Livforsakringsbolaget Skandia Omsesidigt reduced its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 21.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,842 shares of the coffee company’s stock after selling 5,900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Starbucks were worth $1,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Vista LLC lifted its position in Starbucks by 3,334.9% in the second quarter. Private Vista LLC now owns 219,699 shares of the coffee company’s stock worth $160,000 after buying an additional 213,303 shares during the last quarter. Wayne Hummer Investments L.L.C. lifted its position in Starbucks by 8.8% in the second quarter. Wayne Hummer Investments L.L.C. now owns 9,280 shares of the coffee company’s stock worth $541,000 after buying an additional 753 shares during the last quarter. iAB Financial Bank lifted its position in Starbucks by 44.8% in the second quarter. iAB Financial Bank now owns 18,497 shares of the coffee company’s stock worth $1,079,000 after buying an additional 5,722 shares during the last quarter. Boston Private Wealth LLC lifted its position in Starbucks by 0.3% in the second quarter. Boston Private Wealth LLC now owns 375,867 shares of the coffee company’s stock worth $21,916,000 after buying an additional 1,012 shares during the last quarter. Finally, Cadence Capital Management LLC lifted its position in Starbucks by 1.0% in the second quarter. Cadence Capital Management LLC now owns 36,168 shares of the coffee company’s stock worth $2,109,000 after buying an additional 365 shares during the last quarter. 72.74% of the stock is owned by institutional investors and hedge funds.
Starbucks Co. (NASDAQ:SBUX) opened at $57.03 on Wednesday. Starbucks Co. has a twelve month low of $52.58 and a twelve month high of $64.87. The stock has a market capitalization of $80,160.00, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 1.58 and a beta of 0.67. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.01 and a quick ratio of 0.81.
Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. The company had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $6.19 billion. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. Starbucks’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. equities research analysts predict that Starbucks Co. will post 2.49 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Wednesday, February 7th. Starbucks’s dividend payout ratio (DPR) is presently 38.34%.
In related news, Director Joshua Cooper Ramo sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $59.43, for a total transaction of $3,565,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Clifford Burrows sold 162,826 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $57.02, for a total value of $9,284,338.52. Following the sale, the insider now owns 331,829 shares of the company’s stock, valued at $18,920,889.58. The disclosure for this sale can be found here. Insiders have sold 247,826 shares of company stock valued at $14,213,139 over the last quarter. 3.48% of the stock is owned by company insiders.
SBUX has been the subject of several research analyst reports. Morgan Stanley lifted their target price on Starbucks from $62.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, November 10th. Vetr downgraded Starbucks from a “strong-buy” rating to a “buy” rating and set a $64.32 target price for the company. in a research report on Monday, November 13th. UBS Group set a $64.00 price target on Starbucks and gave the company a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research lowered Starbucks from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, Tigress Financial assumed coverage on Starbucks in a research note on Wednesday, December 27th. They set a “buy” rating on the stock. Twelve investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Starbucks currently has an average rating of “Buy” and an average price target of $64.63.
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.