Starbucks Corporation (NASDAQ:SBUX) SVP Paul Mutty sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $56.95, for a total value of $170,850.00. Following the completion of the transaction, the senior vice president now owns 10,438 shares of the company’s stock, valued at $594,444.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Starbucks Corporation (NASDAQ SBUX) traded down $0.31 during mid-day trading on Friday, hitting $56.93. The company’s stock had a trading volume of 6,297,502 shares, compared to its average volume of 9,385,098. The stock has a market capitalization of $82,650.00, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 1.56 and a beta of 0.72. Starbucks Corporation has a 12 month low of $52.58 and a 12 month high of $64.87. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.25.

Starbucks Corporation (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.81 billion. Starbucks Corporation had a return on equity of 53.34% and a net margin of 12.89%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 earnings per share. research analysts forecast that Starbucks Corporation will post 2.31 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 16th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.11%. This is a positive change from Starbucks Corporation’s previous quarterly dividend of $0.25. Starbucks Corporation’s dividend payout ratio (DPR) is currently 60.91%.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Appropriate Balance Financial Services Inc. grew its holdings in shares of Starbucks Corporation by 1.6% during the second quarter. Appropriate Balance Financial Services Inc. now owns 839 shares of the coffee company’s stock worth $14,396,000 after buying an additional 13 shares during the last quarter. Jacobi Capital Management LLC grew its holdings in shares of Starbucks Corporation by 2.7% during the first quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock worth $109,000 after buying an additional 50 shares during the last quarter. Gradient Investments LLC grew its holdings in shares of Starbucks Corporation by 2.5% during the second quarter. Gradient Investments LLC now owns 1,911 shares of the coffee company’s stock worth $111,000 after buying an additional 46 shares during the last quarter. Sharkey Howes & Javer grew its holdings in shares of Starbucks Corporation by 8.5% during the second quarter. Sharkey Howes & Javer now owns 1,924 shares of the coffee company’s stock worth $112,000 after buying an additional 150 shares during the last quarter. Finally, IHT Wealth Management LLC grew its holdings in shares of Starbucks Corporation by 10.2% during the first quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock worth $117,000 after buying an additional 187 shares during the last quarter. 72.01% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have commented on the company. Wedbush restated a “hold” rating on shares of Starbucks Corporation in a research note on Friday, July 28th. BTIG Research restated a “buy” rating and set a $64.00 price target on shares of Starbucks Corporation in a research note on Sunday, July 30th. Instinet restated a “buy” rating and set a $67.00 price target (down from $70.00) on shares of Starbucks Corporation in a research note on Sunday, July 30th. Stephens restated an “equal weight” rating and set a $52.00 price target (down from $58.00) on shares of Starbucks Corporation in a research note on Friday, September 29th. They noted that the move was a valuation call. Finally, Cowen and Company restated an “outperform” rating and set a $63.00 price target (down from $66.00) on shares of Starbucks Corporation in a research note on Sunday, July 30th. Twelve research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. Starbucks Corporation presently has a consensus rating of “Buy” and an average target price of $63.31.

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.

Insider Buying and Selling by Quarter for Starbucks Corporation (NASDAQ:SBUX)

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