Heartland Bank & Trust Co Sells 272 Shares of Starbucks Co. (NASDAQ:SBUX)

Heartland Bank & Trust Co trimmed its position in Starbucks Co. (NASDAQ:SBUX) by 3.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,383 shares of the coffee company’s stock after selling 272 shares during the period. Heartland Bank & Trust Co’s holdings in Starbucks were worth $674,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of Starbucks during the second quarter worth approximately $25,000. DT Investment Partners LLC raised its holdings in Starbucks by 39.4% during the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after buying an additional 121 shares during the last quarter. FSA Wealth Management LLC acquired a new position in Starbucks during the third quarter worth $49,000. Friedenthal Financial bought a new position in shares of Starbucks in the third quarter valued at $50,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Starbucks during the third quarter valued at about $71,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Rachel Ruggeri sold 1,491 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the sale, the chief financial officer now owns 80,124 shares in the company, valued at approximately $7,975,542.96. This trade represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.98% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SBUX. TD Cowen reaffirmed a “buy” rating and issued a $110.00 price target on shares of Starbucks in a research report on Monday, November 11th. Morgan Stanley raised their target price on Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. BTIG Research upped their price target on Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. raised their price objective on Starbucks from $90.00 to $105.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Finally, Redburn Atlantic reiterated a “sell” rating and issued a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $103.92.

Starbucks Trading Up 0.8 %

Shares of SBUX stock opened at $98.81 on Monday. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $103.32. The stock has a market capitalization of $112.03 billion, a P/E ratio of 29.85, a PEG ratio of 2.91 and a beta of 0.99. The firm’s 50 day moving average is $95.66 and its 200 day moving average is $92.53.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. The firm had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the company earned $1.06 earnings per share. On average, equities analysts predict that Starbucks Co. will post 3.08 EPS for the current year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s payout ratio is 73.72%.

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.