Starbucks Co. (NASDAQ:SBUX) Shares Sold by Sentinus LLC

Sentinus LLC reduced its position in Starbucks Co. (NASDAQ:SBUX) by 9.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,639 shares of the coffee company’s stock after selling 260 shares during the quarter. Sentinus LLC’s holdings in Starbucks were worth $241,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in SBUX. Norges Bank purchased a new stake in shares of Starbucks during the 4th quarter worth $1,244,812,000. Capital World Investors boosted its position in shares of Starbucks by 20.1% during the 4th quarter. Capital World Investors now owns 54,924,230 shares of the coffee company’s stock worth $5,011,796,000 after purchasing an additional 9,174,682 shares in the last quarter. FMR LLC boosted its position in shares of Starbucks by 27.0% during the 4th quarter. FMR LLC now owns 25,128,649 shares of the coffee company’s stock worth $2,292,989,000 after purchasing an additional 5,348,790 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Starbucks by 167.6% during the 4th quarter. Capital Research Global Investors now owns 5,690,198 shares of the coffee company’s stock worth $519,230,000 after purchasing an additional 3,563,942 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Starbucks during the 4th quarter worth $284,283,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SBUX has been the topic of several research analyst reports. BMO Capital Markets decreased their target price on shares of Starbucks from $115.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Citigroup decreased their target price on shares of Starbucks from $88.00 to $84.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. The Goldman Sachs Group lowered shares of Starbucks from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $103.00 to $85.00 in a research report on Wednesday, April 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of Starbucks in a research report on Friday. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $85.00 price objective (down from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.72.

Starbucks Price Performance

Shares of SBUX stock opened at $85.57 on Friday. The firm has a market cap of $97.24 billion, a P/E ratio of 27.60, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The firm’s 50-day simple moving average is $88.15 and its 200-day simple moving average is $96.50.

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 the consensus estimate of $0.51 by ($0.10). The company had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.90 billion. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. Analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 2.85%. Starbucks’s payout ratio is currently 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.