ROI Financial Advisors LLC Has $206,000 Position in Starbucks Co. (NASDAQ:SBUX)

ROI Financial Advisors LLC trimmed its stake in Starbucks Co. (NASDAQ:SBUX) by 31.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,259 shares of the coffee company’s stock after selling 1,034 shares during the quarter. ROI Financial Advisors LLC’s holdings in Starbucks were worth $206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SBUX. Strategic Financial Concepts LLC bought a new stake in Starbucks in the 4th quarter valued at about $62,000. Arizona State Retirement System grew its stake in Starbucks by 0.8% in the fourth quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company’s stock valued at $29,881,000 after acquiring an additional 2,722 shares during the period. West Michigan Advisors LLC bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $265,000. Wernau Asset Management Inc. bought a new position in shares of Starbucks in the 4th quarter worth $258,000. Finally, OFI Invest Asset Management acquired a new stake in Starbucks in the 4th quarter valued at $9,497,000. 72.29% of the stock is owned by institutional investors.

Starbucks Trading Down 7.0 %

Starbucks stock opened at $82.10 on Friday. The firm has a 50 day simple moving average of $105.32 and a 200 day simple moving average of $99.36. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The firm has a market capitalization of $93.26 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same period in the previous year, the firm earned $0.90 earnings per share. On average, equities research analysts forecast that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Announces Dividend

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 $0.61 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.97%. Starbucks’s dividend payout ratio (DPR) is currently 78.71%.

Analyst Ratings Changes

SBUX has been the topic of several research reports. Stifel Nicolaus upped their price objective on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company raised their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Wedbush boosted their price objective on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. BMO Capital Markets lifted their target price on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Starbucks currently has a consensus rating of “Moderate Buy” and an average price target of $106.12.

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.