TRUE Private Wealth Advisors Has $1.03 Million Stake in Starbucks Co. (NASDAQ:SBUX)

TRUE Private Wealth Advisors trimmed its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,733 shares of the coffee company’s stock after selling 298 shares during the period. TRUE Private Wealth Advisors’ holdings in Starbucks were worth $1,031,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Willow Creek Wealth Management Inc. raised its stake in Starbucks by 3.0% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company’s stock worth $302,000 after purchasing an additional 97 shares in the last quarter. Investment Advisory Services Inc. TX ADV grew its holdings in shares of Starbucks by 0.7% during the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 14,194 shares of the coffee company’s stock valued at $1,408,000 after purchasing an additional 100 shares during the last quarter. Valley Brook Capital Group Inc. grew its holdings in shares of Starbucks by 2.4% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 4,200 shares of the coffee company’s stock valued at $383,000 after purchasing an additional 100 shares during the last quarter. Charles Schwab Investment Advisory Inc. grew its holdings in Starbucks by 4.6% during the 3rd quarter. Charles Schwab Investment Advisory Inc. now owns 2,260 shares of the coffee company’s stock worth $206,000 after acquiring an additional 100 shares during the last quarter. Finally, Herold Advisors Inc. grew its holdings in Starbucks by 4.3% during the 3rd quarter. Herold Advisors Inc. now owns 2,422 shares of the coffee company’s stock worth $221,000 after acquiring an additional 100 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SBUX has been the topic of a number of research reports. Wedbush reissued a “neutral” rating and set a $95.00 target price on shares of Starbucks in a report on Wednesday, January 31st. StockNews.com lowered shares of Starbucks from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Robert W. Baird reduced their price objective 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. BMO Capital Markets reduced their price objective on shares of Starbucks from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 31st. Finally, Gordon Haskett lowered shares of Starbucks from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research note on Tuesday, January 16th. Thirteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $107.43.

Starbucks Price Performance

Shares of SBUX stock traded up $0.06 on Wednesday, hitting $85.48. The stock had a trading volume of 1,468,806 shares, compared to its average volume of 8,295,397. The business has a 50 day moving average of $91.51 and a 200 day moving average of $94.53. The stock has a market cap of $96.78 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 1.36 and a beta of 0.97. Starbucks Co. has a 12-month low of $84.29 and a 12-month high of $115.48.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). The firm had revenue of $9.43 billion during 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 business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. As a group, research analysts expect that Starbucks Co. will post 4.04 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business 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. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 annualized dividend and a yield of 2.67%. Starbucks’s payout ratio is currently 60.96%.

Insider Activity at Starbucks

In related news, insider Michael Aaron Conway sold 3,250 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the completion of the transaction, the insider now owns 84,153 shares in the company, valued at $7,912,906.59. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders sold 4,000 shares of company stock worth $375,665. 1.98% of the stock is owned by company insiders.

About Starbucks

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.