John Culver Sells 169,096 Shares of Starbucks Co. (SBUX) Stock

Starbucks Co. (NASDAQ:SBUX) insider John Culver sold 169,096 shares of Starbucks stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $68.81, for a total transaction of $11,635,495.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Starbucks stock opened at $69.75 on Monday. The stock has a market capitalization of $86.74 billion, a price-to-earnings ratio of 28.82, a P/E/G ratio of 2.00 and a beta of 0.48. The company has a debt-to-equity ratio of 7.73, a current ratio of 1.41 and a quick ratio of 1.95. Starbucks Co. has a 1 year low of $47.37 and a 1 year high of $69.82.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, January 24th. The coffee company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.65 by $0.10. Starbucks had a net margin of 11.98% and a return on equity of 193.00%. The business had revenue of $6.63 billion during the quarter, compared to analyst estimates of $6.49 billion. During the same quarter in the previous year, the business posted $0.65 EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, research analysts expect that Starbucks Co. will post 2.72 earnings per share for the current fiscal year.



The firm also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Thursday, February 7th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, February 6th. This represents a $1.44 annualized dividend and a dividend yield of 2.06%. Starbucks’s dividend payout ratio is currently 59.50%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Linscomb & Williams Inc. raised its stake in shares of Starbucks by 10.5% during the 4th quarter. Linscomb & Williams Inc. now owns 7,375 shares of the coffee company’s stock worth $475,000 after acquiring an additional 699 shares in the last quarter. ETRADE Capital Management LLC raised its stake in shares of Starbucks by 93.1% during the 4th quarter. ETRADE Capital Management LLC now owns 26,620 shares of the coffee company’s stock worth $1,714,000 after acquiring an additional 12,832 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in Starbucks by 84.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 19,589 shares of the coffee company’s stock valued at $1,262,000 after purchasing an additional 8,990 shares in the last quarter. Ffcm LLC increased its stake in Starbucks by 6.2% during the 4th quarter. Ffcm LLC now owns 118,834 shares of the coffee company’s stock valued at $7,653,000 after purchasing an additional 6,958 shares in the last quarter. Finally, GAM Holding AG increased its stake in Starbucks by 3.4% during the 4th quarter. GAM Holding AG now owns 112,226 shares of the coffee company’s stock valued at $7,227,000 after purchasing an additional 3,704 shares in the last quarter. Hedge funds and other institutional investors own 75.62% of the company’s stock.

A number of equities analysts recently commented on the stock. BidaskClub cut shares of Starbucks from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 2nd. Wells Fargo & Co lifted their price target on shares of Starbucks from $60.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 17th. UBS Group set a $72.00 price target on shares of Starbucks and gave the stock a “buy” rating in a research note on Friday, November 2nd. Telsey Advisory Group lifted their price target on shares of Starbucks from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, October 29th. Finally, Bank of America set a $68.00 price target on shares of Starbucks and gave the stock a “buy” rating in a research note on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $67.01.

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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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