks Corporation Company Profile

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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