Sara Kelly Sells 250 Shares of Starbucks Co. (NASDAQ:SBUX) Stock

Starbucks Co. (NASDAQ:SBUX) EVP Sara Kelly sold 250 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $88.00, for a total transaction of $22,000.00. Following the completion of the sale, the executive vice president now owns 46,441 shares in the company, valued at approximately $4,086,808. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sara Kelly also recently made the following trade(s):

• On Thursday, March 21st, Sara Kelly sold 250 shares of Starbucks stock. The stock was sold at an average price of $92.63, for a total transaction of $23,157.50.
• On Wednesday, February 21st, Sara Kelly sold 250 shares of Starbucks stock. The stock was sold at an average price of $93.86, for a total value of $23,465.00.

Starbucks Stock Performance

Shares of SBUX opened at $87.84 on Friday. The stock has a 50 day simple moving average of $90.46 and a 200 day simple moving average of $94.30. Starbucks Co. has a 52-week low of $84.29 and a 52-week high of $115.48. The firm has a market capitalization of $99.45 billion, a PE ratio of 23.49, a P/E/G ratio of 1.49 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The firm had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same period last year, the company earned $0.75 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. Equities research analysts predict that Starbucks Co. will post 3.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is currently 60.96%.

Institutional Investors Weigh In On Starbucks

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vima LLC bought a new stake in shares of Starbucks during the 4th quarter worth approximately $26,000. Scarborough Advisors LLC bought a new stake in shares of Starbucks during the 4th quarter worth approximately $26,000. DSM Capital Partners LLC bought a new stake in shares of Starbucks during the 4th quarter worth approximately $27,000. Riggs Asset Managment Co. Inc. raised its stake in shares of Starbucks by 1,578.9% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock worth $29,000 after purchasing an additional 300 shares in the last quarter. Finally, Fairman Group LLC bought a new stake in shares of Starbucks during the 4th quarter worth approximately $30,000. Institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SBUX. Royal Bank of Canada restated a “sector perform” rating and issued a $102.00 price objective on shares of Starbucks in a research note on Wednesday, January 31st. Morgan Stanley cut their price target on shares of Starbucks from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Guggenheim lowered their price objective on Starbucks from $100.00 to $91.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Citigroup dropped their target price on Starbucks from $102.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Finally, Barclays decreased their price target on Starbucks from $116.00 to $112.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 31st. Fourteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $106.68.

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.