Starbucks Co. (SBUX) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. reduced its stake in Starbucks Co. (NASDAQ:SBUX) by 22.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 314,728 shares of the coffee company’s stock after selling 90,427 shares during the period. Brown Advisory Inc.’s holdings in Starbucks were worth $17,888,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SBUX. Meiji Yasuda Life Insurance Co raised its holdings in shares of Starbucks by 1.8% in the 3rd quarter. Meiji Yasuda Life Insurance Co now owns 42,724 shares of the coffee company’s stock worth $2,429,000 after purchasing an additional 743 shares in the last quarter. Wesbanco Bank Inc. raised its holdings in shares of Starbucks by 2.2% in the 3rd quarter. Wesbanco Bank Inc. now owns 39,557 shares of the coffee company’s stock worth $2,249,000 after purchasing an additional 868 shares in the last quarter. Radnor Capital Management LLC raised its holdings in shares of Starbucks by 8.7% during the third quarter. Radnor Capital Management LLC now owns 11,264 shares of the coffee company’s stock valued at $640,000 after acquiring an additional 900 shares during the period. Mercer Capital Advisers Inc. raised its holdings in shares of Starbucks by 5.4% during the third quarter. Mercer Capital Advisers Inc. now owns 18,550 shares of the coffee company’s stock valued at $1,054,000 after acquiring an additional 950 shares during the period. Finally, DDD Partners LLC raised its holdings in shares of Starbucks by 13.3% during the second quarter. DDD Partners LLC now owns 8,317 shares of the coffee company’s stock valued at $406,000 after acquiring an additional 975 shares during the period. 71.14% of the stock is owned by institutional investors.

In related news, Director Myron E. Ullman III sold 99,166 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $55.05, for a total transaction of $5,459,088.30. Following the transaction, the director now directly owns 29,000 shares of the company’s stock, valued at $1,596,450. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.40% of the company’s stock.

SBUX has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Starbucks from a “hold” rating to a “sell” rating in a report on Monday, August 6th. BidaskClub upgraded shares of Starbucks from a “sell” rating to a “hold” rating in a report on Thursday, August 16th. Piper Jaffray Companies lowered shares of Starbucks from an “overweight” rating to a “neutral” rating and set a $72.00 price target on the stock. in a report on Tuesday, August 21st. ValuEngine upgraded shares of Starbucks from a “sell” rating to a “hold” rating in a report on Friday, September 7th. Finally, Wedbush restated a “hold” rating and set a $53.00 price target on shares of Starbucks in a report on Tuesday, September 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $65.05.

Shares of SBUX opened at $66.72 on Friday. Starbucks Co. has a 52 week low of $47.37 and a 52 week high of $68.98. The company has a market cap of $82.97 billion, a P/E ratio of 27.57, a P/E/G ratio of 1.87 and a beta of 0.48. The company has a current ratio of 2.20, a quick ratio of 1.95 and a debt-to-equity ratio of 7.73.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, November 1st. The coffee company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Starbucks had a net margin of 18.28% and a return on equity of 86.33%. The firm had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the previous year, the firm posted $0.55 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. On average, equities research analysts predict that Starbucks Co. will post 2.65 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Thursday, November 15th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Wednesday, November 14th. Starbucks’s payout ratio is presently 59.50%.

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About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

See Also: Retained Earnings

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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