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

Investors sold shares of Starbucks Corporation (NASDAQ:SBUX) on strength during trading hours on Monday. $60.53 million flowed into the stock on the tick-up and $110.33 million flowed out of the stock on the tick-down, for a money net flow of $49.80 million out of the stock. Of all companies tracked, Starbucks Corporation had the 0th highest net out-flow for the day. Starbucks Corporation traded up $0.04 for the day and closed at $58.02

A number of research analysts have recently commented on the stock. Jefferies Group LLC reissued a “buy” rating and set a $65.00 target price on shares of Starbucks Corporation in a research report on Friday, May 12th. UBS AG set a $67.00 target price on shares of Starbucks Corporation and gave the stock a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research cut shares of Starbucks Corporation from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Guggenheim cut shares of Starbucks Corporation from a “buy” rating to a “neutral” rating in a research report on Friday, July 28th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $70.00 target price on shares of Starbucks Corporation in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Starbucks Corporation currently has a consensus rating of “Buy” and an average price target of $64.93.

The company has a market cap of $76.09 billion, a PE ratio of 26.60 and a beta of 0.80. The stock has a 50 day moving average of $56.32 and a 200-day moving average of $58.13.

Starbucks Corporation (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, July 27th. The coffee company reported $0.55 EPS for the quarter, hitting analysts’ consensus estimates of $0.55. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The company had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. Starbucks Corporation’s revenue was up 8.1% on a year-over-year basis. Analysts expect that Starbucks Corporation will post $2.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.90%. Starbucks Corporation’s dividend payout ratio (DPR) is currently 50.76%.

In other news, Director Jorgen Vig Knudstorp bought 18,000 shares of the stock in a transaction on Friday, August 4th. The stock was acquired at an average price of $55.30 per share, with a total value of $995,400.00. Following the acquisition, the director now directly owns 18,000 shares in the company, valued at $995,400. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Myron E. Ullman III sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $60.63, for a total value of $606,300.00. Following the completion of the transaction, the director now directly owns 24,000 shares of the company’s stock, valued at approximately $1,455,120. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Douglass Winthrop Advisors LLC raised its position in shares of Starbucks Corporation by 120.1% in the first quarter. Douglass Winthrop Advisors LLC now owns 49,148 shares of the coffee company’s stock valued at $2,870,000 after buying an additional 26,819 shares during the last quarter. Vista Capital Partners Inc. increased its stake in shares of Starbucks Corporation by 0.9% in the first quarter. Vista Capital Partners Inc. now owns 21,320 shares of the coffee company’s stock valued at $1,245,000 after buying an additional 200 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of Starbucks Corporation by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 450,998 shares of the coffee company’s stock valued at $26,333,000 after buying an additional 5,620 shares during the period. Union Bankshares Corp bought a new stake in shares of Starbucks Corporation during the first quarter valued at approximately $204,000. Finally, Koshinski Asset Management Inc. increased its stake in shares of Starbucks Corporation by 36.1% in the first quarter. Koshinski Asset Management Inc. now owns 5,211 shares of the coffee company’s stock valued at $304,000 after buying an additional 1,383 shares during the period. Institutional investors and hedge funds own 69.98% of the company’s stock.

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About Starbucks Corporation

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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