Trader Alert: Unusual Volume Spotted in Starbucks Corporation (NASDAQ:SBUX)

Signature Estate & Investment Advisors LLC acquired a new stake in shares of Starbucks Corporation during the first quarter valued at $140,000. FSB MO reduced its stake in Starbucks Corporation (NASDAQ:SBUX) by 12.9% during the first quarter, according to its most recent Form 13F filing with the SEC. Banco Santander S.A. bought a new stake in shares of Starbucks Corporation during the fourth quarter valued at approximately $3,069,000. Following the sale, the director now owns 24,000 shares of the company's stock, valued at approximately $1,455,120.

Shares of Starbucks Corporation (NASDAQ:SBUX) traded down 9.24% during trading on Friday, reaching $54.00. Deutsche Bank AG raised shares of Starbucks Corporation from a "hold" rating to a "buy" rating and lifted their target price for the stock from $59.00 to $69.00 in a research report on Monday, May 15th. The company now has an average rating of "Buy" and an average target price of $65.19.

Starbucks Corporation (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, July 27th. The stock has a 50-day moving average of $58.89 and a 200 day moving average of $58.54. Alpha Windward LLC increased its stake in shares of Starbucks Corporation by 1.0% in the first quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of Starbucks Corporation by 5,910.2% in the fourth quarter. The firm owned 26,583 shares of the coffee company's stock after selling 425 shares during the period. The company has a market cap of $78.59 billion, a price-to-earnings ratio of 27.26 and a beta of 0.82. Vetr raised shares of Starbucks Corporation from a "buy" rating to a "strong-buy" rating and set a $67.14 price target for the company in a research report on Thursday, June 22nd. Baystate Wealth Management LLC now owns 3,802 shares of the coffee company's stock worth $219,000 after buying an additional 1,212 shares in the last quarter. Archon Capital Management LLC now owns 141,525 shares of the coffee company's stock valued at $7,857,000 after buying an additional 37,925 shares in the last quarter.

A number of other hedge funds have also made changes to their positions in the stock.

The move comes as the United States coffee giant saw a 8.3 percent drop in net earnings on the year, to $691.6 million, for the third quarter ended on July 2, according to its earnings report. The business had revenue of $5.66 billion for the quarter, compared to analysts' expectations of $5.76 billion.

The number of active My Starbucks Rewards members is still rising - up 8% to 13.3 million people in the latest quarter - but Stifel analyst Mark Astrachan points out that this expansion marked Starbucks' slowest ever rate of growth. Finally, CWM LLC increased its stake in shares of Starbucks Corporation by 0.6% in the second quarter. During the same quarter in the prior year, the company earned $0.49 earnings per share. Starbucks Corporation has a 12-month low of $50.84 and a 12-month high of $64.87. On average, equities analysts predict that Starbucks Corporation will post $2.10 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Thursday, August 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.85%. Starbucks Corporation's payout ratio is 50.76%. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and worldwide copyright laws. The original version of this article can be read at https://www.themarketsdaily.com/2017/07/29/joel-isaacson-co-llc-acquires-11-shares-of-starbucks-corporation-sbux-updated.html.

Several equities research analysts have weighed in on the company. Jefferies Group LLC reissued an "average" rating and issued a $65.00 target price on shares of Starbucks Corporation in a research note on Friday. BidaskClub lowered shares of Starbucks Corporation from a "strong-buy" rating to a "buy" rating in a report on Thursday, June 15th. The shares were purchased at an average price of $59.46. Following the completion of the sale, the insider now directly owns 363,343 shares in the company, valued at $21,604,374.78. Also, Director Myron E. Ullman III sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $60.63, for a total value of $606,300.00. Following the sale, the director now directly owns 34,000 shares in the company, valued at approximately $2,054,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Clifford Burrows, group pres. Siren Retail disclosed the sale of 114,826 shares. Insiders have sold a total of 144,826 shares of company stock worth $8,642,454 over the last 90 days.

"Unifying the Starbucks business under a full company-operated structure in China reinforces our commitment to the market", Johnson said in the statement. 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.

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