Dumont & Blake Investment Advisors LLC Sells 212 Shares of Starbucks Co. (NASDAQ:SBUX)

Dumont & Blake Investment Advisors LLC reduced its position in Starbucks Co. (NASDAQ:SBUXFree Report) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,930 shares of the coffee company’s stock after selling 212 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Starbucks were worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of SBUX. Quilter Plc purchased a new position in shares of Starbucks in the first quarter worth $208,530,000. Freedom Wealth Alliance LLC purchased a new stake in Starbucks during the fourth quarter valued at $26,000. Riggs Asset Managment Co. Inc. raised its stake in Starbucks by 1,578.9% during the third quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. Atticus Wealth Management LLC raised its stake in Starbucks by 153.8% during the fourth quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock valued at $32,000 after purchasing an additional 200 shares in the last quarter. Finally, First Capital Advisors Group LLC. purchased a new stake in Starbucks during the second quarter valued at $35,000. 72.29% of the stock is currently owned by institutional investors.

Starbucks Price Performance

NASDAQ SBUX traded down $0.53 during trading on Wednesday, reaching $88.77. 4,181,599 shares of the company’s stock traded hands, compared to its average volume of 8,453,306. The firm has a market cap of $100.51 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 1.46 and a beta of 0.98. The company’s 50 day simple moving average is $92.87 and its two-hundred day simple moving average is $95.00. Starbucks Co. has a 12-month low of $88.66 and a 12-month high of $115.48.

Starbucks (NASDAQ:SBUXGet Free Report) last posted its earnings results on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The business had revenue of $9.43 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. Research analysts expect that Starbucks Co. will post 4.06 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Thursday, May 16th. Starbucks’s payout ratio is currently 60.96%.

Insider Transactions at Starbucks

In other news, insider Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $94.03, for a total value of $305,597.50. Following the transaction, the insider now owns 84,153 shares of the company’s stock, valued at approximately $7,912,906.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 4,000 shares of company stock valued at $375,665 in the last 90 days. Insiders own 1.98% of the company’s stock.

Analysts Set New Price Targets

SBUX has been the topic of a number of recent research reports. Wedbush reaffirmed a “neutral” rating and set a $95.00 price target on shares of Starbucks in a research note on Wednesday, January 31st. Barclays decreased their price target on shares of Starbucks from $116.00 to $112.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 31st. Robert W. Baird decreased their price target on shares of Starbucks from $106.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. BTIG Research reduced their target price on shares of Starbucks from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, January 31st. Finally, Piper Sandler reduced their target price on shares of Starbucks from $107.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, January 19th. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Starbucks currently has an average rating of “Hold” and an average price target of $109.24.

Get Our Latest Stock Report on Starbucks

Starbucks Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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