Starbucks Corporation (NASDAQ:SBUX) Director Myron E. Ullman III sold 22,966 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $53.41, for a total value of $1,226,614.06. Following the completion of the transaction, the director now directly owns 36,966 shares in the company, valued at approximately $1,974,354.06. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Starbucks Corporation (NASDAQ:SBUX) opened at 53.54 on Wednesday. Starbucks Corporation has a 12-month low of $50.84 and a 12-month high of $64.87. The company’s 50-day moving average price is $54.64 and its 200 day moving average price is $57.96. The firm has a market capitalization of $77.31 billion, a price-to-earnings ratio of 27.03 and a beta of 0.78.
Starbucks Corporation (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, July 27th. The coffee company reported $0.55 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The firm had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.76 billion. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 EPS. On average, equities research analysts forecast that Starbucks Corporation will post $2.07 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Thursday, August 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.87%. The ex-dividend date was Tuesday, August 8th. Starbucks Corporation’s dividend payout ratio is presently 50.76%.
ILLEGAL ACTIVITY NOTICE: “Myron E. Ullman III Sells 22,966 Shares of Starbucks Corporation (SBUX) Stock” was originally reported by Ticker Report and is owned by of Ticker Report. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/2887827/myron-e-ullman-iii-sells-22966-shares-of-starbucks-corporation-sbux-stock.html.
A number of equities analysts have recently issued reports on the company. UBS AG set a $70.00 price target on Starbucks Corporation and gave the stock a “buy” rating in a research report on Wednesday, June 28th. Wedbush reissued a “hold” rating on shares of Starbucks Corporation in a research report on Friday, July 28th. Instinet reissued a “buy” rating and set a $67.00 price target (down previously from $70.00) on shares of Starbucks Corporation in a research report on Sunday, July 30th. BTIG Research reissued a “buy” rating and set a $64.00 price target on shares of Starbucks Corporation in a research report on Sunday, July 30th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $67.00 price target on shares of Starbucks Corporation in a research report on Wednesday, June 28th. Twelve equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $64.64.
Institutional investors and hedge funds have recently bought and sold shares of the business. Regent Investment Management LLC raised its stake in Starbucks Corporation by 6.8% during the 2nd quarter. Regent Investment Management LLC now owns 4,683 shares of the coffee company’s stock valued at $273,000 after acquiring an additional 300 shares during the last quarter. Cape Cod Five Cents Savings Bank raised its stake in shares of Starbucks Corporation by 16.9% during the 2nd quarter. Cape Cod Five Cents Savings Bank now owns 31,902 shares of the coffee company’s stock worth $1,861,000 after buying an additional 4,616 shares in the last quarter. Appropriate Balance Financial Services Inc. raised its stake in shares of Starbucks Corporation by 1.6% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 839 shares of the coffee company’s stock worth $14,396,000 after buying an additional 13 shares in the last quarter. Zevin Asset Management LLC raised its stake in shares of Starbucks Corporation by 1.0% during the 1st quarter. Zevin Asset Management LLC now owns 61,924 shares of the coffee company’s stock worth $3,616,000 after buying an additional 625 shares in the last quarter. Finally, Sawtooth Solutions LLC raised its stake in shares of Starbucks Corporation by 60.1% during the 1st quarter. Sawtooth Solutions LLC now owns 18,346 shares of the coffee company’s stock worth $1,071,000 after buying an additional 6,884 shares in the last quarter. 70.99% of the stock is owned by hedge funds and other institutional investors.
About Starbucks Corporation
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.
Receive News & Ratings for Starbucks Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks Corporation and related companies with MarketBeat.com's FREE daily email newsletter.