Insider Selling: Starbucks Co. (SBUX) Director Sells 25,000 Shares of Stock

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.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, February 8th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $1.20 annualized dividend and a yield of 2.17%. Starbucks’s payout ratio is 39.60%.

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.

Insider Buying and Selling by Quarter for Starbucks (NASDAQ:SBUX)

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