Starbucks Co. (NASDAQ:SBUX) EVP Sara Kelly Sells 250 Shares

Starbucks Co. (NASDAQ:SBUX) EVP Sara Kelly sold 250 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $77.50, for a total transaction of $19,375.00. Following the completion of the transaction, the executive vice president now directly owns 46,191 shares of the company’s stock, valued at approximately $3,579,802.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sara Kelly also recently made the following trade(s):

• On Monday, April 22nd, Sara Kelly sold 250 shares of Starbucks stock. The stock was sold at an average price of $88.00, for a total transaction of $22,000.00.
• On Thursday, March 21st, Sara Kelly sold 250 shares of Starbucks stock. The shares were sold at an average price of $92.63, for a total transaction of $23,157.50.

Starbucks Trading Up 0.7 %

SBUX stock traded up $0.56 during mid-day trading on Friday, hitting $78.87. 10,746,166 shares of the company were exchanged, compared to its average volume of 17,810,700. Starbucks Co. has a twelve month low of $71.80 and a twelve month high of $107.66. The firm has a fifty day simple moving average of $84.08 and a 200 day simple moving average of $91.87. The company has a market capitalization of $89.34 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 1.71 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 net margin of 11.38% and a negative return on equity of 49.91%. The company had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $9.12 billion. During the same period in the previous year, the firm posted $0.74 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Starbucks Co. will post 3.59 earnings per share for the current year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a dividend of $0.57 per share. 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 2.89%. Starbucks’s payout ratio is 62.81%.

Analysts Set New Price Targets

Several equities analysts have recently commented on SBUX shares. Robert W. Baird decreased their price objective on shares of Starbucks from $106.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, March 18th. JPMorgan Chase & Co. lowered their price objective on shares of Starbucks from $100.00 to $92.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. DZ Bank cut shares of Starbucks from a “buy” rating to a “hold” rating and set a $75.00 target price for the company. in a research note on Friday, May 3rd. Stephens reiterated an “equal weight” rating and issued a $110.00 price objective on shares of Starbucks in a research note on Wednesday, January 31st. Finally, Wells Fargo & Company lowered their price target on shares of Starbucks from $105.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Seventeen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $96.43.

Institutional Investors Weigh In On Starbucks

Several institutional investors and hedge funds have recently bought and sold shares of SBUX. Norges Bank purchased a new stake in Starbucks in the 4th quarter worth about $1,240,652,000. Ontario Teachers Pension Plan Board purchased a new position in shares of Starbucks during the first quarter valued at approximately $415,167,000. Flossbach Von Storch AG grew its stake in Starbucks by 106.7% in the first quarter. Flossbach Von Storch AG now owns 5,612,687 shares of the coffee company’s stock worth $512,943,000 after purchasing an additional 2,897,282 shares during the period. Capital World Investors bought a new stake in Starbucks in the first quarter worth $257,721,000. Finally, Van ECK Associates Corp lifted its holdings in Starbucks by 2,624.3% in the first quarter. Van ECK Associates Corp now owns 2,150,309 shares of the coffee company’s stock valued at $196,516,000 after acquiring an additional 2,071,378 shares during the period. 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.