JSF Financial LLC Sells 184 Shares of Starbucks Corporation (NASDAQ:SBUX)

JSF Financial LLC cut its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 7.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,144 shares of the coffee company’s stock after selling 184 shares during the period. JSF Financial LLC’s holdings in Starbucks were worth $210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Starbucks during the fourth quarter worth $25,000. Hughes Financial Services LLC acquired a new position in shares of Starbucks during the first quarter worth $27,000. Kapitalo Investimentos Ltda acquired a new stake in Starbucks in the fourth quarter valued at $32,000. Ball & Co Wealth Management Inc. acquired a new stake in Starbucks in the fourth quarter valued at $41,000. Finally, Accredited Wealth Management LLC acquired a new stake in Starbucks in the fourth quarter valued at $44,000. 72.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on SBUX. Baird R W cut shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Stifel Nicolaus upped their price target on shares of Starbucks from $92.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Evercore ISI reaffirmed an “outperform” rating and set a $105.00 price target (up previously from $95.00) on shares of Starbucks in a research report on Tuesday, June 24th. JPMorgan Chase & Co. cut their price target on shares of Starbucks from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Finally, Barclays cut their price target on shares of Starbucks from $108.00 to $106.00 and set an “overweight” rating on the stock in a research report on Thursday, July 17th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $98.58.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $93.67 on Tuesday. Starbucks Corporation has a 1 year low of $72.72 and a 1 year high of $117.46. The company’s 50-day moving average is $91.23 and its 200 day moving average is $94.67. The stock has a market capitalization of $106.45 billion, a P/E ratio of 33.94, a P/E/G ratio of 6.55 and a beta of 1.02.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data 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). The business had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.90 billion. Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. Starbucks’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 EPS. Research analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.44 annualized dividend and a dividend yield of 2.60%. Starbucks’s dividend payout ratio is presently 88.41%.

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.