Starbucks (NASDAQ:SBUX) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Starbucks Co. (NASDAQ:SBUX)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $90.13 and traded as high as $93.20. Starbucks shares last traded at $92.25, with a volume of 8,198,341 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SBUX shares. Wedbush dropped their price objective on Starbucks from $98.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. UBS Group raised their price target on Starbucks from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company boosted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. BTIG Research raised their target price on shares of Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, Morgan Stanley upped their price target on shares of Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.77.

Starbucks Trading Up 0.4 %

The company has a fifty day moving average price of $97.20 and a two-hundred day moving average price of $90.20. The company has a market cap of $104.59 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 2.86 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The business had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.06 EPS. Sell-side analysts anticipate that Starbucks Co. will post 3.11 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio is 73.72%.

Insiders Place Their Bets

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the transaction, the chief financial officer now directly owns 80,124 shares in the company, valued at $7,975,542.96. The trade was a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.98% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new position in Starbucks in the 2nd quarter valued at $25,000. DT Investment Partners LLC increased its position in shares of Starbucks by 39.4% during the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after acquiring an additional 121 shares in the last quarter. FSA Wealth Management LLC bought a new stake in shares of Starbucks in the third quarter valued at about $49,000. Friedenthal Financial bought a new position in Starbucks in the third quarter valued at $50,000. Finally, Fairfield Financial Advisors LTD acquired a new stake in Starbucks in the 2nd quarter valued at $41,000. Institutional investors own 72.29% of the company’s stock.

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.