Traders Sell Starbucks (SBUX) on Strength (SBUX)

Traders sold shares of Starbucks Co. (NASDAQ:SBUX) on strength during trading hours on Tuesday. $65.67 million flowed into the stock on the tick-up and $111.46 million flowed out of the stock on the tick-down, for a money net flow of $45.79 million out of the stock. Of all equities tracked, Starbucks had the 0th highest net out-flow for the day. Starbucks traded up $0.16 for the day and closed at $60.56

SBUX has been the topic of several recent research reports. OTR Global upgraded Starbucks to a “positive” rating in a research note on Thursday, October 26th. Morgan Stanley upped their price target on Starbucks from $62.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, November 10th. Vetr upgraded Starbucks from a “buy” rating to a “strong-buy” rating and set a $64.05 price target on the stock in a research note on Tuesday, November 21st. Tigress Financial initiated coverage on Starbucks in a research note on Wednesday, December 27th. They issued a “buy” rating on the stock. Finally, Cowen restated an “outperform” rating and issued a $62.00 price target (down previously from $63.00) on shares of Starbucks in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $63.36.

The company has a current ratio of 1.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. The company has a market cap of $86,850.00, a P/E ratio of 30.94, a P/E/G ratio of 1.65 and a beta of 0.76.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, November 2nd. The coffee company reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same period last year, the business posted $0.56 EPS. The company’s revenue was down .2% compared to the same quarter last year. sell-side analysts expect that Starbucks Co. will post 2.37 earnings per share for the current fiscal year.

In other news, Director Craig Weatherup sold 56,666 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $56.73, for a total value of $3,214,662.18. Following the transaction, the director now directly owns 56,666 shares in the company, valued at approximately $3,214,662.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Javier G. Teruel sold 62,966 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $57.61, for a total value of $3,627,471.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 497,808 shares of company stock worth $28,559,521. Company insiders own 3.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Middleton & Co Inc MA boosted its stake in shares of Starbucks by 11.8% in the 3rd quarter. Middleton & Co Inc MA now owns 98,873 shares of the coffee company’s stock worth $5,310,000 after buying an additional 10,458 shares during the last quarter. WINTON GROUP Ltd boosted its stake in shares of Starbucks by 29.7% in the 2nd quarter. WINTON GROUP Ltd now owns 27,191 shares of the coffee company’s stock worth $1,586,000 after buying an additional 6,225 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Starbucks by 12.5% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 92,401 shares of the coffee company’s stock worth $5,388,000 after buying an additional 10,250 shares during the last quarter. Geneva Advisors LLC boosted its stake in shares of Starbucks by 2.3% in the 2nd quarter. Geneva Advisors LLC now owns 2,750,639 shares of the coffee company’s stock worth $160,390,000 after buying an additional 63,041 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Starbucks by 3,076.5% in the 2nd quarter. Janus Henderson Group PLC now owns 13,889,820 shares of the coffee company’s stock worth $809,917,000 after buying an additional 13,452,551 shares during the last quarter. Hedge funds and other institutional investors own 70.72% of the company’s stock.

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About Starbucks

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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