Diversified Trust Co Sells 9,845 Shares of Starbucks Co. (NASDAQ:SBUX)

Diversified Trust Co reduced its position in Starbucks Co. (NASDAQ:SBUX) by 48.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,473 shares of the coffee company’s stock after selling 9,845 shares during the quarter. Diversified Trust Co’s holdings in Starbucks were worth $815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Scarborough Advisors LLC purchased a new position in shares of Starbucks during the fourth quarter worth about $26,000. Vima LLC bought a new stake in Starbucks during the 4th quarter valued at $26,000. DSM Capital Partners LLC bought a new position in Starbucks during the 4th quarter valued at approximately $27,000. Fairman Group LLC bought a new position in Starbucks in the 4th quarter worth $30,000. Finally, Cypress Capital Management LLC WY raised its stake in Starbucks by 133.1% in the fourth quarter. Cypress Capital Management LLC WY now owns 324 shares of the coffee company’s stock worth $31,000 after buying an additional 185 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Trading Down 2.9 %

SBUX traded down $2.82 during midday trading on Wednesday, hitting $93.08. 9,004,417 shares of the company were exchanged, compared to its average volume of 11,741,664. The company’s 50 day simple moving average is $77.44 and its 200 day simple moving average is $83.84. The firm has a market capitalization of $105.48 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 1.80 and a beta of 0.94. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $107.66.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, July 30th. The coffee company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.25 billion. Starbucks had a negative return on equity of 49.38% and a net margin of 11.16%. Starbucks’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $1.00 earnings per share. On average, equities analysts anticipate that Starbucks Co. will post 3.55 EPS for the current year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a $0.57 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.45%. Starbucks’s dividend payout ratio (DPR) is currently 62.81%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. DZ Bank lowered shares of Starbucks from a “buy” rating to a “hold” rating and set a $75.00 price objective on the stock. in a research note on Friday, May 3rd. BTIG Research dropped their price target on shares of Starbucks from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. William Blair lowered Starbucks from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 1st. Baird R W raised shares of Starbucks from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, UBS Group decreased their price objective on Starbucks from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Twelve investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $97.33.

Insider Transactions 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 Friday, June 14th. The stock was sold at an average price of $80.00, for a total value of $260,000.00. Following the sale, the chief executive officer now directly owns 78,304 shares of the company’s stock, valued at $6,264,320. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Rachel Ruggeri sold 3,750 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $80.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer now directly owns 65,431 shares of the company’s stock, valued at approximately $5,234,480. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction on Friday, June 14th. The stock was sold at an average price of $80.00, for a total transaction of $260,000.00. Following the sale, the chief executive officer now directly owns 78,304 shares in the company, valued at approximately $6,264,320. The disclosure for this sale can be found here. Insiders have sold a total of 7,250 shares of company stock valued at $579,375 in the last ninety days. 1.98% of the stock is currently owned by corporate insiders.

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.