Starbucks Co. (NASDAQ:SBUX) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its position in Starbucks Co. (NASDAQ:SBUX) by 52.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,842 shares of the coffee company’s stock after selling 200,454 shares during the period. Vontobel Holding Ltd.’s holdings in Starbucks were worth $17,363,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Freedom Wealth Alliance LLC purchased a new stake in shares of Starbucks during the 4th quarter valued at about $26,000. Riggs Asset Managment Co. Inc. raised its holdings in shares of Starbucks by 1,578.9% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock valued at $29,000 after buying an additional 300 shares during the period. Atticus Wealth Management LLC raised its holdings in shares of Starbucks by 153.8% during the 4th quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock valued at $32,000 after buying an additional 200 shares during the period. First Capital Advisors Group LLC. purchased a new stake in shares of Starbucks during the 2nd quarter valued at about $35,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Starbucks during the 1st quarter valued at about $37,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Price Performance

NASDAQ:SBUX opened at $85.17 on Tuesday. Starbucks Co. has a 12-month low of $84.29 and a 12-month high of $115.48. The firm has a market capitalization of $96.43 billion, a P/E ratio of 22.77, a P/E/G ratio of 1.36 and a beta of 0.98. The business has a 50 day simple moving average of $91.71 and a 200 day simple moving average of $94.57.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The business had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same quarter last year, the firm posted $0.75 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. Research analysts anticipate that Starbucks Co. will post 4.05 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $0.57 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a yield of 2.68%. Starbucks’s dividend payout ratio (DPR) is presently 60.96%.

Analyst Ratings Changes

SBUX has been the topic of several analyst reports. Morgan Stanley dropped their target price on Starbucks from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday. Citigroup dropped their price objective on Starbucks from $102.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday. StockNews.com downgraded Starbucks from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Stephens restated an “equal weight” rating and set a $110.00 price objective on shares of Starbucks in a report on Wednesday, January 31st. Finally, Gordon Haskett downgraded Starbucks from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a report on Tuesday, January 16th. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Starbucks presently has an average rating of “Hold” and an average target price of $107.71.

Insiders Place Their Bets

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $94.03, for a total transaction of $305,597.50. Following the completion of the transaction, the insider now owns 84,153 shares in the company, valued at approximately $7,912,906.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 4,000 shares of company stock worth $375,665. 1.98% of the stock is owned by company insiders.

Starbucks 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.