Bellecapital International Ltd. Trims Stock Position in Starbucks Co. (NASDAQ:SBUX)

Bellecapital International Ltd. cut its stake in Starbucks Co. (NASDAQ:SBUXFree Report) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,061 shares of the coffee company’s stock after selling 2,026 shares during the period. Bellecapital International Ltd.’s holdings in Starbucks were worth $2,598,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Freedom Wealth Alliance LLC purchased a new stake in Starbucks in the fourth quarter valued at $26,000. Riggs Asset Managment Co. Inc. increased its stake in Starbucks by 1,578.9% in the third quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock valued at $29,000 after purchasing an additional 300 shares during the period. Atticus Wealth Management LLC increased its stake in Starbucks by 153.8% in the fourth quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock valued at $32,000 after purchasing an additional 200 shares during the period. First Capital Advisors Group LLC. acquired a new position in Starbucks in the second quarter valued at $35,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Starbucks in the first quarter valued at $37,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

SBUX has been the topic of a number of recent research reports. BMO Capital Markets dropped their price objective on shares of Starbucks from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 31st. Wedbush reiterated a “neutral” rating and set a $95.00 price target on shares of Starbucks in a research note on Wednesday, January 31st. Barclays dropped their price target on shares of Starbucks from $116.00 to $112.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and set a $102.00 price target on shares of Starbucks in a research note on Wednesday, January 31st. Finally, BTIG Research lowered their target price on shares of Starbucks from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Starbucks has an average rating of “Hold” and an average price target of $110.05.

Check Out Our Latest Report on SBUX

Starbucks Stock Performance

Shares of SBUX opened at $91.39 on Monday. The company has a market capitalization of $103.47 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.45 and a beta of 0.98. The company’s 50 day simple moving average is $92.95 and its 200 day simple moving average is $95.10. Starbucks Co. has a 1 year low of $89.21 and a 1 year high of $115.48.

Starbucks (NASDAQ:SBUXGet Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The company had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same period last year, the company posted $0.75 EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities analysts expect that Starbucks Co. will post 4.06 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is 60.96%.

Starbucks Profile

(Free Report)

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.

Read More

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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