Starbucks Corporation $SBUX Shares Sold by Brown Shipley& Co Ltd

Brown Shipley& Co Ltd cut its position in Starbucks Corporation (NASDAQ:SBUX) by 12.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,832 shares of the coffee company’s stock after selling 260 shares during the quarter. Brown Shipley& Co Ltd’s holdings in Starbucks were worth $180,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in Starbucks by 86.5% in the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after acquiring an additional 81,952 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of Starbucks by 1,548.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,513,437 shares of the coffee company’s stock worth $138,102,000 after purchasing an additional 1,421,600 shares in the last quarter. RiverPark Advisors LLC increased its holdings in shares of Starbucks by 59.6% during the fourth quarter. RiverPark Advisors LLC now owns 12,587 shares of the coffee company’s stock valued at $1,149,000 after purchasing an additional 4,701 shares during the period. Burling Wealth Partners LLC acquired a new position in shares of Starbucks during the fourth quarter valued at $751,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of Starbucks by 25.6% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 121,085 shares of the coffee company’s stock valued at $11,001,000 after purchasing an additional 24,718 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

NASDAQ SBUX opened at $89.51 on Thursday. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $117.46. The company has a market capitalization of $101.75 billion, a P/E ratio of 38.58, a PEG ratio of 5.34 and a beta of 1.02. The company’s 50 day simple moving average is $92.70 and its 200 day simple moving average is $93.83.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results 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). The business had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.29 billion. Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%.The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. On average, analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.7%. Starbucks’s payout ratio is 105.17%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SBUX shares. UBS Group increased their target price on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Bank of America upped their price target on shares of Starbucks from $101.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Royal Bank Of Canada raised their price objective on shares of Starbucks from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Wells Fargo & Company boosted their target price on Starbucks from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $95.00 price target (up from $85.00) on shares of Starbucks in a research note on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.40.

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.