Starbucks Co. (NASDAQ:SBUX) Holdings Decreased by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors reduced its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 57.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,638 shares of the coffee company’s stock after selling 4,947 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Starbucks were worth $349,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Riggs Asset Managment Co. Inc. raised its position in Starbucks by 1,578.9% in the third quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock worth $29,000 after acquiring an additional 300 shares in the last quarter. Cypress Capital Management LLC WY lifted its stake in Starbucks by 133.1% during the fourth quarter. Cypress Capital Management LLC WY now owns 324 shares of the coffee company’s stock valued at $31,000 after buying an additional 185 shares in the last quarter. Atticus Wealth Management LLC lifted its stake in Starbucks by 153.8% during the fourth quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock valued at $32,000 after buying an additional 200 shares in the last quarter. Evolution Advisers Inc. purchased a new stake in Starbucks during the fourth quarter valued at about $36,000. Finally, Financial Connections Group Inc. purchased a new stake in Starbucks during the fourth quarter valued at about $38,000. 72.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on SBUX shares. Wedbush reduced their price objective on shares of Starbucks from $95.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday. Oppenheimer reaffirmed a “market perform” rating on shares of Starbucks in a research note on Friday, April 19th. Gordon Haskett lowered shares of Starbucks from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a research note on Tuesday, January 16th. BMO Capital Markets reduced their price objective on shares of Starbucks from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $102.00 target price on shares of Starbucks in a report on Wednesday, January 31st. Fourteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $106.55.

Insider Activity

In other news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $85.39, for a total value of $277,517.50. Following the completion of the sale, the chief executive officer now directly owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 7,250 shares of company stock valued at $651,738. 1.98% of the stock is owned by company insiders.

Starbucks Stock Up 0.2 %

SBUX stock traded up $0.16 during midday trading on Tuesday, hitting $88.49. 14,368,134 shares of the company traded hands, compared to its average volume of 8,439,514. Starbucks Co. has a twelve month low of $84.29 and a twelve month high of $115.48. The business has a 50 day simple moving average of $90.27 and a 200-day simple moving average of $94.27. The stock has a market capitalization of $100.19 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 1.48 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, April 30th. The coffee company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.13). Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The company had revenue of $8.56 billion for the quarter, compared to analyst estimates of $9.12 billion. During the same quarter last year, the business earned $0.74 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts forecast that Starbucks Co. will post 3.99 EPS for the current year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders 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 dividend yield of 2.58%. Starbucks’s dividend payout ratio is 60.96%.

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.