Mosaic Family Wealth Partners LLC Trims Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Mosaic Family Wealth Partners LLC lessened its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,818 shares of the coffee company’s stock after selling 227 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in Starbucks were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of Starbucks during the fourth quarter worth $25,000. Graney & King LLC purchased a new stake in Starbucks in the 4th quarter valued at about $26,000. Collier Financial purchased a new stake in Starbucks in the 4th quarter valued at about $27,000. Runnymede Capital Advisors Inc. acquired a new position in shares of Starbucks during the 4th quarter valued at about $27,000. Finally, Marshall Investment Management LLC purchased a new position in shares of Starbucks during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on SBUX. Citigroup dropped their price target on shares of Starbucks from $88.00 to $84.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. Wall Street Zen downgraded Starbucks from a “hold” rating to a “sell” rating in a report on Thursday. Jefferies Financial Group upgraded Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 target price on the stock in a report on Wednesday, April 9th. Stifel Nicolaus dropped their price target on Starbucks from $103.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Finally, Baird R W lowered Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $98.72.

Starbucks Price Performance

NASDAQ:SBUX opened at $83.97 on Friday. The firm has a 50-day moving average of $87.06 and a two-hundred day moving average of $96.13. The stock has a market cap of $95.42 billion, a P/E ratio of 27.09, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.10). Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The business had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.90 billion. During the same period in the prior year, the company posted $0.68 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities analysts expect 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. Shareholders of record on Friday, May 16th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 2.91%. Starbucks’s dividend payout ratio (DPR) is 88.41%.

Starbucks 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.