WCG Wealth Advisors LLC Has $3.19 Million Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

WCG Wealth Advisors LLC trimmed its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,920 shares of the coffee company’s stock after selling 2,034 shares during the period. WCG Wealth Advisors LLC’s holdings in Starbucks were worth $3,186,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Financial Life Planners acquired a new stake in shares of Starbucks during the 4th quarter worth about $25,000. Graney & King LLC bought a new position in Starbucks in the 4th quarter valued at about $26,000. Collier Financial bought a new position in Starbucks in the 4th quarter valued at about $27,000. Runnymede Capital Advisors Inc. acquired a new stake in Starbucks during the fourth quarter worth approximately $27,000. Finally, Marshall Investment Management LLC bought a new stake in shares of Starbucks during the fourth quarter worth approximately $30,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $83.97 on Friday. The firm has a market cap of $95.42 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The firm’s fifty day moving average is $87.06 and its 200-day moving average is $96.13. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.10). Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The company had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.90 billion. During the same quarter last year, the business earned $0.68 earnings per share. Starbucks’s revenue was up 2.3% compared to the same quarter last year. Sell-side analysts forecast that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Friday, May 16th. Starbucks’s dividend payout ratio (DPR) is presently 88.41%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SBUX shares. Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of Starbucks in a research report on Friday, May 16th. Barclays dropped their price objective on Starbucks from $106.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Wall Street Zen cut Starbucks from a “hold” rating to a “sell” rating in a report on Thursday. 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 report on Wednesday, April 30th. Finally, Baird R W lowered shares of Starbucks from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Starbucks has an average rating of “Hold” and an average target price of $98.72.

About Starbucks

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.