Starbucks Corporation (NASDAQ:SBUX) Given Average Rating of “Buy” by Analysts

Starbucks Corporation (NASDAQ:SBUX) has been given an average rating of “Buy” by the thirty-six research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-two have assigned a buy rating and three have given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $64.96.

Several research analysts have weighed in on SBUX shares. BMO Capital Markets restated a “buy” rating and set a $62.00 price objective on shares of Starbucks Corporation in a report on Tuesday, April 4th. Deutsche Bank AG restated a “hold” rating and set a $59.00 price objective on shares of Starbucks Corporation in a report on Tuesday, April 11th. Vetr upgraded shares of Starbucks Corporation from a “buy” rating to a “strong-buy” rating and set a $64.50 price objective on the stock in a report on Wednesday, April 12th. Cowen and Company restated an “outperform” rating and set a $66.00 price objective on shares of Starbucks Corporation in a report on Monday, April 17th. Finally, Zacks Investment Research upgraded shares of Starbucks Corporation from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Tuesday, April 18th.

ILLEGAL ACTIVITY WARNING: This article was reported by [[site]] and is the property of of [[site]]. If you are viewing this article on another publication, it was stolen and republished in violation of US and international copyright legislation. The legal version of this article can be viewed at [[permalink]].

Shares of Starbucks Corporation (SBUX) traded down 9.24% during midday trading on Monday, reaching $54.00. 53,454,789 shares of the company’s stock traded hands. The firm has a market cap of $78.20 billion, a PE ratio of 27.26 and a beta of 0.82. Starbucks Corporation has a 52-week low of $50.84 and a 52-week high of $64.87. The company has a 50 day moving average of $58.89 and a 200 day moving average of $58.54.

Starbucks Corporation (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, July 27th. The coffee company reported $0.55 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. Starbucks Corporation had a net margin of 12.93% and a return on equity of 53.01%. The firm had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. On average, equities analysts predict that Starbucks Corporation will post $2.10 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Thursday, August 10th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.85%. Starbucks Corporation’s dividend payout ratio is currently 50.76%.

In related news, insider Clifford Burrows sold 114,826 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $59.46, for a total value of $6,827,553.96. Following the sale, the insider now directly owns 363,343 shares of the company’s stock, valued at $21,604,374.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Myron E. Ullman III sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $60.43, for a total transaction of $1,208,600.00. Following the completion of the sale, the director now directly owns 34,000 shares in the company, valued at $2,054,620. The disclosure for this sale can be found here. Insiders sold 144,826 shares of company stock worth $8,642,454 over the last ninety days. 3.40% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in SBUX. Appropriate Balance Financial Services Inc. increased its stake in shares of Starbucks Corporation by 1.6% in the second quarter. Appropriate Balance Financial Services Inc. now owns 839 shares of the coffee company’s stock worth $14,396,000 after buying an additional 13 shares in the last quarter. Union Bankshares Corp increased its stake in shares of Starbucks Corporation by 0.4% in the second quarter. Union Bankshares Corp now owns 3,508 shares of the coffee company’s stock worth $204,000 after buying an additional 14 shares in the last quarter. Vaughan David Investments Inc. IL increased its stake in shares of Starbucks Corporation by 0.6% in the first quarter. Vaughan David Investments Inc. IL now owns 4,649 shares of the coffee company’s stock worth $271,000 after buying an additional 26 shares in the last quarter. Alpha Windward LLC increased its position in Starbucks Corporation by 1.0% in the first quarter. Alpha Windward LLC now owns 2,961 shares of the coffee company’s stock valued at $173,000 after buying an additional 30 shares during the period. Finally, CWM LLC increased its position in Starbucks Corporation by 0.6% in the second quarter. CWM LLC now owns 5,279 shares of the coffee company’s stock valued at $308,000 after buying an additional 30 shares during the period. 69.65% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Corporation Company Profile

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.