Insider Selling: Starbucks Co. (NASDAQ:SBUX) EVP Sells 250 Shares of Stock

Starbucks Co. (NASDAQ:SBUX) EVP Sara Kelly sold 250 shares of Starbucks stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $88.00, for a total value of $22,000.00. Following the completion of the sale, the executive vice president now owns 46,441 shares of the company’s stock, valued at $4,086,808. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Sara Kelly also recently made the following trade(s):

• On Thursday, March 21st, Sara Kelly sold 250 shares of Starbucks stock. The stock was sold at an average price of $92.63, for a total value of $23,157.50.
• On Wednesday, February 21st, Sara Kelly sold 250 shares of Starbucks stock. The shares were sold at an average price of $93.86, for a total value of $23,465.00.

Starbucks Trading Down 1.0 %

SBUX opened at $87.84 on Friday. The stock has a 50-day moving average price of $90.46 and a 200-day moving average price of $94.30. Starbucks Co. has a 12-month low of $84.29 and a 12-month high of $115.48. The stock has a market capitalization of $99.45 billion, a P/E ratio of 23.49, a PEG ratio of 1.49 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The firm had revenue of $9.43 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. Starbucks’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 earnings per share. On average, equities research analysts predict that Starbucks Co. will post 3.99 EPS for the current year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio is presently 60.96%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SBUX. Stifel Nicolaus cut their target price on Starbucks from $102.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Robert W. Baird lowered their target price on Starbucks from $106.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. Stephens restated an “equal weight” rating and issued a $110.00 target price on shares of Starbucks in a research note on Wednesday, January 31st. Morgan Stanley lowered their target price on Starbucks from $120.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, Wedbush restated a “neutral” rating and issued a $95.00 target price on shares of Starbucks in a research note on Wednesday, January 31st. Fourteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $106.68.

Institutional Investors Weigh In On Starbucks

Institutional investors have recently bought and sold shares of the stock. Vima LLC purchased a new stake in Starbucks during the 4th quarter valued at about $26,000. Scarborough Advisors LLC purchased a new stake in Starbucks during the 4th quarter valued at about $26,000. DSM Capital Partners LLC purchased a new stake in Starbucks during the 4th quarter valued at about $27,000. Riggs Asset Managment Co. Inc. boosted its holdings in Starbucks by 1,578.9% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock valued at $29,000 after acquiring an additional 300 shares during the period. Finally, Fairman Group LLC purchased a new stake in Starbucks during the 4th quarter valued at about $30,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

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.