Starbucks Co. (NASDAQ:SBUX) Shares Sold by DekaBank Deutsche Girozentrale


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DekaBank Deutsche Girozentrale decreased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,182 shares of the coffee company’s stock after selling 3,759 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Starbucks were worth $30,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. JNB Advisors LLC lifted its position in shares of Starbucks by 1.9% during the 4th quarter. JNB Advisors LLC now owns 5,093 shares of the coffee company’s stock valued at $545,000 after buying an additional 96 shares in the last quarter. Resource Management LLC lifted its position in shares of Starbucks by 1.8% during the 4th quarter. Resource Management LLC now owns 5,660 shares of the coffee company’s stock valued at $605,000 after buying an additional 98 shares in the last quarter. Total Clarity Wealth Management Inc. lifted its position in shares of Starbucks by 0.7% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 13,764 shares of the coffee company’s stock valued at $1,472,000 after buying an additional 100 shares in the last quarter. Clean Yield Group lifted its position in shares of Starbucks by 12.2% during the 4th quarter. Clean Yield Group now owns 918 shares of the coffee company’s stock valued at $98,000 after buying an additional 100 shares in the last quarter. Finally, Harvey Capital Management Inc. lifted its position in shares of Starbucks by 0.6% during the 4th quarter. Harvey Capital Management Inc. now owns 16,100 shares of the coffee company’s stock valued at $1,722,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 67.27% of the company’s stock.

A number of research analysts have weighed in on the company. Wells Fargo & Company raised their price objective on Starbucks from $116.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, January 27th. Stephens raised their price objective on Starbucks from $86.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, December 10th. They noted that the move was a valuation call. Piper Sandler raised their price objective on Starbucks from $100.00 to $104.00 in a report on Wednesday, January 27th. Atlantic Securities assumed coverage on Starbucks in a report on Tuesday. They issued an “overweight” rating and a $128.00 price objective on the stock. Finally, Jefferies Financial Group raised their price objective on Starbucks from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, December 10th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Starbucks currently has a consensus rating of “Buy” and a consensus target price of $107.22.

In other news, CEO Kevin R. Johnson sold 153,290 shares of Starbucks stock in a transaction dated Thursday, April 1st. The stock was sold at an average price of $109.12, for a total value of $16,727,004.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin R. Johnson sold 170,000 shares of Starbucks stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $111.07, for a total value of $18,881,900.00. Following the completion of the transaction, the chief executive officer now owns 515,934 shares of the company’s stock, valued at approximately $57,304,789.38. The disclosure for this sale can be found here. Insiders sold a total of 406,184 shares of company stock valued at $44,685,798 in the last quarter. Company insiders own 0.41% of the company’s stock.

NASDAQ SBUX opened at $113.19 on Thursday. The company has a market cap of $133.26 billion, a P/E ratio of 147.00, a P/E/G ratio of 2.67 and a beta of 0.82. The stock has a 50-day moving average of $107.10 and a two-hundred day moving average of $99.66. Starbucks Co. has a 1-year low of $68.54 and a 1-year high of $113.82.

Starbucks (NASDAQ:SBUX) last released its earnings results on Monday, January 25th. The coffee company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.06. The company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.92 billion. Starbucks had a negative return on equity of 18.07% and a net margin of 3.95%. Starbucks’s revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 EPS. On average, sell-side analysts anticipate that Starbucks Co. will post 2.81 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 28th. Shareholders of record on Thursday, May 13th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.59%. The ex-dividend date is Wednesday, May 12th. Starbucks’s dividend payout ratio is currently 153.85%.

Starbucks Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: Americas, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, and iced tea; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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