Starbucks Co. (NASDAQ:SBUX) Shares Sold by Prudent Man Advisors LLC

Prudent Man Advisors LLC trimmed its holdings in shares of Starbucks Co. (NASDAQ:SBUXGet Rating) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,218 shares of the coffee company’s stock after selling 244 shares during the period. Prudent Man Advisors LLC’s holdings in Starbucks were worth $1,021,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SBUX. Capital Advisors Ltd. LLC lifted its stake in shares of Starbucks by 43.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 2,755 shares of the coffee company’s stock valued at $251,000 after purchasing an additional 836 shares during the period. Lake Street Financial LLC lifted its stake in shares of Starbucks by 6.3% in the 1st quarter. Lake Street Financial LLC now owns 41,438 shares of the coffee company’s stock valued at $3,770,000 after purchasing an additional 2,446 shares during the period. Banco Santander S.A. lifted its stake in shares of Starbucks by 18.9% in the 1st quarter. Banco Santander S.A. now owns 122,255 shares of the coffee company’s stock valued at $11,121,000 after purchasing an additional 19,408 shares during the period. ICICI Prudential Asset Management Co Ltd lifted its stake in shares of Starbucks by 14.2% in the 1st quarter. ICICI Prudential Asset Management Co Ltd now owns 3,307 shares of the coffee company’s stock valued at $301,000 after purchasing an additional 412 shares during the period. Finally, Shufro Rose & Co. LLC lifted its stake in shares of Starbucks by 0.4% in the 1st quarter. Shufro Rose & Co. LLC now owns 124,508 shares of the coffee company’s stock valued at $11,327,000 after purchasing an additional 467 shares during the period. 69.21% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Performance

SBUX stock opened at $85.73 on Friday. The company’s 50 day moving average price is $78.88 and its 200 day moving average price is $83.14. Starbucks Co. has a fifty-two week low of $68.39 and a fifty-two week high of $120.76. The firm has a market capitalization of $98.37 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 2.70 and a beta of 0.95.

Starbucks (NASDAQ:SBUXGet Rating) last released its earnings results on Tuesday, August 2nd. The coffee company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Starbucks had a net margin of 13.03% and a negative return on equity of 47.28%. During the same quarter last year, the business earned $1.01 EPS. Equities analysts forecast that Starbucks Co. will post 2.89 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.96 annualized dividend and a yield of 2.29%. Starbucks’s dividend payout ratio is currently 55.21%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SBUX. Wedbush boosted their target price on shares of Starbucks from $81.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday. Robert W. Baird reissued a “neutral” rating and issued a $83.00 price target on shares of Starbucks in a report on Thursday. BTIG Research cut their price target on shares of Starbucks from $130.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, April 20th. Guggenheim cut their price target on shares of Starbucks from $95.00 to $87.00 in a report on Wednesday, April 13th. Finally, Citigroup boosted their price target on shares of Starbucks from $84.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $102.92.

Insider Buying and Selling at Starbucks

In related news, CEO Howard D. Schultz purchased 137,500 shares of the company’s stock in a transaction on Tuesday, May 10th. The shares were bought at an average cost of $72.67 per share, for a total transaction of $9,992,125.00. Following the completion of the purchase, the chief executive officer now directly owns 19,534,460 shares of the company’s stock, valued at approximately $1,419,569,208.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Starbucks news, CEO Howard D. Schultz bought 137,500 shares of the stock in a transaction dated Tuesday, May 10th. The shares were acquired at an average cost of $72.67 per share, for a total transaction of $9,992,125.00. Following the completion of the transaction, the chief executive officer now owns 19,534,460 shares in the company, valued at approximately $1,419,569,208.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Howard D. Schultz bought 72,500 shares of the stock in a transaction dated Thursday, May 12th. The shares were acquired at an average price of $68.85 per share, for a total transaction of $4,991,625.00. Following the completion of the transaction, the chief executive officer now owns 19,606,960 shares of the company’s stock, valued at approximately $1,349,939,196. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by insiders.

Starbucks Company Profile

(Get Rating)

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty 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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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