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.
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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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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