Starbucks Co. (NASDAQ:SBUX) Shares Sold by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. decreased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,613 shares of the coffee company’s stock after selling 347 shares during the period. TCI Wealth Advisors Inc.’s holdings in Starbucks were worth $443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in SBUX. Flossbach Von Storch AG boosted its stake in Starbucks by 8,677.8% during the 4th quarter. Flossbach Von Storch AG now owns 2,715,405 shares of the coffee company’s stock worth $260,706,000 after purchasing an additional 2,684,470 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in Starbucks by 432.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 2,039,633 shares of the coffee company’s stock valued at $195,825,000 after acquiring an additional 1,656,591 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Starbucks in the 3rd quarter valued at about $147,125,000. Nordea Investment Management AB lifted its stake in Starbucks by 44.8% in the 4th quarter. Nordea Investment Management AB now owns 5,146,033 shares of the coffee company’s stock worth $493,350,000 after purchasing an additional 1,591,206 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Starbucks by 481.9% during the 4th quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company’s stock worth $148,567,000 after purchasing an additional 1,281,471 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Buying and Selling at Starbucks

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the firm’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 transaction of $277,517.50. Following the sale, the chief executive officer now owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 7,250 shares of company stock worth $651,738 over the last ninety days. Corporate insiders own 1.98% of the company’s stock.

Analyst Upgrades and Downgrades

SBUX has been the topic of a number of recent research reports. Wedbush lowered their price objective on Starbucks from $95.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Jefferies Financial Group cut their price objective on shares of Starbucks from $94.00 to $84.00 and set a “hold” rating for the company in a research report on Wednesday, May 1st. BMO Capital Markets decreased their target price on shares of Starbucks from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, January 31st. Stephens restated an “equal weight” rating and set a $110.00 price target on shares of Starbucks in a report on Wednesday, January 31st. Finally, BTIG Research lowered their price objective on Starbucks from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Seventeen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $96.43.

Starbucks Trading Down 0.5 %

NASDAQ:SBUX traded down $0.34 during midday trading on Monday, reaching $72.77. The company had a trading volume of 15,654,297 shares, compared to its average volume of 9,526,872. Starbucks Co. has a 12-month low of $72.67 and a 12-month high of $108.12. The firm has a market capitalization of $82.43 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 1.58 and a beta of 0.97. The stock’s fifty day simple moving average is $88.89 and its 200-day simple moving average is $93.84.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, April 30th. The coffee company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.11). Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The company had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $9.12 billion. During the same quarter in the previous year, the business posted $0.74 EPS. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts expect that Starbucks Co. will post 3.63 EPS for the current year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is presently 62.81%.

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.