Starbucks (NASDAQ:SBUX) Shares Down 0.2%

Starbucks Co. (NASDAQ:SBUX - Get Free Report)'s stock price traded down 0.2% during mid-day trading on Monday . The company traded as low as $96.76 and last traded at $97.14. 703,757 shares traded hands during trading, a decline of 94% from the average session volume of 11,780,577 shares. The stock had previously closed at $97.36.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SBUX shares. Evercore ISI upgraded shares of Starbucks from an "in-line" rating to an "outperform" rating and raised their price target for the company from $80.00 to $120.00 in a report on Wednesday, August 14th. Oppenheimer reissued a "market perform" rating on shares of Starbucks in a research note on Monday, August 26th. Jefferies Financial Group cut shares of Starbucks from a "hold" rating to an "underperform" rating and decreased their price target for the stock from $80.00 to $76.00 in a research report on Tuesday, September 24th. The Goldman Sachs Group assumed coverage on Starbucks in a research report on Thursday, June 13th. They issued a "buy" rating and a $100.00 price objective on the stock. Finally, Citigroup boosted their price objective on Starbucks from $82.00 to $98.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $101.12.

Starbucks Stock Performance

The company has a market cap of $110.43 billion, a P/E ratio of 26.86, a P/E/G ratio of 2.26 and a beta of 0.96. The business has a fifty day simple moving average of $89.16 and a 200 day simple moving average of $84.19.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.93 EPS for the quarter, hitting analysts' consensus estimates of $0.93. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.25 billion. Starbucks had a net margin of 11.16% and a negative return on equity of 49.38%. The firm's revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 earnings per share. Equities research analysts expect that Starbucks Co. will post 3.56 EPS for the current year.

Insider Buying and Selling

In related news, CEO Rachel Ruggeri sold 3,290 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total value of $299,916.40. Following the sale, the chief executive officer now owns 62,502 shares of the company's stock, valued at approximately $5,697,682.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Rachel Ruggeri sold 3,290 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $91.16, for a total value of $299,916.40. Following the sale, the chief executive officer now owns 62,502 shares of the company's stock, valued at approximately $5,697,682.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Aaron Conway sold 3,250 shares of the business's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the transaction, the chief executive officer now directly owns 75,054 shares of the company's stock, valued at $7,057,327.62. The disclosure for this sale can be found here. 1.98% of the stock is owned by company insiders.

Institutional Trading of Starbucks

Large investors have recently added to or reduced their stakes in the business. Mattson Financial Services LLC bought a new stake in shares of Starbucks during the second quarter valued at about $2,317,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Starbucks by 19.0% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 215,988 shares of the coffee company's stock valued at $16,815,000 after buying an additional 34,498 shares during the period. Verity & Verity LLC raised its position in shares of Starbucks by 4.5% during the 2nd quarter. Verity & Verity LLC now owns 131,308 shares of the coffee company's stock worth $10,222,000 after buying an additional 5,658 shares in the last quarter. Lazari Capital Management Inc. lifted its stake in shares of Starbucks by 13.0% in the 2nd quarter. Lazari Capital Management Inc. now owns 17,738 shares of the coffee company's stock worth $1,381,000 after acquiring an additional 2,044 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of Starbucks in the second quarter valued at approximately $18,704,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.