Starbucks Corp (NASDAQ: SBUX) Executives are Making Moves with Their Shares

By Carrie Williams

Yesterday, the evp, chief partner officer of Starbucks Corp (SBUXResearch Report), Lucy Lee Helm, sold shares of SBUX for $829.9K.

Following Lucy Lee Helm’s last SBUX Sell transaction on December 16, 2016, the stock climbed by 28.6%. In addition to Lucy Lee Helm, 2 other SBUX executives reported Sell trades in the last month.

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Based on Starbucks Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $6.3 billion and quarterly net profit of $663 million. In comparison, last year the company earned revenue of $6.03 billion and had a net profit of $660 million. Currently, Starbucks Corp has an average volume of 7.16M. SBUX’s market cap is $100.9B and the company has a P/E ratio of 36.08.

Based on 19 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $78.35, reflecting a -6.0% downside.

The insider sentiment on Starbucks Corp has been negative according to 53 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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