Starbucks Co. (NASDAQ:SBUX) Shares Sold by Everett Harris & Co. CA

Everett Harris & Co. CA lessened its holdings in Starbucks Co. (NASDAQ:SBUX) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,132,230 shares of the coffee company’s stock after selling 1,467 shares during the quarter. Starbucks comprises approximately 1.6% of Everett Harris & Co. CA’s investment portfolio, making the stock its 16th largest holding. Everett Harris & Co. CA owned 0.10% of Starbucks worth $108,705,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Good Life Advisors LLC grew its position in Starbucks by 6.3% during the 4th quarter. Good Life Advisors LLC now owns 8,400 shares of the coffee company’s stock worth $807,000 after purchasing an additional 500 shares during the period. Elk River Wealth Management LLC lifted its holdings in Starbucks by 1.3% in the fourth quarter. Elk River Wealth Management LLC now owns 33,560 shares of the coffee company’s stock valued at $3,222,000 after acquiring an additional 440 shares during the period. Altfest L J & Co. Inc. lifted its stake in shares of Starbucks by 2.4% in the 4th quarter. Altfest L J & Co. Inc. now owns 5,729 shares of the coffee company’s stock valued at $550,000 after purchasing an additional 133 shares during the period. Deane Retirement Strategies Inc. boosted its holdings in Starbucks by 13,875.7% during the fourth quarter. Deane Retirement Strategies Inc. now owns 28,790 shares of the coffee company’s stock worth $2,764,000 after buying an additional 28,584 shares in the last quarter. Finally, First National Corp MA ADV acquired a new stake in Starbucks during the fourth quarter valued at $210,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Michael Aaron Conway sold 3,250 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $94.03, for a total value of $305,597.50. Following the completion of the sale, the insider now directly owns 84,153 shares of the company’s stock, valued at $7,912,906.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 4,000 shares of company stock valued at $375,665. Insiders own 1.98% of the company’s stock.

Starbucks Stock Performance

SBUX stock traded up $1.14 during mid-day trading on Wednesday, reaching $91.50. The company had a trading volume of 5,393,557 shares, compared to its average volume of 8,610,955. The firm has a fifty day simple moving average of $93.05 and a 200 day simple moving average of $95.19. Starbucks Co. has a fifty-two week low of $89.21 and a fifty-two week high of $115.48. The company has a market capitalization of $103.60 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last posted 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 business 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 quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $0.75 EPS. As a group, analysts predict that Starbucks Co. will post 4.06 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a $0.57 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.28 annualized dividend and a yield of 2.49%. Starbucks’s dividend payout ratio is presently 60.96%.

Analyst Ratings Changes

A number of analysts have recently commented on SBUX shares. StockNews.com cut Starbucks from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Barclays dropped their target price on shares of Starbucks from $116.00 to $112.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $102.00 price target on shares of Starbucks in a research note on Wednesday, January 31st. Stephens reiterated an “equal weight” rating and set a $110.00 price objective on shares of Starbucks in a research note on Wednesday, January 31st. Finally, HSBC initiated coverage on Starbucks in a report on Wednesday, December 20th. They set a “hold” rating and a $107.00 target price for the company. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Starbucks has an average rating of “Hold” and a consensus price target of $110.05.

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.