Starbucks Co. (NASDAQ:SBUX) Shares Sold by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors decreased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,331 shares of the coffee company’s stock after selling 191 shares during the period. TRUE Private Wealth Advisors’ holdings in Starbucks were worth $669,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SBUX. Financial Life Planners acquired a new position in Starbucks in the 4th quarter valued at about $25,000. Graney & King LLC acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $26,000. Collier Financial purchased a new stake in shares of Starbucks during the fourth quarter worth approximately $27,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of Starbucks during the fourth quarter worth $27,000. Finally, Marshall Investment Management LLC purchased a new position in Starbucks in the 4th quarter valued at $30,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Trading Down 0.4 %

Shares of Starbucks stock opened at $79.69 on Wednesday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The stock has a market cap of $90.52 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The company’s 50-day moving average price is $103.92 and its two-hundred day moving average price is $99.04.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter last year, the firm earned $0.90 earnings per share. On average, equities analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.61 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 3.06%. Starbucks’s dividend payout ratio is currently 78.71%.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Argus raised Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Tuesday, March 18th. Wells Fargo & Company upped their price objective on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Wedbush boosted their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, BMO Capital Markets raised their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and a consensus target price of $105.12.

Starbucks Company Profile

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.