Investors Sell Shares of Starbucks (SBUX) on Strength (SBUX)

Investors sold shares of Starbucks Co. (NASDAQ:SBUX) on strength during trading on Thursday. $112.88 million flowed into the stock on the tick-up and $224.34 million flowed out of the stock on the tick-down, for a money net flow of $111.46 million out of the stock. Of all companies tracked, Starbucks had the 14th highest net out-flow for the day. Starbucks traded up $0.36 for the day and closed at $58.63

SBUX has been the topic of several analyst reports. ValuEngine cut shares of Starbucks from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 4th. DZ Bank raised shares of Starbucks from a “sell” rating to a “hold” rating and reduced their target price for the company from $52.00 to $48.00 in a report on Friday, July 6th. Royal Bank of Canada reduced their target price on shares of Starbucks to $58.00 and set an “outperform” rating on the stock in a report on Monday, July 16th. They noted that the move was a valuation call. Telsey Advisory Group reduced their target price on shares of Starbucks from $60.00 to $58.00 and set a “market perform” rating on the stock in a report on Tuesday, July 17th. Finally, Barclays reduced their target price on shares of Starbucks from $60.00 to $57.00 and set a “$51.15” rating on the stock in a report on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Starbucks presently has an average rating of “Buy” and an average price target of $60.62.

The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $79.04 billion, a price-to-earnings ratio of 28.46, a P/E/G ratio of 1.59 and a beta of 0.60.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, November 1st. The coffee company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Starbucks had a net margin of 18.87% and a return on equity of 67.11%. The company had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter last year, the company earned $0.55 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, research analysts anticipate that Starbucks Co. will post 2.4 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.46%. Starbucks’s payout ratio is currently 69.90%.

In other Starbucks news, insider Rosalind G. Brewer bought 5,000 shares of the stock in a transaction dated Monday, August 20th. The shares were acquired at an average cost of $54.04 per share, for a total transaction of $270,200.00. Following the completion of the transaction, the insider now owns 7,302 shares in the company, valued at approximately $394,600.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Javier G. Teruel sold 166,666 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $52.70, for a total transaction of $8,783,298.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 295,832 shares of company stock worth $15,834,037. 3.40% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in SBUX. Archford Capital Strategies LLC grew its position in shares of Starbucks by 669.7% during the second quarter. Archford Capital Strategies LLC now owns 2,186 shares of the coffee company’s stock worth $107,000 after acquiring an additional 1,902 shares during the last quarter. Polaris Greystone Financial Group LLC purchased a new position in shares of Starbucks during the third quarter worth approximately $107,000. Fort L.P. purchased a new position in shares of Starbucks during the second quarter worth approximately $112,000. Point72 Hong Kong Ltd purchased a new position in shares of Starbucks during the second quarter worth approximately $115,000. Finally, RPg Family Wealth Advisory LLC grew its position in shares of Starbucks by 155.6% during the second quarter. RPg Family Wealth Advisory LLC now owns 2,748 shares of the coffee company’s stock worth $134,000 after acquiring an additional 1,673 shares during the last quarter. Institutional investors and hedge funds own 71.86% of the company’s stock.

Starbucks Company Profile (NASDAQ:SBUX)

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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