Boston Trust Walden Corp Sells 44,871 Shares of Starbucks Corporation $SBUX

Boston Trust Walden Corp reduced its stake in Starbucks Corporation (NASDAQ:SBUX) by 19.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 181,702 shares of the coffee company’s stock after selling 44,871 shares during the period. Boston Trust Walden Corp’s holdings in Starbucks were worth $15,372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of SBUX. Game Plan Financial Advisors LLC bought a new stake in shares of Starbucks during the 2nd quarter worth approximately $25,000. Transce3nd LLC increased its stake in Starbucks by 270.3% in the second quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock valued at $25,000 after acquiring an additional 200 shares during the last quarter. Chelsea Counsel Co. acquired a new position in Starbucks during the second quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC raised its position in Starbucks by 125.2% during the first quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock valued at $28,000 after purchasing an additional 159 shares in the last quarter. Finally, MTM Investment Management LLC bought a new stake in Starbucks during the second quarter worth $28,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SBUX has been the topic of several recent analyst reports. Royal Bank Of Canada set a $100.00 price target on Starbucks and gave the company an “outperform” rating in a research note on Thursday, October 30th. BTIG Research reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Starbucks in a research note on Thursday, October 30th. Dbs Bank downgraded Starbucks from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Wall Street Zen raised shares of Starbucks from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Wells Fargo & Company set a $100.00 price target on shares of Starbucks and gave the company an “overweight” rating in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.44.

Insider Activity

In other Starbucks news, Director Jorgen Vig Knudstorp purchased 11,700 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were bought at an average price of $85.00 per share, for a total transaction of $994,500.00. Following the completion of the acquisition, the director owned 53,096 shares in the company, valued at approximately $4,513,160. This trade represents a 28.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.09% of the company’s stock.

Starbucks Trading Up 0.6%

Starbucks stock opened at $85.57 on Tuesday. The stock has a 50-day moving average price of $84.85 and a two-hundred day moving average price of $87.45. 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 $97.30 billion, a PE ratio of 52.18, a P/E/G ratio of 1.77 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, October 29th. The coffee company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). The firm had revenue of $9.57 billion during the quarter, compared to analyst estimates of $9.41 billion. Starbucks had a net margin of 4.99% and a negative return on equity of 31.32%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 EPS. As a group, analysts predict that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.48 annualized dividend and a dividend yield of 2.9%. Starbucks’s dividend payout ratio (DPR) is presently 151.22%.

About Starbucks

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.