Investors Sell Shares of Starbucks (SBUX) on Strength (SBUX)

Share on StockTwits

Investors sold shares of Starbucks Co. (NASDAQ:SBUX) on strength during trading on Wednesday. $47.24 million flowed into the stock on the tick-up and $95.15 million flowed out of the stock on the tick-down, for a money net flow of $47.91 million out of the stock. Of all stocks tracked, Starbucks had the 0th highest net out-flow for the day. Starbucks traded up $0.26 for the day and closed at $53.79

A number of analysts have weighed in on the stock. Piper Jaffray Companies lowered shares of Starbucks from an “overweight” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research report on Tuesday, August 21st. Zacks Investment Research upgraded shares of Starbucks from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 21st. BidaskClub upgraded shares of Starbucks from a “sell” rating to a “hold” rating in a research report on Thursday, August 16th. Oppenheimer cut their target price on shares of Starbucks from $66.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, July 27th. Finally, Wedbush cut their target price on shares of Starbucks from $54.00 to $53.00 and set a “neutral” rating on the stock in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $60.21.

The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $72.57 billion, a PE ratio of 26.32, a PEG ratio of 1.59 and a beta of 0.64.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, July 26th. The coffee company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. Starbucks had a net margin of 18.87% and a return on equity of 67.11%. The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.25 billion. During the same period in the prior year, the firm posted $0.55 EPS. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. equities analysts predict that Starbucks Co. will post 2.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Thursday, August 9th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.66%. This is an increase from Starbucks’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, August 8th. Starbucks’s dividend payout ratio is presently 69.90%.

In other Starbucks news, Director Javier G. Teruel sold 166,666 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $52.70, for a total value of $8,783,298.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rosalind G. Brewer acquired 5,000 shares of Starbucks stock in a transaction on Monday, August 20th. The stock was purchased at an average cost of $54.04 per share, with a total value of $270,200.00. Following the completion of the transaction, the insider now directly owns 7,302 shares in the company, valued at approximately $394,600.08. The disclosure for this purchase can be found here. Insiders sold a total of 196,666 shares of company stock valued at $10,374,948 over the last ninety days. 3.40% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SBUX. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Starbucks by 8.9% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 10,863 shares of the coffee company’s stock valued at $629,000 after buying an additional 884 shares in the last quarter. Scholtz & Company LLC lifted its stake in shares of Starbucks by 3.7% during the 1st quarter. Scholtz & Company LLC now owns 25,750 shares of the coffee company’s stock valued at $1,491,000 after buying an additional 925 shares in the last quarter. Mutual Advisors LLC lifted its stake in shares of Starbucks by 5.5% during the 1st quarter. Mutual Advisors LLC now owns 18,464 shares of the coffee company’s stock valued at $1,069,000 after buying an additional 959 shares in the last quarter. DDD Partners LLC lifted its stake in shares of Starbucks by 13.3% during the 2nd quarter. DDD Partners LLC now owns 8,317 shares of the coffee company’s stock valued at $406,000 after buying an additional 975 shares in the last quarter. Finally, Vontobel Swiss Wealth Advisors AG lifted its stake in shares of Starbucks by 2.7% during the 1st quarter. Vontobel Swiss Wealth Advisors AG now owns 36,693 shares of the coffee company’s stock valued at $2,124,000 after buying an additional 982 shares in the last quarter. Hedge funds and other institutional investors own 72.16% of the company’s stock.

About Starbucks (NASDAQ:SBUX)

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

Featured Article: Momentum Indicator: Relative Strength Index

Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply