Tsfg LLC Sells 285 Shares of Starbucks Co. (NASDAQ:SBUX)

Tsfg LLC reduced its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,599 shares of the coffee company’s stock after selling 285 shares during the quarter. Tsfg LLC’s holdings in Starbucks were worth $420,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new stake in Starbucks in the 2nd quarter worth $25,000. Fairfield Financial Advisors LTD purchased a new stake in shares of Starbucks during the second quarter worth about $41,000. DT Investment Partners LLC grew its stake in shares of Starbucks by 39.4% in the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after purchasing an additional 121 shares during the last quarter. FSA Wealth Management LLC purchased a new position in Starbucks during the 3rd quarter valued at about $49,000. Finally, Friedenthal Financial bought a new position in Starbucks during the 3rd quarter valued at approximately $50,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Rachel Ruggeri sold 1,491 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the sale, the chief financial officer now directly owns 80,124 shares of the company’s stock, valued at $7,975,542.96. This represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.98% of the stock is owned by company insiders.

Starbucks Price Performance

Shares of SBUX opened at $93.51 on Tuesday. The firm has a market capitalization of $106.02 billion, a P/E ratio of 28.25, a PEG ratio of 2.86 and a beta of 0.99. Starbucks Co. has a one year low of $71.55 and a one year high of $103.32. The business has a fifty day moving average of $96.06 and a 200 day moving average of $91.24.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The business had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the firm earned $1.06 earnings per share. Analysts expect that Starbucks Co. will post 3.11 EPS for the current fiscal year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.61%. The ex-dividend date is Friday, February 14th. Starbucks’s dividend payout ratio is 73.72%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SBUX shares. Morgan Stanley boosted their target price on Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Jefferies Financial Group downgraded shares of Starbucks from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $80.00 to $76.00 in a research report on Tuesday, September 24th. Barclays decreased their price objective on shares of Starbucks from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. TD Cowen reaffirmed a “buy” rating and set a $110.00 target price on shares of Starbucks in a research note on Monday, November 11th. Finally, Royal Bank of Canada assumed coverage on shares of Starbucks in a research note on Friday, November 15th. They issued an “outperform” rating and a $115.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.77.

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.