Myron E. Ullman III Sells 22,966 Shares of Starbucks Corporation (SBUX) Stock

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%.

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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.

Insider Buying and Selling by Quarter for Starbucks Corporation (NASDAQ:SBUX)

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