Starbucks Corporation (NASDAQ:SBUX) has received an average recommendation of “Buy” from the thirty-six research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, twenty-two have given a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $64.96.
A number of analysts have weighed in on the company. Deutsche Bank AG reaffirmed a “hold” rating and issued a $59.00 price target on shares of Starbucks Corporation in a research report on Tuesday, April 11th. Wedbush reaffirmed a “neutral” rating and issued a $60.00 price target (down previously from $65.00) on shares of Starbucks Corporation in a research report on Saturday, July 22nd. Stifel Nicolaus raised Starbucks Corporation from a “hold” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $67.00 in a research report on Wednesday, April 19th. They noted that the move was a valuation call. Vetr raised Starbucks Corporation from a “hold” rating to a “buy” rating and set a $65.47 price target for the company in a research report on Thursday, June 8th. Finally, BidaskClub raised Starbucks Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st.
Starbucks Corporation (NASDAQ SBUX) traded up 0.34% during trading on Monday, hitting $55.63. The stock had a trading volume of 7,253,947 shares. The firm has a market cap of $80.32 billion, a price-to-earnings ratio of 28.08 and a beta of 0.80. Starbucks Corporation has a 1-year low of $50.84 and a 1-year high of $64.87. The firm’s 50 day moving average is $58.47 and its 200 day moving average is $58.49.
Starbucks Corporation (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. The firm had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.76 billion. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 earnings per share. On average, analysts anticipate that Starbucks Corporation will post $2.08 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Thursday, August 10th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.80%. Starbucks Corporation’s payout ratio is 50.76%.
In related news, Director Myron E. Ullman III sold 10,000 shares of Starbucks Corporation stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $60.63, for a total value of $606,300.00. Following the transaction, the director now directly owns 24,000 shares of the company’s stock, valued at $1,455,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Clifford Burrows sold 114,826 shares of Starbucks Corporation stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $59.46, for a total transaction of $6,827,553.96. Following the completion of the transaction, the insider now directly owns 363,343 shares in the company, valued at $21,604,374.78. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC purchased a new position in Starbucks Corporation during the fourth quarter valued at about $113,821,000. Azimuth Capital Management LLC raised its position in shares of Starbucks Corporation by 1.1% in the fourth quarter. Azimuth Capital Management LLC now owns 136,167 shares of the coffee company’s stock valued at $7,560,000 after buying an additional 1,548 shares in the last quarter. Greenwood Capital Associates LLC increased its stake in Starbucks Corporation by 1.2% in the fourth quarter. Greenwood Capital Associates LLC now owns 69,308 shares of the coffee company’s stock valued at $3,848,000 after buying an additional 830 shares during the last quarter. Texas Yale Capital Corp. increased its stake in Starbucks Corporation by 25.1% in the fourth quarter. Texas Yale Capital Corp. now owns 4,661 shares of the coffee company’s stock valued at $259,000 after buying an additional 935 shares during the last quarter. Finally, Marietta Wealth Management LLC acquired a new stake in Starbucks Corporation during the fourth quarter valued at approximately $1,283,000. 69.85% of the stock is currently owned by institutional investors.
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.
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