Starbucks Corporation (NASDAQ:SBUX) had its target price hoisted by Morgan Stanley from $62.00 to $67.00 in a research report sent to investors on Friday. They currently have an overweight rating on the coffee company’s stock.

A number of other equities research analysts also recently issued reports on SBUX. Vetr upgraded shares of Starbucks Corporation from a buy rating to a strong-buy rating and set a $64.32 target price for the company in a report on Monday, November 6th. Credit Suisse Group lowered their target price on shares of Starbucks Corporation from $56.00 to $54.00 and set a neutral rating for the company in a report on Friday, November 3rd. Robert W. Baird lowered their target price on shares of Starbucks Corporation from $70.00 to $66.00 and set an outperform rating for the company in a report on Friday, November 3rd. BMO Capital Markets downgraded shares of Starbucks Corporation from an outperform rating to a market perform rating and boosted their price objective for the stock from $54.52 to $64.00 in a research note on Wednesday, August 9th. Finally, UBS AG decreased their price objective on shares of Starbucks Corporation from $67.00 to $64.00 and set a buy rating for the company in a research note on Friday, November 3rd. Twelve equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Starbucks Corporation has a consensus rating of Buy and an average target price of $63.31.

Starbucks Corporation (NASDAQ:SBUX) traded down $0.32 during trading on Friday, reaching $57.04. 7,930,300 shares of the company were exchanged, compared to its average volume of 10,954,743. Starbucks Corporation has a 52-week low of $52.58 and a 52-week high of $64.87. The stock has a market capitalization of $81,658.46, a P/E ratio of 27.56, a price-to-earnings-growth ratio of 1.56 and a beta of 0.72. The company has a current ratio of 1.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72.

Starbucks Corporation (NASDAQ:SBUX) last released its earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. Starbucks Corporation had a net margin of 12.89% and a return on equity of 53.34%. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the previous year, the firm earned $0.56 earnings per share. Starbucks Corporation’s revenue was down .2% compared to the same quarter last year. analysts anticipate that Starbucks Corporation will post 2.31 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 16th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.10%. This is a positive change from Starbucks Corporation’s previous quarterly dividend of $0.25. Starbucks Corporation’s dividend payout ratio is currently 50.76%.

In other news, Director Javier G. Teruel sold 62,966 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $57.61, for a total transaction of $3,627,471.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Myron E. Ullman III sold 22,966 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $53.41, for a total transaction of $1,226,614.06. Following the transaction, the director now owns 36,966 shares of the company’s stock, valued at approximately $1,974,354.06. The disclosure for this sale can be found here. Insiders have sold 150,708 shares of company stock valued at $8,322,192 in the last 90 days. Insiders own 3.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in SBUX. Jacobi Capital Management LLC grew its position 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 acquiring an additional 50 shares during the last quarter. Gradient Investments LLC grew its position 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 acquiring an additional 46 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Starbucks Corporation during the third quarter worth about $111,000. Sharkey Howes & Javer grew its position 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 acquiring an additional 150 shares during the last quarter. Finally, IHT Wealth Management LLC grew its position 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 acquiring an additional 187 shares during the last quarter. Institutional investors and hedge funds own 72.01% of the company’s stock.

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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