Shares of Starbucks Co. (NASDAQ:SBUX) have received a consensus rating of “Buy” from the thirty brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $89.11.

SBUX has been the topic of several research analyst reports. Evercore ISI initiated coverage on shares of Starbucks in a research note on Tuesday, June 11th. They issued an “in-line” rating and a $82.00 price target on the stock. Oppenheimer boosted their price target on shares of Starbucks from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. cut shares of Starbucks from an “overweight” rating to a “neutral” rating in a research note on Monday, July 29th. Barclays boosted their price target on shares of Starbucks from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $90.00 price target (up previously from $80.00) on shares of Starbucks in a research note on Friday, July 26th.

In other news, insider John Culver sold 63,937 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $78.04, for a total transaction of $4,989,643.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jill Walker sold 6,492 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $95.70, for a total transaction of $621,284.40. The disclosure for this sale can be found here. Insiders have sold a total of 133,738 shares of company stock worth $11,291,327 over the last 90 days. Corporate insiders own 3.98% of the company’s stock.

A number of institutional investors have recently bought and sold shares of SBUX. Norges Bank purchased a new stake in Starbucks in the 4th quarter worth about $807,368,000. APG Asset Management N.V. raised its position in Starbucks by 87.0% in the 2nd quarter. APG Asset Management N.V. now owns 5,538,794 shares of the coffee company’s stock worth $407,725,000 after purchasing an additional 2,576,900 shares during the period. Prudential Financial Inc. raised its position in Starbucks by 166.3% in the 2nd quarter. Prudential Financial Inc. now owns 3,901,446 shares of the coffee company’s stock worth $327,058,000 after purchasing an additional 2,436,385 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Starbucks by 162.1% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,327,726 shares of the coffee company’s stock worth $278,964,000 after purchasing an additional 2,058,082 shares during the period. Finally, FMR LLC raised its position in Starbucks by 19.8% in the 1st quarter. FMR LLC now owns 10,424,208 shares of the coffee company’s stock worth $774,936,000 after purchasing an additional 1,720,231 shares during the period. 72.54% of the stock is currently owned by institutional investors.

Starbucks stock traded up $1.72 during mid-day trading on Tuesday, hitting $96.63. The stock had a trading volume of 7,771,070 shares, compared to its average volume of 8,993,376. The stock has a market cap of $113.28 billion, a price-to-earnings ratio of 39.93, a P/E/G ratio of 2.66 and a beta of 0.55. The company has a 50 day moving average of $91.15. Starbucks has a one year low of $51.79 and a one year high of $99.72.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, July 25th. The coffee company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.67 billion. Starbucks had a net margin of 13.63% and a negative return on equity of 125.91%. Starbucks’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. On average, equities analysts anticipate that Starbucks will post 2.82 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Thursday, August 8th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, August 7th. Starbucks’s dividend payout ratio is 59.50%.

Starbucks Company Profile

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.

Recommended Story: Risk Tolerance

Analyst Recommendations for Starbucks (NASDAQ:SBUX)

Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.