Starbucks Co. (NASDAQ:SBUX) Shares Sold by Linscomb & Williams Inc.

Linscomb & Williams Inc. cut its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 83.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,357 shares of the coffee company’s stock after selling 63,597 shares during the quarter. Linscomb & Williams Inc.’s holdings in Starbucks were worth $1,186,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Willow Creek Wealth Management Inc. grew its position in shares of Starbucks by 3.0% during the third quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company’s stock worth $302,000 after buying an additional 97 shares in the last quarter. Charles Schwab Investment Advisory Inc. lifted its stake in Starbucks by 4.6% during the third quarter. Charles Schwab Investment Advisory Inc. now owns 2,260 shares of the coffee company’s stock worth $206,000 after purchasing an additional 100 shares during the last quarter. Herold Advisors Inc. lifted its stake in Starbucks by 4.3% during the third quarter. Herold Advisors Inc. now owns 2,422 shares of the coffee company’s stock worth $221,000 after purchasing an additional 100 shares during the last quarter. Rodgers Brothers Inc. lifted its stake in Starbucks by 1.2% during the third quarter. Rodgers Brothers Inc. now owns 8,269 shares of the coffee company’s stock worth $755,000 after purchasing an additional 100 shares during the last quarter. Finally, First National Trust Co lifted its stake in Starbucks by 2.2% during the fourth quarter. First National Trust Co now owns 5,033 shares of the coffee company’s stock worth $483,000 after purchasing an additional 106 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Up 0.7 %

SBUX stock traded up $0.56 during trading on Friday, reaching $78.87. 10,746,166 shares of the company’s stock were exchanged, compared to its average volume of 17,810,700. The firm has a market cap of $89.34 billion, a PE ratio of 21.73, a P/E/G ratio of 1.71 and a beta of 0.97. The company’s fifty day moving average price is $84.08 and its 200-day moving average price is $91.79. Starbucks Co. has a 1-year low of $71.80 and a 1-year high of $107.66.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The company had revenue of $8.56 billion for the quarter, compared to analyst estimates of $9.12 billion. Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share. As a group, sell-side analysts expect that Starbucks Co. will post 3.59 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.89%. The ex-dividend date is Thursday, May 16th. Starbucks’s payout ratio is 62.81%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SBUX shares. Barclays reduced their price objective on Starbucks from $116.00 to $112.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st. Evercore ISI dropped their price objective on Starbucks from $120.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Citigroup lowered their target price on Starbucks from $95.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Stephens reissued an “equal weight” rating and issued a $110.00 target price on shares of Starbucks in a report on Wednesday, January 31st. Finally, Jefferies Financial Group reduced their price objective on Starbucks from $94.00 to $84.00 and set a “hold” rating on the stock in a research report on Wednesday, May 1st. Seventeen analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Starbucks currently has an average rating of “Hold” and a consensus price target of $96.43.

Insider Buying and Selling at Starbucks

In other news, CFO Rachel Ruggeri sold 3,750 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $80.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief financial officer now owns 65,431 shares in the company, valued at approximately $5,234,480. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Rachel Ruggeri sold 3,750 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $80.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief financial officer now owns 65,431 shares in the company, valued at approximately $5,234,480. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $85.39, for a total value of $277,517.50. Following the completion of the transaction, the chief executive officer now directly owns 81,199 shares of the company’s stock, valued at approximately $6,933,582.61. The disclosure for this sale can be found here. Insiders have sold 7,750 shares of company stock worth $642,050 over the last 90 days. 1.98% of the stock is currently owned by corporate insiders.

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.