Starbucks Corp (SBUX): John Culver , group pres, CAP, Channel Dev of Starbucks Corp sold 145,530 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $56.71 per share for a total value of $8,252,904.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 2, 2016, James G Jr Shennan (director) sold 48,334 shares at $56.93 per share price.On Jan 29, 2016, Craig Weatherup (director) sold 117,966 shares at $58.31 per share price.Also, On Dec 11, 2015, Lucy Lee Helm (evp, gen. counsel & secretary) sold 13,356 shares at $62.05 per share price.On Dec 10, 2015, Howard D Schultz (chairman and ceo) sold 162,099 shares at $62.23 per share price.
Starbucks Corporation: On Tuesday, May 10, 2016 heightened volatility was witnessed in Starbucks Corporation which led to swings in the share price. The shares opened for trading at $56.85 and hit $57.6 on the upside , eventually ending the session at $57.49, with a gain of 1.50% or 0.85 points. The heightened volatility saw the trading volume jump to 79,31,185 shares. The 52-week high of the share price is $64 and the company has a market cap of $84,217 M . The 52-week low of the share price is at $42.05.
Company has been under the radar of several Street Analysts.Starbucks Corporation is Resumed by Credit Agricole to Buy. The Rating was issued on Apr 13, 2016.Starbucks Corporation is Downgraded by Deutsche Bank to Hold while Lowering the Price Target of the company shares to $ 64 from a previous price target of $70 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 12, 2016.Starbucks Corporation is Resumed by Stifel to Hold. The Rating was issued on Mar 18, 2016.
Starbucks Corporation is the roaster marketer and retailer of specialty coffee. The Company purchases and roasts coffees that it sells along with coffee tea and other beverages and a range of fresh food items through Company-operated stores. It also sells a range of coffee and tea products and licenses its trademarks through other channels such as licensed stores grocery and national foodservice accounts. It operates through four segment: Americas which includes the United States Canada and Latin America; Europe Middle East and Africa (EMEA); China/Asia Pacific (CAP) and Channel Development. In addition to its Starbucks Coffee brand it also sells goods and services under the brands including Teavana Tazo Seattle’s Best Coffee Evolution Fresh La Boulange and Ethos. Its Americas EMEA and CAP segments include both Company-operated and licensed stores. The Americas and EMEA segments include certain foodservice accounts primarily in Canada and the United Kingdom.