Fielder Capital Group LLC Sells 164 Shares of Starbucks Corporation $SBUX

Fielder Capital Group LLC trimmed its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 3.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,708 shares of the coffee company’s stock after selling 164 shares during the period. Fielder Capital Group LLC’s holdings in Starbucks were worth $431,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Leelyn Smith LLC grew its holdings in Starbucks by 3.1% during the second quarter. Leelyn Smith LLC now owns 46,594 shares of the coffee company’s stock valued at $4,269,000 after purchasing an additional 1,393 shares during the period. PKO Investment Management Joint Stock Co bought a new position in Starbucks during the second quarter valued at $2,749,000. Sage Mountain Advisors LLC grew its holdings in Starbucks by 2.5% during the second quarter. Sage Mountain Advisors LLC now owns 9,695 shares of the coffee company’s stock valued at $888,000 after purchasing an additional 232 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in Starbucks by 1.5% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,757,230 shares of the coffee company’s stock valued at $252,645,000 after purchasing an additional 40,053 shares during the period. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its holdings in Starbucks by 12.5% during the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 9,000 shares of the coffee company’s stock valued at $825,000 after purchasing an additional 1,000 shares during the period. 72.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on SBUX shares. JPMorgan Chase & Co. raised their price target on Starbucks from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Jefferies Financial Group lowered Starbucks from a “hold” rating to an “underperform” rating and set a $76.00 price target for the company. in a report on Thursday, July 17th. Baird R W raised Starbucks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 12th. Sanford C. Bernstein raised their price target on Starbucks from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starbucks in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $101.80.

Starbucks Stock Performance

NASDAQ:SBUX opened at $86.09 on Friday. The firm has a market capitalization of $97.86 billion, a price-to-earnings ratio of 37.11, a P/E/G ratio of 4.28 and a beta of 1.01. Starbucks Corporation has a 52-week low of $75.50 and a 52-week high of $117.46. The stock has a fifty day moving average of $85.01 and a 200 day moving average of $87.47.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, July 29th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.14). Starbucks had a net margin of 7.18% and a negative return on equity of 36.23%. The business had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.29 billion. During the same period in the prior year, the business posted $0.93 EPS. Starbucks’s quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Starbucks Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, November 14th. This is a positive change from Starbucks’s previous quarterly dividend of $0.61. Starbucks’s dividend payout ratio is presently 105.17%.

About Starbucks

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.