Starbucks Co. (NASDAQ:SBUX) Director Sells $947,435.00 in Stock

Starbucks Co. (NASDAQ:SBUX) Director Myron E. Ullman III sold 9,973 shares of Starbucks stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $95.00, for a total value of $947,435.00. Following the transaction, the director now owns 28,390 shares in the company, valued at $2,697,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Myron E. Ullman III also recently made the following trade(s):

  • On Monday, June 3rd, Myron E. Ullman III sold 9,973 shares of Starbucks stock. The shares were sold at an average price of $76.12, for a total value of $759,144.76.

Shares of SBUX stock opened at $95.51 on Monday. Starbucks Co. has a 12-month low of $51.19 and a 12-month high of $99.72. The stock has a 50-day moving average price of $88.57. The company has a market capitalization of $114.17 billion, a PE ratio of 39.47, a price-to-earnings-growth ratio of 2.63 and a beta of 0.55.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, July 25th. The coffee company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. Starbucks had a negative return on equity of 125.91% and a net margin of 13.63%. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.67 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. As a group, research analysts expect that Starbucks Co. will post 2.82 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Thursday, August 8th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $1.44 annualized dividend and a dividend yield of 1.51%. Starbucks’s dividend payout ratio (DPR) is 59.50%.

Several hedge funds have recently modified their holdings of SBUX. Norges Bank bought a new stake in shares of Starbucks in the fourth quarter worth about $807,368,000. Two Sigma Advisers LP bought a new stake in Starbucks during the fourth quarter worth approximately $352,796,000. Robeco Institutional Asset Management B.V. increased its stake in Starbucks by 162.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 3,327,726 shares of the coffee company’s stock worth $278,964,000 after acquiring an additional 2,058,082 shares during the last quarter. FMR LLC increased its stake in Starbucks by 19.8% during the first quarter. FMR LLC now owns 10,424,208 shares of the coffee company’s stock worth $774,936,000 after acquiring an additional 1,720,231 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Starbucks by 432.2% during the first quarter. Assenagon Asset Management S.A. now owns 901,772 shares of the coffee company’s stock worth $67,038,000 after acquiring an additional 1,173,260 shares during the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on SBUX shares. Wedbush boosted their price objective on Starbucks from $88.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Oppenheimer boosted their price objective on Starbucks from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Zacks Investment Research upgraded Starbucks from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research report on Tuesday, June 18th. OTR Global upgraded Starbucks to a “positive” rating in a research report on Tuesday, July 16th. Finally, Morgan Stanley boosted their price objective on Starbucks from $81.00 to $88.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Starbucks has a consensus rating of “Buy” and an average price target of $89.53.

Starbucks Company Profile

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 beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Insider Buying and Selling by Quarter for Starbucks (NASDAQ:SBUX)

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