Starbucks Co. (NASDAQ:SBUX) was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 26,697,741 shares, a decrease of 18.4% from the January 12th total of 32,702,722 shares. Based on an average daily trading volume, of 15,267,369 shares, the short-interest ratio is presently 1.7 days. Approximately 1.9% of the company’s shares are sold short.

In related news, Director Craig Weatherup sold 56,666 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $56.73, for a total transaction of $3,214,662.18. Following the transaction, the director now owns 56,666 shares of the company’s stock, valued at $3,214,662.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Clifford Burrows sold 162,826 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $57.02, for a total transaction of $9,284,338.52. Following the transaction, the insider now directly owns 331,829 shares in the company, valued at approximately $18,920,889.58. The disclosure for this sale can be found here. Insiders have sold 619,668 shares of company stock worth $35,408,538 in the last three months. Insiders own 3.48% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in Starbucks by 3,076.5% during the 2nd quarter. Janus Henderson Group PLC now owns 13,889,820 shares of the coffee company’s stock valued at $809,917,000 after purchasing an additional 13,452,551 shares in the last quarter. Parnassus Investments CA acquired a new stake in Starbucks during the 3rd quarter valued at $498,863,000. Capital International Investors grew its holdings in Starbucks by 28.3% during the 3rd quarter. Capital International Investors now owns 21,269,515 shares of the coffee company’s stock valued at $1,142,386,000 after purchasing an additional 4,696,452 shares in the last quarter. Harding Loevner LP acquired a new stake in Starbucks during the 3rd quarter valued at $128,044,000. Finally, Renaissance Technologies LLC grew its holdings in Starbucks by 539.2% during the 2nd quarter. Renaissance Technologies LLC now owns 3,918,784 shares of the coffee company’s stock valued at $228,504,000 after purchasing an additional 3,305,700 shares in the last quarter. 71.92% of the stock is owned by institutional investors.

SBUX has been the topic of a number of recent analyst reports. UBS Group cut their price target on shares of Starbucks from $67.00 to $64.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Mizuho set a $75.00 price target on shares of Starbucks and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Morgan Stanley increased their price target on shares of Starbucks from $62.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, November 10th. Vetr downgraded shares of Starbucks from a “strong-buy” rating to a “buy” rating and set a $60.91 price target on the stock. in a research note on Thursday, November 2nd. Finally, Oppenheimer reaffirmed a “buy” rating and set a $66.00 price target on shares of Starbucks in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $64.63.

Shares of Starbucks (NASDAQ:SBUX) opened at $55.38 on Tuesday. Starbucks has a 52-week low of $52.58 and a 52-week high of $64.87. The stock has a market cap of $78,790.00, a price-to-earnings ratio of 18.28, a PEG ratio of 1.51 and a beta of 0.70. The company has a quick ratio of 0.81, a current ratio of 1.01 and a debt-to-equity ratio of 0.79.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, January 25th. The coffee company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. Starbucks had a net margin of 19.28% and a return on equity of 56.35%. The company had revenue of $6.07 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. research analysts forecast that Starbucks will post 2.49 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Wednesday, February 7th. Starbucks’s payout ratio is currently 39.60%.

WARNING: “Starbucks Co. (SBUX) Short Interest Update” was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://theolympiareport.com/2018/02/13/starbucks-co-sbux-short-interest-update.html.

About Starbucks

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.

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.