Starbucks Co. (NASDAQ:SBUX) Shares Sold by DeDora Capital Inc.

DeDora Capital Inc. lessened its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 5.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,547 shares of the coffee company’s stock after selling 273 shares during the period. DeDora Capital Inc.’s holdings in Starbucks were worth $416,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SBUX. Vanguard Group Inc. raised its holdings in shares of Starbucks by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 107,933,270 shares of the coffee company’s stock worth $10,362,673,000 after acquiring an additional 1,041,622 shares during the last quarter. Northern Trust Corp lifted its stake in Starbucks by 1.5% during the third quarter. Northern Trust Corp now owns 15,217,752 shares of the coffee company’s stock worth $1,388,924,000 after purchasing an additional 232,031 shares during the last quarter. Norges Bank acquired a new position in Starbucks during the 4th quarter valued at about $1,240,652,000. Fisher Asset Management LLC grew its holdings in Starbucks by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 11,367,331 shares of the coffee company’s stock worth $1,091,378,000 after buying an additional 268,030 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Starbucks by 11.8% during the third quarter. Invesco Ltd. now owns 10,541,739 shares of the coffee company’s stock valued at $962,144,000 after purchasing an additional 1,115,051 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on SBUX shares. Guggenheim reduced their target price on shares of Starbucks from $100.00 to $91.00 and set a “buy” rating for the company in a report on Friday, April 19th. Barclays lowered their target price 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. BTIG Research decreased their price target on shares of Starbucks from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday. TD Cowen cut their price target on shares of Starbucks from $100.00 to $85.00 and set a “hold” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Starbucks from $100.00 to $92.00 and set an “overweight” rating for the company in a research note on Wednesday. Seventeen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Starbucks has a consensus rating of “Hold” and an average target price of $97.09.

Insiders Place Their Bets

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $85.39, for a total value of $277,517.50. Following the completion of the transaction, the chief executive officer now directly owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The sale was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders sold 7,250 shares of company stock valued at $651,738. 1.98% of the stock is owned by company insiders.

Starbucks Trading Down 2.4 %

SBUX traded down $1.82 during midday trading on Friday, hitting $73.11. 22,153,770 shares of the company traded hands, compared to its average volume of 12,042,146. The company has a market capitalization of $82.81 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 1.39 and a beta of 0.97. Starbucks Co. has a 52-week low of $72.67 and a 52-week high of $108.12. The business has a 50 day simple moving average of $88.89 and a two-hundred day simple moving average of $93.84.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share 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 firm had revenue of $8.56 billion during the quarter, compared to analyst estimates of $9.12 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. Equities research analysts anticipate that Starbucks Co. will post 3.69 earnings per share for the current year.

Starbucks Dividend Announcement

The firm 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 $0.57 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 annualized dividend and a yield of 3.12%. Starbucks’s dividend payout ratio (DPR) is 62.81%.

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.