Starbucks Co. (NASDAQ:SBUX) CEO Michael Aaron Conway Sells 3,250 Shares

Starbucks Co. (NASDAQ:SBUX) CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $85.39, for a total transaction of $277,517.50. Following the sale, the chief executive officer now directly owns 81,199 shares in the company, valued at approximately $6,933,582.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Michael Aaron Conway also recently made the following trade(s):

• On Thursday, February 15th, Michael Aaron Conway sold 3,250 shares of Starbucks stock. The stock was sold at an average price of $94.03, for a total transaction of $305,597.50.

Starbucks Stock Up 1.1 %

NASDAQ:SBUX opened at $87.15 on Friday. The company has a market capitalization of $98.67 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.39 and a beta of 0.97. Starbucks Co. has a 52-week low of $84.29 and a 52-week high of $115.48. The stock has a fifty day simple moving average of $91.14 and a 200-day simple moving average of $94.42.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). The firm had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.75 EPS. As a group, equities analysts anticipate that Starbucks Co. will post 4.03 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Thursday, May 16th. Starbucks’s dividend payout ratio is presently 60.96%.

Analyst Ratings Changes

SBUX has been the topic of several analyst reports. Citigroup reduced their target price on shares of Starbucks from $102.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Wedbush reaffirmed a “neutral” rating and issued a $95.00 target price on shares of Starbucks in a report on Wednesday, January 31st. BMO Capital Markets reduced their target price on shares of Starbucks from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, January 31st. TD Cowen reaffirmed a “hold” rating and issued a $100.00 target price on shares of Starbucks in a report on Thursday, April 11th. Finally, Jefferies Financial Group reduced their target price on shares of Starbucks from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Tuesday. Thirteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $107.43.

Institutional Trading of Starbucks

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quilter Plc purchased a new stake in shares of Starbucks during the 1st quarter worth about $208,530,000. Freedom Wealth Alliance LLC purchased a new stake in shares of Starbucks during the 4th quarter worth about $26,000. Scarborough Advisors LLC acquired a new position in Starbucks during the 4th quarter worth approximately $26,000. Vima LLC acquired a new position in Starbucks during the 4th quarter worth approximately $26,000. Finally, DSM Capital Partners LLC acquired a new position in Starbucks during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.