Marshall & Sullivan Inc. WA Has $961,000 Position in Starbucks Co. (NASDAQ:SBUX)

Marshall & Sullivan Inc. WA reduced its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,796 shares of the coffee company’s stock after selling 400 shares during the period. Marshall & Sullivan Inc. WA’s holdings in Starbucks were worth $961,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SBUX. Capital & Planning LLC grew its holdings in Starbucks by 40.7% during the 4th quarter. Capital & Planning LLC now owns 12,039 shares of the coffee company’s stock worth $1,099,000 after acquiring an additional 3,483 shares during the period. Brighton Jones LLC grew its holdings in Starbucks by 86.5% during the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock worth $16,126,000 after acquiring an additional 81,952 shares during the period. DAVENPORT & Co LLC grew its holdings in Starbucks by 0.9% during the 4th quarter. DAVENPORT & Co LLC now owns 81,377 shares of the coffee company’s stock worth $7,426,000 after acquiring an additional 756 shares during the period. Spire Wealth Management grew its holdings in Starbucks by 11.3% during the 4th quarter. Spire Wealth Management now owns 36,091 shares of the coffee company’s stock worth $3,293,000 after acquiring an additional 3,667 shares during the period. Finally, Burford Brothers Inc. grew its holdings in Starbucks by 57.7% during the 4th quarter. Burford Brothers Inc. now owns 7,444 shares of the coffee company’s stock worth $679,000 after acquiring an additional 2,724 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Up 1.5%

Starbucks stock opened at $85.19 on Tuesday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The company’s 50 day moving average price is $85.28 and its two-hundred day moving average price is $95.46. The stock has a market cap of $96.81 billion, a P/E ratio of 27.48, a P/E/G ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.10). The firm had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. Starbucks’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 EPS. On average, equities analysts anticipate that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.61 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.86%. Starbucks’s dividend payout ratio (DPR) is presently 88.41%.

Analyst Ratings Changes

SBUX has been the subject of several research reports. Wells Fargo & Company reduced their target price on Starbucks from $125.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. TD Cowen restated a “hold” rating and issued a $90.00 target price on shares of Starbucks in a research note on Thursday, May 29th. Guggenheim reduced their target price on Starbucks from $95.00 to $83.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Citigroup reduced their target price on Starbucks from $88.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Finally, BMO Capital Markets reduced their target price on Starbucks from $115.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Starbucks presently has a consensus rating of “Hold” and a consensus target price of $97.92.

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.