Starbucks Co. (NASDAQ:SBUX) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. decreased its position in Starbucks Co. (NASDAQ:SBUX) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 275,326 shares of the coffee company’s stock after selling 6,426 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Starbucks were worth $25,123,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Starbucks by 8.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,649,493 shares of the coffee company’s stock valued at $206,279,000 after acquiring an additional 207,156 shares during the period. Waterloo Capital L.P. boosted its position in Starbucks by 13.7% during the 2nd quarter. Waterloo Capital L.P. now owns 2,704 shares of the coffee company’s stock valued at $210,000 after purchasing an additional 326 shares during the period. Intech Investment Management LLC grew its stake in Starbucks by 4.1% during the 2nd quarter. Intech Investment Management LLC now owns 1,000,848 shares of the coffee company’s stock worth $77,916,000 after buying an additional 38,961 shares during the last quarter. Brighton Jones LLC increased its position in Starbucks by 3.9% in the second quarter. Brighton Jones LLC now owns 154,017 shares of the coffee company’s stock worth $11,990,000 after buying an additional 5,715 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Starbucks by 9.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 115,435 shares of the coffee company’s stock valued at $8,987,000 after buying an additional 9,753 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SBUX shares. JPMorgan Chase & Co. increased their price objective on shares of Starbucks from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Morgan Stanley lifted their price target on Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. TD Cowen reissued a “buy” rating and issued a $110.00 price objective on shares of Starbucks in a report on Monday, November 11th. Barclays cut their target price on Starbucks from $110.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Finally, Wells Fargo & Company increased their price target on Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $103.92.

Insider Buying and Selling at Starbucks

In related news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the sale, the chief financial officer now owns 80,124 shares of the company’s stock, valued at approximately $7,975,542.96. This trade represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.98% of the company’s stock.

Starbucks Stock Performance

Starbucks stock opened at $95.13 on Friday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $103.32. The firm has a market capitalization of $107.86 billion, a price-to-earnings ratio of 28.74, a P/E/G ratio of 2.73 and a beta of 0.99. The company has a 50 day moving average price of $95.89 and a 200 day moving average price of $91.38.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The firm had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the prior year, the business earned $1.06 EPS. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. Equities analysts forecast that Starbucks Co. will post 3.1 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Friday, February 14th. Starbucks’s payout ratio is presently 73.72%.

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.