Guggenheim lowered shares of Starbucks Corporation (NASDAQ:SBUX) from a buy rating to a neutral rating in a research note published on Friday, MarketBeat Ratings reports.

SBUX has been the subject of several other reports. Royal Bank Of Canada reissued an outperform rating and set a $66.00 target price on shares of Starbucks Corporation in a research report on Tuesday, April 18th. Jefferies Group LLC reissued a buy rating and set a $65.00 target price on shares of Starbucks Corporation in a research report on Friday, May 12th. Zacks Investment Research downgraded shares of Starbucks Corporation from a buy rating to a hold rating in a research report on Friday, April 21st. Deutsche Bank AG reissued a hold rating and set a $59.00 target price on shares of Starbucks Corporation in a research report on Tuesday, April 11th. Finally, Piper Jaffray Companies reissued a buy rating and set a $70.00 target price on shares of Starbucks Corporation in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-two have issued a buy rating and three have given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $64.93.

Starbucks Corporation (NASDAQ:SBUX) opened at 53.98 on Friday. The stock has a 50 day moving average price of $58.66 and a 200 day moving average price of $58.51. Starbucks Corporation has a one year low of $50.84 and a one year high of $64.87. The company has a market cap of $78.17 billion, a PE ratio of 27.25 and a beta of 0.82.

Starbucks Corporation (NASDAQ:SBUX) last posted its earnings results on Thursday, July 27th. The coffee company reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.76 billion. Starbucks Corporation had a net margin of 12.93% and a return on equity of 53.01%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. On average, equities analysts anticipate that Starbucks Corporation will post $2.10 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Thursday, August 10th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Tuesday, August 8th. Starbucks Corporation’s dividend payout ratio (DPR) is presently 50.76%.

In other news, Director Myron E. Ullman III sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $60.63, for a total value of $606,300.00. Following the completion of the sale, the director now directly owns 24,000 shares of the company’s stock, valued at approximately $1,455,120. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Myron E. Ullman III sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $60.43, for a total transaction of $1,208,600.00. Following the completion of the sale, the director now directly owns 34,000 shares of the company’s stock, valued at $2,054,620. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 144,826 shares of company stock valued at $8,642,454. Corporate insiders own 3.40% of the company’s stock.

Large investors have recently bought and sold shares of the company. Gradient Investments LLC boosted its stake in Starbucks Corporation by 62.6% in the first quarter. Gradient Investments LLC now owns 1,865 shares of the coffee company’s stock valued at $109,000 after buying an additional 718 shares in the last quarter. Jacobi Capital Management LLC boosted its stake in Starbucks Corporation by 2.7% in the first quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock valued at $109,000 after buying an additional 50 shares in the last quarter. Sharkey Howes & Javer boosted its stake in Starbucks Corporation by 8.5% in the second quarter. Sharkey Howes & Javer now owns 1,924 shares of the coffee company’s stock valued at $112,000 after buying an additional 150 shares in the last quarter. IHT Wealth Management LLC boosted its stake in Starbucks Corporation by 10.2% in the first quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock valued at $117,000 after buying an additional 187 shares in the last quarter. Finally, TrimTabs Asset Management LLC acquired a new position in shares of Starbucks Corporation during the first quarter worth about $122,000. 69.59% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Starbucks Corporation (NASDAQ:SBUX)

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