Starbucks Co. (NASDAQ:SBUX) has received a consensus recommendation of “Hold” from the twenty-nine analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $75.38.

A number of equities analysts have recently issued reports on SBUX shares. BidaskClub downgraded Starbucks from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 12th. UBS Group downgraded Starbucks from a “buy” rating to a “neutral” rating and upped their price target for the stock from $72.00 to $78.00 in a research report on Monday, April 8th. Piper Jaffray Companies upped their price target on Starbucks from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Mizuho set a $75.00 price target on Starbucks and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Wedbush reaffirmed a “hold” rating and set a $70.00 price target on shares of Starbucks in a research report on Thursday, April 18th.

In other Starbucks news, EVP Lucy Lee Helm sold 10,000 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $83.00, for a total transaction of $830,000.00. Following the sale, the executive vice president now directly owns 113,455 shares of the company’s stock, valued at approximately $9,416,765. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Culver sold 63,937 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $78.04, for a total value of $4,989,643.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,910 shares of company stock worth $6,578,788. 3.98% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund boosted its stake in shares of Starbucks by 5,590.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,679,558 shares of the coffee company’s stock worth $368,000 after acquiring an additional 23,263,399 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Starbucks by 0.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 13,579,438 shares of the coffee company’s stock worth $874,515,000 after acquiring an additional 100,049 shares in the last quarter. Norges Bank purchased a new stake in shares of Starbucks during the 4th quarter worth about $807,368,000. FMR LLC boosted its stake in shares of Starbucks by 19.8% during the 1st quarter. FMR LLC now owns 10,424,208 shares of the coffee company’s stock worth $774,936,000 after acquiring an additional 1,720,231 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Starbucks by 1.4% during the 4th quarter. Legal & General Group Plc now owns 6,545,000 shares of the coffee company’s stock worth $421,405,000 after acquiring an additional 91,187 shares in the last quarter. 71.60% of the stock is currently owned by institutional investors.

Shares of SBUX stock traded down $1.09 during trading hours on Monday, reaching $83.15. 516,197 shares of the company’s stock were exchanged, compared to its average volume of 8,251,499. The business’s 50 day moving average price is $78.32. The stock has a market cap of $102.03 billion, a P/E ratio of 34.36, a price-to-earnings-growth ratio of 2.36 and a beta of 0.50. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 7.73. Starbucks has a fifty-two week low of $47.37 and a fifty-two week high of $84.61.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, April 25th. The coffee company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. Starbucks had a negative return on equity of 494.61% and a net margin of 11.87%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share. On average, equities research analysts forecast that Starbucks will post 2.78 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Thursday, May 9th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Wednesday, May 8th. Starbucks’s payout ratio is 59.50%.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Analyst Recommendations for Starbucks (NASDAQ:SBUX)

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