Starbucks Co. (NASDAQ:SBUX) EVP Sara Kelly Sells 250 Shares

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 transaction of $22,000.00. Following the transaction, the executive vice president now directly owns 46,441 shares in the company, valued at approximately $4,086,808. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 transaction 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 transaction of $23,465.00.

Starbucks Price Performance

Shares of SBUX opened at $88.75 on Thursday. The firm has a 50-day moving average of $90.57 and a 200-day moving average of $94.35. The company has a market cap of $100.48 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 1.48 and a beta of 0.97. Starbucks Co. has a one year low of $84.29 and a one year high of $115.48.

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

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is presently 60.96%.

Analysts Set New Price Targets

A number of research analysts have issued reports on SBUX shares. Stephens reissued an “equal weight” rating and issued a $110.00 target price on shares of Starbucks in a research note on Wednesday, January 31st. Wells Fargo & Company reiterated an “overweight” rating and issued a $105.00 price target on shares of Starbucks in a report on Monday, April 1st. Piper Sandler cut their price objective on shares of Starbucks from $107.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th. BMO Capital Markets lowered their target price on Starbucks from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, January 31st. Finally, Morgan Stanley reduced their price objective on Starbucks from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Fourteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $106.68.

Hedge Funds Weigh In On Starbucks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Willow Creek Wealth Management Inc. lifted its stake in shares of Starbucks by 3.0% during the 3rd quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company’s stock worth $302,000 after buying an additional 97 shares during the last quarter. Valley Brook Capital Group Inc. lifted its position in Starbucks by 2.4% during the third quarter. Valley Brook Capital Group Inc. now owns 4,200 shares of the coffee company’s stock worth $383,000 after acquiring an additional 100 shares during the last quarter. Charles Schwab Investment Advisory Inc. boosted its holdings in shares of Starbucks by 4.6% during the third quarter. Charles Schwab Investment Advisory Inc. now owns 2,260 shares of the coffee company’s stock worth $206,000 after acquiring an additional 100 shares during the period. Herold Advisors Inc. grew its position in shares of Starbucks by 4.3% in the third quarter. Herold Advisors Inc. now owns 2,422 shares of the coffee company’s stock valued at $221,000 after purchasing an additional 100 shares during the last quarter. Finally, Rodgers Brothers Inc. increased its stake in shares of Starbucks by 1.2% during the third quarter. Rodgers Brothers Inc. now owns 8,269 shares of the coffee company’s stock worth $755,000 after purchasing an additional 100 shares during the period. 72.29% of the stock is owned by 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.