Insider Selling: Starbucks Co. (NASDAQ:SBUX) EVP Sells 4,030 Shares of Stock

Starbucks Co. (NASDAQ:SBUX) EVP Gina Woods sold 4,030 shares of the company’s stock in a transaction on Tuesday, November 23rd. The shares were sold at an average price of $113.41, for a total value of $457,042.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NASDAQ:SBUX opened at $113.97 on Thursday. The stock has a market cap of $134.38 billion, a P/E ratio of 32.10, a PEG ratio of 1.60 and a beta of 0.84. The stock has a 50 day simple moving average of $112.55 and a 200 day simple moving average of $114.44. Starbucks Co. has a 1-year low of $95.92 and a 1-year high of $126.32.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Thursday, October 28th. The coffee company reported $1.00 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. The business had revenue of $8.10 billion during the quarter, compared to analysts’ expectations of $8.22 billion. Starbucks had a negative return on equity of 55.34% and a net margin of 14.45%. The firm’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS. As a group, equities research analysts predict that Starbucks Co. will post 3.47 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 25th. Investors of record on Friday, February 11th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, February 10th. This represents a $1.96 annualized dividend and a yield of 1.72%. Starbucks’s payout ratio is currently 55.21%.

A number of large investors have recently added to or reduced their stakes in the stock. Mcdonald Partners LLC increased its stake in Starbucks by 54.8% during the 3rd quarter. Mcdonald Partners LLC now owns 7,310 shares of the coffee company’s stock worth $806,000 after acquiring an additional 2,589 shares during the period. Cambridge Trust Co. increased its stake in Starbucks by 1.3% during the 3rd quarter. Cambridge Trust Co. now owns 184,795 shares of the coffee company’s stock worth $20,385,000 after acquiring an additional 2,333 shares during the period. EP Wealth Advisors LLC increased its stake in Starbucks by 11.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 346,115 shares of the coffee company’s stock worth $38,180,000 after acquiring an additional 34,974 shares during the period. American International Group Inc. increased its stake in Starbucks by 0.7% during the 3rd quarter. American International Group Inc. now owns 480,129 shares of the coffee company’s stock worth $52,963,000 after acquiring an additional 3,542 shares during the period. Finally, Wealthsource Partners LLC bought a new position in Starbucks during the 3rd quarter worth $410,000. 68.27% of the stock is owned by institutional investors and hedge funds.

SBUX has been the subject of a number of research reports. Credit Suisse Group decreased their price objective on Starbucks from $137.00 to $132.00 and set an “outperform” rating for the company in a report on Friday, October 29th. Oppenheimer decreased their price objective on Starbucks from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 29th. Stephens upgraded Starbucks from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $118.00 to $130.00 in a research note on Monday, November 1st. Barclays decreased their price target on Starbucks from $135.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, October 29th. Finally, BMO Capital Markets decreased their price target on Starbucks from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Friday, October 29th. Ten analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Starbucks currently has an average rating of “Buy” and a consensus target price of $123.00.

About Starbucks

Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: Americas; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA); and Channel Development. The Americas, CAP, EMEA segments sells coffee and other beverages, complementary food, packaged coffees, single-serve coffee products, and a focused selection of merchandise through company-oriented stores, and licensed stores.

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