Starbucks Co. (NASDAQ:SBUX) Holdings Decreased by Marshall & Sullivan Inc. WA

Marshall & Sullivan Inc. WA reduced its holdings in Starbucks Co. (NASDAQ:SBUXFree Report) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,196 shares of the coffee company’s stock after selling 133 shares during the period. Marshall & Sullivan Inc. WA’s holdings in Starbucks were worth $930,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Thoroughbred Financial Services LLC grew its stake in shares of Starbucks by 63.4% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 14,164 shares of the coffee company’s stock valued at $1,102,000 after buying an additional 5,498 shares in the last quarter. Wealthspire Advisors LLC increased its stake in shares of Starbucks by 0.6% during the 2nd quarter. Wealthspire Advisors LLC now owns 33,702 shares of the coffee company’s stock worth $2,624,000 after purchasing an additional 203 shares during the last quarter. Wrapmanager Inc. raised its holdings in shares of Starbucks by 65.9% during the 2nd quarter. Wrapmanager Inc. now owns 4,165 shares of the coffee company’s stock valued at $324,000 after purchasing an additional 1,654 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of Starbucks by 243.7% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 23,346 shares of the coffee company’s stock valued at $1,817,000 after purchasing an additional 16,553 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new stake in Starbucks in the second quarter worth $243,910,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Up 1.0 %

NASDAQ:SBUX traded up $0.96 during trading hours on Monday, hitting $93.21. 4,807,413 shares of the stock were exchanged, compared to its average volume of 6,625,216. The company’s 50 day moving average is $96.13 and its two-hundred day moving average is $91.13. The company has a market capitalization of $105.68 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 2.86 and a beta of 0.99. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $103.32.

Starbucks (NASDAQ:SBUXGet Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The business had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same period last year, the company earned $1.06 EPS. The firm’s revenue was down 3.2% on a year-over-year basis. On average, equities research analysts expect that Starbucks Co. will post 3.11 EPS for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio (DPR) is presently 73.72%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SBUX shares. JPMorgan Chase & Co. boosted their price target on Starbucks from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. TD Cowen restated a “buy” rating and issued a $110.00 target price on shares of Starbucks in a report on Monday, November 11th. Citigroup increased their price target on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Redburn Atlantic restated a “sell” rating and issued a $77.00 price objective (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada started coverage on shares of Starbucks in a research note on Friday, November 15th. They issued an “outperform” rating and a $115.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.77.

Get Our Latest Stock Report on Starbucks

Insider Activity

In related news, CFO Rachel Ruggeri sold 1,491 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total transaction of $148,414.14. Following the transaction, the chief financial officer now directly owns 80,124 shares in the company, valued at approximately $7,975,542.96. The trade was a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.98% of the company’s stock.

Starbucks Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.