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

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

A number of analysts recently commented on SBUX shares. Redburn Atlantic reiterated a “sell” rating and issued a $77.00 target price (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Citigroup lifted their price objective on shares of Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Bank of America decreased their price objective on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. UBS Group lifted their price objective on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Wells Fargo & Company lifted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th.

Starbucks Stock Up 0.4 %

SBUX stock opened at $109.00 on Friday. The firm has a 50 day moving average of $95.90 and a 200 day moving average of $93.00. The stock has a market capitalization of $123.82 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 2.91 and a beta of 0.99. Starbucks has a 52 week low of $71.55 and a 52 week high of $110.34.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping 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 firm posted $0.90 earnings per share. On average, equities research analysts expect that Starbucks will post 3.08 earnings per share for the current year.

Starbucks Announces Dividend

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

Insider Transactions at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were 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 owns 80,124 shares of the company’s stock, valued at $7,975,542.96. This represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.98% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Financial Life Planners acquired a new position in shares of Starbucks during the 4th quarter valued at about $25,000. Collier Financial acquired a new position in shares of Starbucks during the 4th quarter valued at about $27,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Starbucks during the 2nd quarter valued at about $25,000. DT Investment Partners LLC boosted its position in shares of Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after acquiring an additional 121 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of Starbucks during the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

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.