Starbucks Co. (NASDAQ:SBUX) Director Javier G. Teruel sold 59,838 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $96.92, for a total value of $5,799,498.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

SBUX traded down $0.20 during midday trading on Thursday, reaching $96.12. 76,448 shares of the company were exchanged, compared to its average volume of 8,039,421. Starbucks Co. has a one year low of $52.42 and a one year high of $99.72. The stock has a market capitalization of $115.70 billion, a P/E ratio of 39.82, a PEG ratio of 2.67 and a beta of 0.55. The stock’s 50-day simple moving average is $93.11 and its 200 day simple moving average is $80.01.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, July 25th. The coffee company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.06. Starbucks had a negative return on equity of 125.91% and a net margin of 13.63%. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.67 billion. During the same quarter last year, the business earned $0.62 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. Equities analysts expect that Starbucks Co. will post 2.83 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Thursday, August 8th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, August 7th. Starbucks’s dividend payout ratio (DPR) is currently 59.50%.

A number of institutional investors and hedge funds have recently modified their holdings of SBUX. Dimensional Fund Advisors LP increased its stake in shares of Starbucks by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,100,583 shares of the coffee company’s stock worth $264,063,000 after buying an additional 20,719 shares during the last quarter. Gateway Investment Advisers LLC increased its stake in Starbucks by 35.5% during the first quarter. Gateway Investment Advisers LLC now owns 94,288 shares of the coffee company’s stock valued at $7,009,000 after purchasing an additional 24,698 shares during the last quarter. Canton Hathaway LLC increased its stake in Starbucks by 64.5% during the first quarter. Canton Hathaway LLC now owns 2,550 shares of the coffee company’s stock valued at $189,000 after purchasing an additional 1,000 shares during the last quarter. North Star Investment Management Corp. increased its stake in Starbucks by 0.9% during the first quarter. North Star Investment Management Corp. now owns 46,225 shares of the coffee company’s stock valued at $3,436,000 after purchasing an additional 421 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in Starbucks by 360.1% during the first quarter. Pacer Advisors Inc. now owns 242,011 shares of the coffee company’s stock valued at $17,991,000 after purchasing an additional 189,412 shares during the last quarter. Hedge funds and other institutional investors own 72.32% of the company’s stock.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Starbucks from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a report on Tuesday, June 18th. Wedbush raised their price target on Starbucks from $88.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Stephens raised their price target on Starbucks from $72.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Morgan Stanley raised their price target on Starbucks from $81.00 to $88.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Finally, Robert W. Baird cut Starbucks from an “outperform” rating to a “neutral” rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Starbucks currently has a consensus rating of “Buy” and an average target price of $89.53.

Starbucks Company Profile

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 beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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

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