Investors purchased shares of Starbucks Co. (NASDAQ:SBUX) on weakness during trading hours on Monday. $121.63 million flowed into the stock on the tick-up and $70.28 million flowed out of the stock on the tick-down, for a money net flow of $51.35 million into the stock. Of all companies tracked, Starbucks had the 14th highest net in-flow for the day. Starbucks traded down ($0.49) for the day and closed at $76.16
A number of research analysts recently weighed in on the stock. Oppenheimer reissued an “outperform” rating and set a $72.00 price target (up from $70.00) on shares of Starbucks in a research report on Friday, January 25th. Mizuho set a $75.00 price target on shares of Starbucks and gave the company a “buy” rating in a research report on Thursday. BidaskClub lowered shares of Starbucks from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 4th. CIBC raised their price target on shares of Starbucks from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, January 25th. Finally, Zacks Investment Research raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Monday, January 28th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $68.00.
The stock has a market capitalization of $94.35 billion, a P/E ratio of 31.47, a PEG ratio of 2.17 and a beta of 0.51. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.16 and a current ratio of 1.41.
In other news, EVP Vivek C. Varma sold 50,000 shares of Starbucks stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $69.13, for a total value of $3,456,500.00. Following the completion of the transaction, the executive vice president now owns 117,640 shares in the company, valued at $8,132,453.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Clifford Burrows sold 152,634 shares of Starbucks stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $67.22, for a total transaction of $10,260,057.48. Following the completion of the transaction, the insider now owns 311,083 shares of the company’s stock, valued at approximately $20,910,999.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 565,806 shares of company stock worth $38,789,988. Insiders own 3.98% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Cipher Capital LP purchased a new position in Starbucks during the fourth quarter valued at approximately $2,261,000. Mark Sheptoff Financial Planning LLC purchased a new position in Starbucks during the fourth quarter valued at approximately $32,000. Mackay Shields LLC grew its stake in Starbucks by 55.0% during the fourth quarter. Mackay Shields LLC now owns 625,131 shares of the coffee company’s stock valued at $40,259,000 after acquiring an additional 221,699 shares in the last quarter. Standard Life Aberdeen plc grew its stake in Starbucks by 5.4% during the third quarter. Standard Life Aberdeen plc now owns 653,570 shares of the coffee company’s stock valued at $37,153,000 after acquiring an additional 33,573 shares in the last quarter. Finally, Rainier Group Investment Advisory LLC grew its stake in Starbucks by 6.9% during the fourth quarter. Rainier Group Investment Advisory LLC now owns 11,013 shares of the coffee company’s stock valued at $709,000 after acquiring an additional 708 shares in the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.
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About Starbucks (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 beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.
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