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

Starbucks Co. (NASDAQ:SBUX) EVP Sara Kelly sold 250 shares of Starbucks stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $88.00, for a total transaction of $22,000.00. Following the completion of the transaction, the executive vice president now owns 46,441 shares in the company, valued at approximately $4,086,808. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, March 21st, Sara Kelly sold 250 shares of Starbucks stock. The stock was sold at an average price of $92.63, for a total value of $23,157.50.
• On Wednesday, February 21st, Sara Kelly sold 250 shares of Starbucks stock. The stock was sold at an average price of $93.86, for a total value of $23,465.00.

Starbucks Stock Up 1.0 %

SBUX stock opened at $88.75 on Thursday. The firm has a 50 day moving average of $90.57 and a two-hundred day moving average of $94.35. Starbucks Co. has a 12 month low of $84.29 and a 12 month high of $115.48. The company has a market capitalization of $100.48 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 1.48 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The business had revenue of $9.43 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, research analysts expect that Starbucks Co. will post 3.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Thursday, May 16th. Starbucks’s payout ratio is 60.96%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. BMO Capital Markets dropped their price target on Starbucks from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 31st. Jefferies Financial Group dropped their target price on shares of Starbucks from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Tuesday, April 16th. Gordon Haskett downgraded shares of Starbucks from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research report on Tuesday, January 16th. Wells Fargo & Company reiterated an “overweight” rating and set a $105.00 price objective on shares of Starbucks in a research report on Monday, April 1st. Finally, Stifel Nicolaus cut their target price on shares of Starbucks from $102.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. Fourteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $106.68.

Institutional Investors Weigh In On Starbucks

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBUX. Summit Financial LLC lifted its stake in shares of Starbucks by 2.9% in the first quarter. Summit Financial LLC now owns 16,043 shares of the coffee company’s stock worth $1,466,000 after buying an additional 458 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Starbucks by 19.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 287,740 shares of the coffee company’s stock worth $26,297,000 after acquiring an additional 46,494 shares during the period. Private Trust Co. NA lifted its position in Starbucks by 5.4% during the 1st quarter. Private Trust Co. NA now owns 12,518 shares of the coffee company’s stock worth $1,144,000 after acquiring an additional 639 shares during the last quarter. Leavell Investment Management Inc. boosted its holdings in Starbucks by 32.4% during the first quarter. Leavell Investment Management Inc. now owns 4,215 shares of the coffee company’s stock valued at $385,000 after acquiring an additional 1,031 shares during the period. Finally, Family Legacy Inc. grew its position in shares of Starbucks by 0.8% in the first quarter. Family Legacy Inc. now owns 30,228 shares of the coffee company’s stock valued at $2,763,000 after purchasing an additional 250 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Company Profile

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.