Investors Sell Starbucks (SBUX) on Strength (SBUX)

Investors sold shares of Starbucks Co. (NASDAQ:SBUX) on strength during trading hours on Wednesday. $95.48 million flowed into the stock on the tick-up and $159.67 million flowed out of the stock on the tick-down, for a money net flow of $64.19 million out of the stock. Of all stocks tracked, Starbucks had the 31st highest net out-flow for the day. Starbucks traded up $0.32 for the day and closed at $55.99

Several equities analysts have weighed in on SBUX shares. OTR Global raised Starbucks to a “positive” rating in a research note on Thursday, October 26th. Morgan Stanley lifted their target price on Starbucks from $62.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, November 10th. Vetr cut Starbucks from a “buy” rating to a “hold” rating and set a $61.72 target price on the stock. in a research note on Monday, January 8th. Tigress Financial started coverage on Starbucks in a research note on Wednesday, December 27th. They set a “buy” rating on the stock. Finally, Zacks Investment Research cut Starbucks from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have given a buy rating to the stock. Starbucks has a consensus rating of “Buy” and an average price target of $64.63.

The company has a market capitalization of $78,700.00, a PE ratio of 18.79, a PEG ratio of 1.53 and a beta of 0.70. The company has a quick ratio of 0.81, a current ratio of 1.01 and a debt-to-equity ratio of 0.79.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $6.19 billion. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. sell-side analysts anticipate that Starbucks Co. will post 2.49 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, February 8th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, February 7th. This represents a $1.20 dividend on an annualized basis and a yield of 2.14%. Starbucks’s payout ratio is currently 40.27%.

In other Starbucks news, insider Howard D. Schultz sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $57.28, for a total transaction of $1,432,000.00. Following the completion of the sale, the insider now owns 29,798,282 shares of the company’s stock, valued at $1,706,845,592.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Clifford Burrows sold 162,826 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $57.02, for a total value of $9,284,338.52. Following the sale, the insider now directly owns 331,829 shares of the company’s stock, valued at approximately $18,920,889.58. The disclosure for this sale can be found here. Insiders have sold 329,492 shares of company stock valued at $18,859,801 in the last ninety days. Company insiders own 3.48% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Taylor Hoffman Wealth Management acquired a new position in shares of Starbucks during the fourth quarter worth approximately $107,000. Prime Capital Investment Advisors LLC acquired a new position in shares of Starbucks during the fourth quarter worth approximately $113,000. Jacobi Capital Management LLC lifted its holdings in shares of Starbucks by 6.9% during the second quarter. Jacobi Capital Management LLC now owns 2,007 shares of the coffee company’s stock worth $116,000 after buying an additional 129 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Starbucks during the third quarter worth approximately $111,000. Finally, Gradient Investments LLC acquired a new position in shares of Starbucks during the fourth quarter worth approximately $117,000. 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.

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