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

Investors sold shares of Starbucks Corporation (NASDAQ:SBUX) on strength during trading hours on Tuesday. $135.16 million flowed into the stock on the tick-up and $194.34 million flowed out of the stock on the tick-down, for a money net flow of $59.18 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 $0.75 for the day and closed at $54.73

SBUX has been the topic of several recent research reports. Jefferies Group LLC reaffirmed an “average” rating and set a $65.00 target price on shares of Starbucks Corporation in a research note on Friday, July 28th. Deutsche Bank AG upgraded shares of Starbucks Corporation from a “hold” rating to a “buy” rating and boosted their price objective for the company from $59.00 to $69.00 in a report on Monday, May 15th. UBS AG set a $70.00 price target on shares of Starbucks Corporation and gave the stock a “buy” rating in a research note on Saturday, May 13th. Stifel Nicolaus upgraded shares of Starbucks Corporation to a “buy” rating in a research note on Saturday, May 13th. Finally, Mizuho started coverage on Starbucks Corporation in a research report on Thursday, June 8th. They set a “buy” rating and a $75.00 price objective for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $64.93.

The stock’s 50-day moving average price is $56.32 and its 200-day moving average price is $58.13. The company has a market capitalization of $76.09 billion, a price-to-earnings ratio of 26.60 and a beta of 0.80.

Starbucks Corporation (NASDAQ:SBUX) last released its quarterly earnings results on Thursday, July 27th. The coffee company reported $0.55 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.55. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.76 billion. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. Starbucks Corporation’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 EPS. Equities research analysts forecast that Starbucks Corporation will post $2.07 earnings per share for the current fiscal year.

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

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Starbucks Corporation by 2.1% in the second quarter. Vanguard Group Inc. now owns 94,417,613 shares of the coffee company’s stock worth $5,505,491,000 after buying an additional 1,953,003 shares during the period. State Street Corp increased its position in Starbucks Corporation by 2.7% in the first quarter. State Street Corp now owns 60,822,661 shares of the coffee company’s stock worth $3,551,445,000 after buying an additional 1,598,669 shares during the period. Capital World Investors increased its stake in shares of Starbucks Corporation by 2.0% in the second quarter. Capital World Investors now owns 45,458,682 shares of the coffee company’s stock valued at $2,650,696,000 after buying an additional 895,432 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Starbucks Corporation by 7.8% in the first quarter. Bank of New York Mellon Corp now owns 30,770,264 shares of the coffee company’s stock valued at $1,796,675,000 after buying an additional 2,234,324 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Starbucks Corporation by 5.2% in the second quarter. Northern Trust Corp now owns 21,452,905 shares of the coffee company’s stock valued at $1,250,919,000 after buying an additional 1,060,298 shares during the last quarter. 69.98% of the stock is currently owned by institutional investors.

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Starbucks Corporation 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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