Starbucks Corporation (NASDAQ:SBUX)‘s stock had its “outperform” rating reissued by research analysts at Robert W. Baird in a note issued to investors on Thursday.

A number of other research firms also recently issued reports on SBUX. Wedbush restated an “outperform” rating and set a $65.00 price objective on shares of Starbucks Corporation in a report on Thursday, December 8th. BTIG Research set a $64.00 price objective on shares of Starbucks Corporation and gave the stock a “buy” rating in a report on Saturday, December 10th. Wells Fargo & Company restated an “outperform” rating and set a $65.00 price objective on shares of Starbucks Corporation in a report on Friday, December 9th. Jefferies Group LLC restated a “buy” rating and set a $65.00 price objective on shares of Starbucks Corporation in a report on Friday, December 9th. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $64.00 target price on shares of Starbucks Corporation in a research note on Thursday, December 1st. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Starbucks Corporation currently has a consensus rating of “Buy” and a consensus price target of $63.94.

Analyst Recommendations for Starbucks Corporation (NASDAQ:SBUX)

Shares of Starbucks Corporation (NASDAQ:SBUX) traded down 0.23% during mid-day trading on Thursday, hitting $56.73. 5,802,187 shares of the stock were exchanged. The stock has a market capitalization of $82.68 billion, a price-to-earnings ratio of 29.09 and a beta of 0.79. The stock’s 50-day moving average is $56.66 and its 200-day moving average is $55.66. Starbucks Corporation has a 52 week low of $50.84 and a 52 week high of $61.64.

Starbucks Corporation (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, January 26th. The coffee company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. Starbucks Corporation had a net margin of 13.30% and a return on equity of 51.45%. The business earned $5.70 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter last year, the company posted $0.46 earnings per share. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. Analysts forecast that Starbucks Corporation will post $2.13 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Thursday, February 9th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, February 7th. This represents a $1.00 dividend on an annualized basis and a yield of 1.76%. Starbucks Corporation’s dividend payout ratio is currently 51.28%.

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In other Starbucks Corporation news, Director Joshua Cooper Ramo sold 5,868 shares of the business’s stock in a transaction on Tuesday, January 31st. The shares were sold at an average price of $55.23, for a total transaction of $324,089.64. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Clifford Burrows sold 80,000 shares of the business’s stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $58.88, for a total transaction of $4,710,400.00. Following the transaction, the insider now directly owns 248,517 shares in the company, valued at $14,632,680.96. The disclosure for this sale can be found here. Insiders have sold a total of 254,682 shares of company stock valued at $14,935,431 over the last quarter. 3.40% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fort Point Capital Partners LLC increased its position in shares of Starbucks Corporation by 33.1% in the third quarter. Fort Point Capital Partners LLC now owns 13,825 shares of the coffee company’s stock worth $748,000 after buying an additional 3,441 shares during the last quarter. Empirical Financial Services LLC increased its position in shares of Starbucks Corporation by 5.7% in the third quarter. Empirical Financial Services LLC now owns 22,688 shares of the coffee company’s stock worth $1,228,000 after buying an additional 1,216 shares during the last quarter. Intrust Bank NA increased its position in shares of Starbucks Corporation by 3.3% in the third quarter. Intrust Bank NA now owns 25,837 shares of the coffee company’s stock worth $1,398,000 after buying an additional 816 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Starbucks Corporation by 0.8% in the third quarter. California State Teachers Retirement System now owns 3,052,444 shares of the coffee company’s stock worth $165,259,000 after buying an additional 25,600 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Starbucks Corporation by 22.3% in the third quarter. Daiwa Securities Group Inc. now owns 317,500 shares of the coffee company’s stock worth $17,770,000 after buying an additional 57,800 shares during the last quarter. 68.49% of the stock is currently owned by institutional investors and hedge funds.

About Starbucks Corporation

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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