Starbucks Co. (NASDAQ:SBUX) Shares Sold by First Financial Bank Trust Division

First Financial Bank Trust Division trimmed its stake in Starbucks Co. (NASDAQ:SBUX) by 3.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,930 shares of the coffee company’s stock after selling 188 shares during the quarter. First Financial Bank Trust Division’s holdings in Starbucks were worth $384,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SBUX. Vima LLC acquired a new position in shares of Starbucks in the 4th quarter worth approximately $26,000. Scarborough Advisors LLC acquired a new stake in shares of Starbucks in the 4th quarter valued at $26,000. DSM Capital Partners LLC acquired a new position in Starbucks during the 4th quarter worth about $27,000. Fairman Group LLC bought a new stake in Starbucks during the 4th quarter worth about $30,000. Finally, Cypress Capital Management LLC WY raised its holdings in Starbucks by 133.1% during the 4th quarter. Cypress Capital Management LLC WY now owns 324 shares of the coffee company’s stock worth $31,000 after purchasing an additional 185 shares during the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Starbucks

In other news, CFO Rachel Ruggeri sold 3,750 shares of Starbucks stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief financial officer now directly owns 65,431 shares in the company, valued at $5,234,480. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Starbucks news, CFO Rachel Ruggeri sold 3,750 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $80.00, for a total value of $300,000.00. Following the transaction, the chief financial officer now directly owns 65,431 shares of the company’s stock, valued at approximately $5,234,480. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $80.00, for a total value of $260,000.00. Following the completion of the sale, the chief executive officer now directly owns 78,304 shares of the company’s stock, valued at $6,264,320. The disclosure for this sale can be found here. Insiders sold a total of 7,250 shares of company stock valued at $579,375 in the last ninety days. Insiders own 1.98% of the company’s stock.

Starbucks Trading Down 2.7 %

SBUX traded down $2.02 during trading on Monday, hitting $73.86. The company’s stock had a trading volume of 12,367,850 shares, compared to its average volume of 10,878,210. The business’s fifty day simple moving average is $77.62 and its 200 day simple moving average is $84.56. The firm has a market capitalization of $83.66 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 1.74 and a beta of 0.94. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $107.66.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.25 billion. Starbucks had a net margin of 11.16% and a negative return on equity of 49.38%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the company posted $1.00 EPS. As a group, equities research analysts forecast that Starbucks Co. will post 3.55 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.28 dividend on an annualized basis and a yield of 3.09%. Starbucks’s dividend payout ratio is presently 62.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SBUX shares. BMO Capital Markets cut their target price on Starbucks from $120.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. BTIG Research dropped their price target on Starbucks from $115.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Evercore ISI cut Starbucks from an “outperform” rating to an “inline” rating and cut their price target for the company from $92.00 to $80.00 in a research note on Tuesday, July 16th. Citigroup lowered their price target on Starbucks from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Finally, TD Cowen decreased their target price on shares of Starbucks from $85.00 to $81.00 and set a “hold” rating on the stock in a research note on Wednesday, July 17th. Seventeen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $90.88.

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.