Starbucks’ (SBUX) Hold Rating Reiterated at TD Securities

TD Securities restated their hold rating on shares of Starbucks (NASDAQ:SBUX) in a research report released on Thursday morning, Marketbeat.com reports. The firm currently has a $90.00 price objective on the coffee company’s stock.

A number of other equities research analysts have also recently commented on the stock. Robert W. Baird reiterated a “neutral” rating and set a $85.00 price target (down previously from $114.00) on shares of Starbucks in a report on Monday, April 7th. Stifel Nicolaus cut their price target on shares of Starbucks from $103.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Wedbush increased their price target on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price target on shares of Starbucks in a report on Friday, May 16th. Finally, BMO Capital Markets cut their price target on shares of Starbucks from $115.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Starbucks has an average rating of “Hold” and a consensus target price of $97.92.

Starbucks Stock Performance

Shares of SBUX opened at $84.05 on Thursday. The stock has a market cap of $95.51 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The firm’s 50-day simple moving average is $85.78 and its two-hundred day simple moving average is $95.71.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.10). The business had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.90 billion. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. Starbucks’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 EPS. Equities research analysts predict that Starbucks will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks’s payout ratio is presently 88.41%.

Institutional Trading of Starbucks

A number of large investors have recently modified their holdings of SBUX. Financial Life Planners acquired a new position in Starbucks in the fourth quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Starbucks in the fourth quarter valued at approximately $25,000. Graney & King LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at approximately $26,000. Collier Financial acquired a new stake in shares of Starbucks in the fourth quarter valued at approximately $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Starbucks during the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.