Starbucks Co. (NASDAQ:SBUX) Given Consensus Rating of “Hold” by Analysts

Shares of Starbucks Co. (NASDAQ:SBUX) have earned an average rating of “Hold” from the twenty-six brokerages that are presently covering the stock, Marketbeat.com reports. Sixteen analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $93.75.

A number of equities analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Starbucks from $90.00 to $80.00 and set a “hold” rating on the stock in a research note on Wednesday, May 1st. JPMorgan Chase & Co. decreased their price objective on Starbucks from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. William Blair lowered Starbucks from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 1st. HSBC decreased their price objective on Starbucks from $107.00 to $84.00 and set a “hold” rating for the company in a research report on Friday, May 3rd. Finally, TD Cowen restated a “hold” rating and set a $85.00 price objective on shares of Starbucks in a research report on Thursday, June 13th.

Starbucks Stock Performance

Shares of SBUX opened at $74.83 on Wednesday. The firm has a market capitalization of $84.76 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 1.63 and a beta of 0.94. Starbucks has a one year low of $71.80 and a one year high of $107.66. The stock’s fifty day moving average is $77.87 and its 200-day moving average is $86.47.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The company had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $9.12 billion. Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS. Analysts forecast that Starbucks will post 3.58 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Friday, August 16th. Starbucks’s dividend payout ratio is currently 62.81%.

Insiders Place Their Bets

In other Starbucks news, CFO Rachel Ruggeri sold 3,750 shares of Starbucks stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $80.00, for a total value of $300,000.00. Following the transaction, the chief financial officer now directly owns 65,431 shares of the company’s stock, valued at approximately $5,234,480. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Starbucks news, CFO Rachel Ruggeri sold 3,750 shares of Starbucks stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $80.00, for a total value of $300,000.00. Following the transaction, the chief financial officer now directly owns 65,431 shares of the company’s stock, valued at approximately $5,234,480. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $80.00, for a total value of $260,000.00. Following the completion of the transaction, the chief executive officer now directly owns 78,304 shares in the company, valued at $6,264,320. The disclosure for this sale can be found here. Insiders have sold a total of 7,500 shares of company stock valued at $601,375 in the last three months. Company insiders own 1.98% of the company’s stock.

Institutional Trading of Starbucks

A number of institutional investors and hedge funds have recently modified their holdings of the company. First National Trust Co increased its position in shares of Starbucks by 2.2% during the fourth quarter. First National Trust Co now owns 5,033 shares of the coffee company’s stock valued at $483,000 after purchasing an additional 106 shares during the period. Quent Capital LLC increased its position in shares of Starbucks by 2.8% during the fourth quarter. Quent Capital LLC now owns 4,004 shares of the coffee company’s stock valued at $384,000 after purchasing an additional 108 shares during the period. Graybill Wealth Management LTD. increased its position in shares of Starbucks by 0.3% during the fourth quarter. Graybill Wealth Management LTD. now owns 40,088 shares of the coffee company’s stock valued at $3,849,000 after purchasing an additional 109 shares during the period. Omega Financial Group LLC increased its position in shares of Starbucks by 3.2% during the fourth quarter. Omega Financial Group LLC now owns 3,613 shares of the coffee company’s stock valued at $347,000 after purchasing an additional 113 shares during the period. Finally, Glass Jacobson Investment Advisors llc boosted its stake in Starbucks by 10.0% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 1,246 shares of the coffee company’s stock valued at $120,000 after buying an additional 113 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

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.