Starbucks Corporation (NASDAQ:SBUX) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 29,059,573 shares, a growth of 20.2% from the November 15th total of 24,180,102 shares. Based on an average daily volume of 7,990,258 shares, the short-interest ratio is currently 3.6 days. Approximately 2.1% of the company’s shares are sold short.

A number of research firms recently weighed in on SBUX. Vetr downgraded Starbucks from a “strong-buy” rating to a “buy” rating and set a $62.86 price objective for the company. in a report on Monday, November 27th. Robert W. Baird decreased their price target on Starbucks from $70.00 to $66.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Zacks Investment Research downgraded Starbucks from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Mizuho reiterated a “buy” rating and set a $75.00 price target on shares of Starbucks in a report on Friday, September 29th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $67.00 price target on shares of Starbucks in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $63.26.

In related news, SVP Paul Mutty sold 3,000 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 10,438 shares in the company, valued at $594,444.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Howard D. Schultz sold 290,176 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $57.03, for a total value of $16,548,737.28. Following the completion of the sale, the insider now owns 29,872,564 shares of the company’s stock, valued at $1,703,632,324.92. The disclosure for this sale can be found here. Insiders sold 497,808 shares of company stock valued at $28,559,521 over the last 90 days. 3.40% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Jacobi Capital Management LLC lifted its position in Starbucks by 2.7% in the 1st quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock valued at $109,000 after acquiring an additional 50 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new position in Starbucks in the 3rd quarter valued at about $111,000. IHT Wealth Management LLC lifted its position in Starbucks by 10.2% in the 1st quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock valued at $117,000 after acquiring an additional 187 shares in the last quarter. Valley National Advisers Inc. lifted its position in Starbucks by 2.8% in the 2nd quarter. Valley National Advisers Inc. now owns 2,089 shares of the coffee company’s stock valued at $122,000 after acquiring an additional 57 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new position in Starbucks in the 2nd quarter valued at about $128,000. Institutional investors own 71.07% of the company’s stock.

Shares of Starbucks (NASDAQ:SBUX) opened at $59.27 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.93. The company has a market capitalization of $83,970.00, a PE ratio of 28.31, a PEG ratio of 1.60 and a beta of 0.76. Starbucks has a 12 month low of $52.58 and a 12 month high of $64.87.

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

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 16th were paid a $0.30 dividend. The ex-dividend date was Wednesday, November 15th. This is an increase from Starbucks’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 2.02%. Starbucks’s dividend payout ratio (DPR) is currently 60.91%.

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About Starbucks

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.

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