Starbucks Co. (NASDAQ:SBUX) Director Myron E. Ullman III sold 25,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $54.52, for a total transaction of $1,363,000.00. Following the sale, the director now directly owns 39,000 shares in the company, valued at $2,126,280. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Starbucks Co. (NASDAQ:SBUX) traded up $0.80 during midday trading on Monday, reaching $55.38. 10,970,000 shares of the company traded hands, compared to its average volume of 12,250,000. Starbucks Co. has a 52-week low of $52.58 and a 52-week high of $64.87. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.01 and a quick ratio of 0.81. The stock has a market capitalization of $78,790.00, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 1.51 and a beta of 0.70.
Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, January 25th. The coffee company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Starbucks had a net margin of 19.28% and a return on equity of 56.35%. The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same quarter last year, the firm posted $0.52 earnings per share. Starbucks’s revenue for the quarter was up 5.9% compared to the same quarter last year. sell-side analysts anticipate that Starbucks Co. will post 2.49 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on SBUX shares. Vetr raised shares of Starbucks from a “buy” rating to a “strong-buy” rating and set a $64.12 price target on the stock in a research note on Tuesday, November 14th. Nomura decreased their price target on shares of Starbucks from $67.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Mizuho cut shares of Starbucks from a “buy” rating to a “neutral” rating and raised their price target for the stock from $68.00 to $75.00 in a research note on Thursday, February 1st. They noted that the move was a valuation call. Tigress Financial started coverage on shares of Starbucks in a research note on Wednesday, December 27th. They set a “buy” rating on the stock. Finally, Wedbush reaffirmed a “buy” rating and set a $70.00 price target on shares of Starbucks in a research note on Monday, January 22nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.63.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC raised its stake in shares of Starbucks by 3,076.5% during the second quarter. Janus Henderson Group PLC now owns 13,889,820 shares of the coffee company’s stock valued at $809,917,000 after purchasing an additional 13,452,551 shares during the period. Parnassus Investments CA purchased a new stake in shares of Starbucks during the third quarter valued at approximately $498,863,000. Capital International Investors raised its stake in shares of Starbucks by 28.3% during the third quarter. Capital International Investors now owns 21,269,515 shares of the coffee company’s stock valued at $1,142,386,000 after purchasing an additional 4,696,452 shares during the period. Harding Loevner LP purchased a new stake in shares of Starbucks during the third quarter valued at approximately $128,044,000. Finally, Renaissance Technologies LLC raised its stake in shares of Starbucks by 539.2% during the second quarter. Renaissance Technologies LLC now owns 3,918,784 shares of the coffee company’s stock valued at $228,504,000 after purchasing an additional 3,305,700 shares during the period. Hedge funds and other institutional investors own 71.92% of the company’s stock.
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Starbucks Company Profile
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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