Starbucks Corp (SBUX): James G Jr Shennan , director of Starbucks Corp sold 50,000 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $55.57 per share for a total value of $2,778,485.00 , 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 11, 2016, John Culver (group pres, CAP, Channel Dev) sold 145,530 shares at $56.71 per share price.On May 2, 2016, James G Jr Shennan (director) sold 48,334 shares at $56.93 per share price.Also, On Jan 29, 2016, Craig Weatherup (director) sold 117,966 shares at $58.31 per share price.On Dec 11, 2015, Lucy Lee Helm (evp, gen. counsel & secretary) sold 13,356 shares at $62.05 per share price.
Shares of Starbucks Corporation (SBUX) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.25 points or -0.46% at $54.55 with 75,82,848 shares getting traded. Post opening the session at $54.43, the shares hit an intraday low of $54.19 and an intraday high of $54.615 and the price vacillated in this range throughout the day. The company has a market cap of $79,910 M and the number of outstanding shares has been calculated to be 1,46,49,00,000 shares. The 52-week high of Starbucks Corporation is $64 and the 52-week low is $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.