Starbucks Co. (NASDAQ:SBUX) Director Myron E. Ullman III sold 9,973 shares of Starbucks stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $84.79, for a total value of $845,610.67. Following the completion of the sale, the director now directly owns 28,407 shares in the company, valued at approximately $2,408,629.53. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Myron E. Ullman III also recently made the following trade(s):
- On Tuesday, September 3rd, Myron E. Ullman III sold 9,973 shares of Starbucks stock. The shares were sold at an average price of $96.42, for a total value of $961,596.66.
Shares of Starbucks stock opened at $82.99 on Thursday. Starbucks Co. has a 1 year low of $60.42 and a 1 year high of $99.72. The company has a market capitalization of $99.60 billion, a P/E ratio of 29.33, a P/E/G ratio of 2.07 and a beta of 0.53. The business has a 50 day moving average price of $86.09 and a 200 day moving average price of $86.49.
Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.70 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.70. Starbucks had a negative return on equity of 75.45% and a net margin of 13.58%. The firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the previous year, the firm posted $0.62 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts expect that Starbucks Co. will post 3.05 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Wednesday, November 13th will be given a dividend of $0.41 per share. This is an increase from Starbucks’s previous quarterly dividend of $0.36. This represents a $1.64 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Tuesday, November 12th. Starbucks’s payout ratio is currently 50.88%.
A number of equities research analysts have weighed in on the company. Stifel Nicolaus lifted their price objective on Starbucks from $86.00 to $90.00 and gave the company a “hold” rating in a report on Friday, July 26th. Cleveland Research reissued a “hold” rating on shares of Starbucks in a research note on Tuesday, September 10th. UBS Group boosted their price target on Starbucks from $78.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. ValuEngine lowered Starbucks from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, BMO Capital Markets boosted their price target on Starbucks to $84.00 and gave the stock a “market perform” rating in a research note on Friday, July 26th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $89.64.
Institutional investors have recently modified their holdings of the stock. Abbrea Capital LLC raised its holdings in Starbucks by 1.9% in the 2nd quarter. Abbrea Capital LLC now owns 5,525 shares of the coffee company’s stock valued at $463,000 after acquiring an additional 105 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in Starbucks by 0.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 38,395 shares of the coffee company’s stock valued at $3,219,000 after acquiring an additional 115 shares during the last quarter. Duncker Streett & Co. Inc. raised its holdings in Starbucks by 0.4% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 30,160 shares of the coffee company’s stock valued at $2,528,000 after acquiring an additional 120 shares during the last quarter. LS Investment Advisors LLC raised its holdings in Starbucks by 0.4% in the 3rd quarter. LS Investment Advisors LLC now owns 28,438 shares of the coffee company’s stock valued at $2,514,000 after acquiring an additional 121 shares during the last quarter. Finally, D.B. Root & Company LLC raised its holdings in Starbucks by 0.8% in the 2nd quarter. D.B. Root & Company LLC now owns 14,929 shares of the coffee company’s stock valued at $1,251,000 after acquiring an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 70.68% of the company’s stock.
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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