Traders Sell Starbucks (SBUX) on Strength (SBUX)

Traders sold shares of Starbucks Co. (NASDAQ:SBUX) on strength during trading on Tuesday. $57.18 million flowed into the stock on the tick-up and $108.05 million flowed out of the stock on the tick-down, for a money net flow of $50.87 million out of the stock. Of all stocks tracked, Starbucks had the 0th highest net out-flow for the day. Starbucks traded up $0.78 for the day and closed at $52.59

A number of equities research analysts have weighed in on the company. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Starbucks in a report on Friday, April 27th. Wedbush reaffirmed a “hold” rating and set a $58.00 price objective on shares of Starbucks in a report on Friday, April 27th. Zacks Investment Research raised Starbucks from a “sell” rating to a “hold” rating in a report on Friday, April 20th. Oppenheimer reaffirmed an “outperform” rating on shares of Starbucks in a report on Friday, April 27th. Finally, BidaskClub downgraded Starbucks from a “buy” rating to a “hold” rating in a report on Saturday, May 5th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Starbucks has a consensus rating of “Hold” and an average price target of $59.75.

The firm has a market capitalization of $69.49 billion, a P/E ratio of 25.61, a P/E/G ratio of 1.53 and a beta of 0.63. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.01 and a quick ratio of 0.76.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, July 26th. The coffee company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.25 billion. Starbucks had a return on equity of 67.11% and a net margin of 18.87%. Starbucks’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS. equities research analysts anticipate that Starbucks Co. will post 2.41 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 24th. Shareholders of record on Thursday, August 9th will be issued a dividend of $0.36 per share. This is an increase from Starbucks’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, August 8th. This represents a $1.44 annualized dividend and a yield of 2.73%. Starbucks’s dividend payout ratio is currently 69.90%.

Starbucks declared that its board has initiated a stock repurchase program on Thursday, April 26th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the coffee company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

In other Starbucks news, Director Myron E. Ullman III sold 15,000 shares of the company’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $52.13, for a total transaction of $781,950.00. Following the transaction, the director now owns 29,000 shares of the company’s stock, valued at approximately $1,511,770. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.48% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of SBUX. HC Financial Advisors Inc. bought a new stake in shares of Starbucks during the 4th quarter valued at $319,000. Altman Advisors Inc. bought a new stake in shares of Starbucks during the 4th quarter valued at $1,662,000. Halsey Associates Inc. CT raised its position in shares of Starbucks by 4.6% during the 4th quarter. Halsey Associates Inc. CT now owns 135,171 shares of the coffee company’s stock valued at $7,763,000 after acquiring an additional 5,915 shares during the last quarter. Banco de Sabadell S.A bought a new stake in shares of Starbucks during the 4th quarter valued at $2,014,000. Finally, Slow Capital Inc. bought a new stake in shares of Starbucks during the 4th quarter valued at $854,000. 73.51% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Company Profile (NASDAQ:SBUX)

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 coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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