Wedbush reissued their hold rating on shares of Starbucks Corporation (NASDAQ:SBUX) in a research note published on Friday. Wedbush also issued estimates for Starbucks Corporation’s Q4 2017 earnings at $0.55 EPS, FY2017 earnings at $2.06 EPS, Q1 2018 earnings at $0.58 EPS, Q2 2018 earnings at $0.53 EPS, Q4 2018 earnings at $0.64 EPS and FY2018 earnings at $2.35 EPS.

A number of other brokerages also recently issued reports on SBUX. Vetr downgraded shares of Starbucks Corporation from a buy rating to a hold rating and set a $65.15 price objective for the company. in a research report on Thursday, May 25th. Mizuho began coverage on shares of Starbucks Corporation in a research report on Thursday, June 8th. They issued a buy rating and a $75.00 price objective for the company. Sanford C. Bernstein reaffirmed a buy rating and issued a $67.00 price objective on shares of Starbucks Corporation in a research report on Monday, June 12th. Royal Bank Of Canada reaffirmed an outperform rating and issued a $66.00 price objective on shares of Starbucks Corporation in a research report on Tuesday, June 13th. Finally, OTR Global downgraded shares of Starbucks Corporation to a positive rating in a research report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have given a buy rating and three have assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $64.93.

Starbucks Corporation (NASDAQ SBUX) opened at 53.98 on Friday. 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. The stock has a 50 day moving average price of $58.66 and a 200 day moving average price of $58.51.

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

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

In related news, Director Myron E. Ullman III sold 10,000 shares of Starbucks Corporation stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $60.63, for a total transaction of $606,300.00. Following the completion of the transaction, the director now directly owns 24,000 shares of the company’s stock, valued at approximately $1,455,120. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Myron E. Ullman III sold 20,000 shares of Starbucks Corporation stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $60.43, for a total transaction of $1,208,600.00. Following the transaction, 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 three months, insiders have sold 144,826 shares of company stock valued at $8,642,454. 3.40% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of SBUX. Appropriate Balance Financial Services Inc. boosted its position in shares of Starbucks Corporation by 1.6% in 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 period. Union Bankshares Corp boosted its position in shares of Starbucks Corporation by 0.4% in the second quarter. Union Bankshares Corp now owns 3,508 shares of the coffee company’s stock valued at $204,000 after buying an additional 14 shares during the period. Vaughan David Investments Inc. IL boosted its position in shares of Starbucks Corporation by 0.6% in the first quarter. Vaughan David Investments Inc. IL now owns 4,649 shares of the coffee company’s stock valued at $271,000 after buying an additional 26 shares during the period. Alpha Windward LLC boosted its position in shares of Starbucks Corporation by 1.0% in the first quarter. Alpha Windward LLC now owns 2,961 shares of the coffee company’s stock valued at $173,000 after buying an additional 30 shares during the period. Finally, CWM LLC boosted its position in shares of Starbucks Corporation by 0.6% in the second quarter. CWM LLC now owns 5,279 shares of the coffee company’s stock valued at $308,000 after buying an additional 30 shares during the period. 69.59% of the stock is owned by 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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