Mmbg Investment Advisors CO. Sells 43,919 Shares of Starbucks Co. (NASDAQ:SBUX)

Mmbg Investment Advisors CO. lessened its holdings in Starbucks Co. (NASDAQ:SBUX) by 41.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,963 shares of the coffee company’s stock after selling 43,919 shares during the quarter. Mmbg Investment Advisors CO.’s holdings in Starbucks were worth $5,563,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC raised its stake in shares of Starbucks by 37.5% during the 4th quarter. Lazard Asset Management LLC now owns 1,756,335 shares of the coffee company’s stock valued at $160,264,000 after buying an additional 478,939 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC raised its position in Starbucks by 3.9% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 38,097 shares of the coffee company’s stock worth $3,476,000 after acquiring an additional 1,427 shares during the last quarter. Lighthouse Investment Partners LLC grew its holdings in shares of Starbucks by 302.1% during the 4th quarter. Lighthouse Investment Partners LLC now owns 324,000 shares of the coffee company’s stock worth $29,565,000 after purchasing an additional 243,417 shares during the period. Investor s Fiduciary Advisor Network LLC bought a new position in shares of Starbucks during the fourth quarter worth about $601,000. Finally, Jefferies Financial Group Inc. boosted its position in shares of Starbucks by 1,076.5% during the fourth quarter. Jefferies Financial Group Inc. now owns 36,612 shares of the coffee company’s stock worth $3,341,000 after buying an additional 33,500 shares during the period. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Down 2.3%

Shares of NASDAQ:SBUX opened at $80.30 on Monday. The stock has a market cap of $91.25 billion, a P/E ratio of 25.90, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The company has a 50 day moving average of $90.00 and a 200 day moving average of $96.88.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.10). Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The company had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.90 billion. During the same quarter in the prior year, the company earned $0.68 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks’s dividend payout ratio (DPR) is presently 88.41%.

Wall Street Analysts Forecast Growth

SBUX has been the topic of a number of research analyst reports. Royal Bank of Canada lowered their target price on Starbucks from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group lowered shares of Starbucks from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $103.00 to $85.00 in a report on Wednesday, April 30th. Guggenheim dropped their target price on shares of Starbucks from $95.00 to $83.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. StockNews.com raised shares of Starbucks from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Jefferies Financial Group upgraded Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 price target for the company in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.72.

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.