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 dated Monday, April 22nd. The stock was sold at an average price of $88.00, for a total value of $22,000.00. Following the completion of the transaction, the executive vice president now owns 46,441 shares in the company, valued at $4,086,808. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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 value 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 Up 1.0 %

Shares of SBUX traded up $0.88 during mid-day trading on Wednesday, hitting $88.75. The stock had a trading volume of 7,178,942 shares, compared to its average volume of 8,408,188. The company has a market cap of $100.48 billion, a PE ratio of 23.73, a PEG ratio of 1.44 and a beta of 0.97. The company’s fifty day simple moving average is $90.57 and its two-hundred day simple moving average is $94.35. Starbucks Co. has a fifty-two week low of $84.29 and a fifty-two week high of $115.48.

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

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a yield of 2.57%. Starbucks’s dividend payout ratio is currently 60.96%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SBUX. Capital Investment Advisors LLC boosted its position in Starbucks by 1.0% during the 3rd quarter. Capital Investment Advisors LLC now owns 12,710 shares of the coffee company’s stock valued at $1,160,000 after purchasing an additional 128 shares during the period. 1900 Wealth Management LLC acquired a new position in Starbucks during the 3rd quarter valued at approximately $264,000. DAVENPORT & Co LLC boosted its position in Starbucks by 1.1% during the 3rd quarter. DAVENPORT & Co LLC now owns 104,843 shares of the coffee company’s stock worth $9,569,000 after acquiring an additional 1,177 shares during the period. Mach 1 Financial Group LLC acquired a new position in Starbucks during the 3rd quarter worth $225,000. Finally, KFG Wealth Management LLC boosted its position in Starbucks by 8.5% during the 3rd quarter. KFG Wealth Management LLC now owns 3,083 shares of the coffee company’s stock worth $281,000 after acquiring an additional 241 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

SBUX has been the topic of a number of research reports. Stifel Nicolaus cut their price objective on Starbucks from $102.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, April 11th. BMO Capital Markets dropped their target price on Starbucks from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, January 31st. Morgan Stanley dropped their target price on Starbucks from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. TD Cowen reiterated a “hold” rating and set a $100.00 target price on shares of Starbucks in a report on Thursday, April 11th. Finally, Wedbush reiterated a “neutral” rating and set a $95.00 target price on shares of Starbucks in a report on Wednesday, January 31st. Fourteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Starbucks presently has a consensus rating of “Hold” and a consensus price target of $106.68.

About Starbucks

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.