Foundations Investment Advisors LLC Has $1.93 Million Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Foundations Investment Advisors LLC trimmed its position in Starbucks Co. (NASDAQ:SBUX) by 8.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,156 shares of the coffee company’s stock after selling 1,872 shares during the period. Foundations Investment Advisors LLC’s holdings in Starbucks were worth $1,931,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Starbucks during the second quarter valued at approximately $25,000. DT Investment Partners LLC increased its stake in Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after purchasing an additional 121 shares in the last quarter. FSA Wealth Management LLC acquired a new position in Starbucks during the third quarter worth $49,000. Friedenthal Financial bought a new position in shares of Starbucks in the third quarter valued at $50,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Starbucks during the third quarter valued at about $71,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Performance

Shares of SBUX opened at $100.46 on Wednesday. The firm has a market cap of $113.90 billion, a P/E ratio of 30.35, a price-to-earnings-growth ratio of 2.91 and a beta of 0.99. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $103.32. The business has a 50-day moving average of $95.65 and a 200 day moving average of $92.71.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. During the same period last year, the company earned $0.90 EPS. As a group, research analysts predict that Starbucks Co. will post 3.08 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Friday, February 14th. Starbucks’s payout ratio is currently 73.72%.

Insider Activity

In other Starbucks news, CFO Rachel Ruggeri sold 1,452 shares of Starbucks stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $99.07, for a total transaction of $143,849.64. Following the completion of the transaction, the chief financial officer now owns 65,648 shares of the company’s stock, valued at $6,503,747.36. The trade was a 2.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.98% of the stock is owned by company insiders.

Analyst Ratings Changes

SBUX has been the topic of a number of analyst reports. Redburn Atlantic restated a “sell” rating and issued a $77.00 target price (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. TD Cowen restated a “buy” rating and issued a $110.00 target price on shares of Starbucks in a report on Monday, November 11th. Stifel Nicolaus lifted their target price on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday. UBS Group increased their price target on Starbucks from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, BTIG Research lifted their price objective on shares of Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $104.08.

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.