FourThought Financial Partners LLC Has $537,000 Stake in Starbucks Co. (NASDAQ:SBUX)

FourThought Financial Partners LLC cut its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,596 shares of the coffee company’s stock after selling 433 shares during the quarter. FourThought Financial Partners LLC’s holdings in Starbucks were worth $537,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. TCG Advisory Services LLC boosted its stake in shares of Starbucks by 200.8% in the 4th quarter. TCG Advisory Services LLC now owns 13,146 shares of the coffee company’s stock valued at $1,262,000 after purchasing an additional 8,775 shares during the last quarter. Forte Capital LLC ADV grew its holdings in Starbucks by 21.4% during the 4th quarter. Forte Capital LLC ADV now owns 7,843 shares of the coffee company’s stock worth $753,000 after acquiring an additional 1,381 shares during the period. First National Trust Co raised its position in shares of Starbucks by 2.2% in the 4th quarter. First National Trust Co now owns 5,033 shares of the coffee company’s stock worth $483,000 after acquiring an additional 106 shares in the last quarter. AJOVista LLC acquired a new position in shares of Starbucks in the 4th quarter valued at about $152,000. Finally, Blue Fin Capital Inc. bought a new stake in shares of Starbucks during the 4th quarter valued at about $202,000. Institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Stephens reissued an “equal weight” rating and issued a $110.00 price target on shares of Starbucks in a research note on Wednesday, January 31st. Evercore ISI reduced their price target on shares of Starbucks from $120.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday. Barclays dropped their price objective on shares of Starbucks from $116.00 to $112.00 and set an “overweight” rating on the stock in a report on Wednesday, January 31st. Robert W. Baird reduced their target price on Starbucks from $106.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. Finally, Gordon Haskett cut 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. Seventeen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $97.09.

Starbucks Trading Down 2.4 %

Shares of SBUX stock traded down $1.82 during midday trading on Friday, reaching $73.11. 22,153,770 shares of the stock were exchanged, compared to its average volume of 12,042,146. Starbucks Co. has a 1 year low of $72.67 and a 1 year high of $108.12. The firm has a market cap of $82.81 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 1.36 and a beta of 0.97. The company’s 50 day moving average is $88.89 and its two-hundred day moving average is $93.84.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, April 30th. The coffee company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.11). The firm had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $9.12 billion. Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS. As a group, equities analysts expect that Starbucks Co. will post 3.63 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s payout ratio is 62.81%.

Insiders Place Their Bets

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

About Starbucks

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.