Starbucks Co. (NASDAQ:SBUX) Receives $103.92 Consensus PT from Analysts

Starbucks Co. (NASDAQ:SBUX) has been given an average rating of “Moderate Buy” by the twenty-seven brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $105.33.

Several brokerages have recently issued reports on SBUX. Bank of America reduced their price target on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Morgan Stanley increased their price target on shares of Starbucks from $98.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. BTIG Research upped their target price on shares of Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Citigroup upped their target price on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Barclays upped their target price on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday.

Insider Buying and Selling

In related news, CFO Rachel Ruggeri sold 1,491 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the sale, the chief financial officer now directly owns 80,124 shares of the company’s stock, valued at $7,975,542.96. This trade represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.98% of the company’s stock.

Institutional Investors Weigh In On Starbucks

Hedge funds have recently modified their holdings of the stock. Valmark Advisers Inc. lifted its holdings in Starbucks by 2.3% in the fourth quarter. Valmark Advisers Inc. now owns 11,152 shares of the coffee company’s stock valued at $1,018,000 after acquiring an additional 246 shares during the period. Copperleaf Capital LLC lifted its holdings in Starbucks by 91.3% in the fourth quarter. Copperleaf Capital LLC now owns 18,243 shares of the coffee company’s stock valued at $1,665,000 after acquiring an additional 8,709 shares during the period. Nkcfo LLC lifted its holdings in Starbucks by 33.6% in the fourth quarter. Nkcfo LLC now owns 37,350 shares of the coffee company’s stock valued at $3,408,000 after acquiring an additional 9,400 shares during the period. Kuhn & Co Investment Counsel lifted its holdings in Starbucks by 2.3% in the fourth quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company’s stock valued at $387,000 after acquiring an additional 96 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new stake in Starbucks in the fourth quarter valued at $62,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Price Performance

NASDAQ SBUX opened at $109.00 on Friday. The firm’s 50-day moving average is $95.90 and its two-hundred day moving average is $93.00. Starbucks has a 12 month low of $71.55 and a 12 month high of $110.34. The stock has a market capitalization of $123.82 billion, a P/E ratio of 32.93, a PEG ratio of 2.91 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. During the same period in the previous year, the company earned $0.90 EPS. As a group, analysts anticipate that Starbucks will post 3.08 EPS for the current year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Friday, February 14th. Starbucks’s dividend payout ratio is presently 78.71%.

About Starbucks

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.