Capital Analysts LLC Sells 132 Shares of Starbucks Co. (NASDAQ:SBUX)

Capital Analysts LLC reduced its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 1.0% during the fourth quarter, Holdings Channel reports. The fund owned 13,259 shares of the coffee company’s stock after selling 132 shares during the period. Capital Analysts LLC’s holdings in Starbucks were worth $1,210,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SBUX. Kovitz Investment Group Partners LLC grew its position in Starbucks by 991.0% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,144,661 shares of the coffee company’s stock worth $104,450,000 after acquiring an additional 1,039,744 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in Starbucks by 4.0% in the 4th quarter. Integrated Wealth Concepts LLC now owns 48,679 shares of the coffee company’s stock worth $4,442,000 after acquiring an additional 1,872 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of Starbucks by 25.6% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 121,085 shares of the coffee company’s stock valued at $11,001,000 after acquiring an additional 24,718 shares in the last quarter. Burling Wealth Partners LLC purchased a new stake in Starbucks in the fourth quarter worth $751,000. Finally, RiverPark Advisors LLC boosted its holdings in Starbucks by 59.6% in the fourth quarter. RiverPark Advisors LLC now owns 12,587 shares of the coffee company’s stock valued at $1,149,000 after acquiring an additional 4,701 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SBUX shares. Baird R W lowered shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Wedbush boosted their price target on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Stifel Nicolaus reduced their price objective on Starbucks from $114.00 to $103.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Wells Fargo & Company reduced their price objective on shares of Starbucks from $125.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group upgraded shares of Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 target price on the stock in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

Starbucks Trading Down 0.1 %

NASDAQ:SBUX opened at $83.81 on Friday. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The firm has a 50-day moving average price of $96.22 and a two-hundred day moving average price of $97.80. The company has a market capitalization of $95.20 billion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the business earned $0.90 EPS. On average, equities research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 2.91%. Starbucks’s dividend payout ratio is presently 78.71%.

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.