Private Advisor Group LLC Cuts Holdings in Starbucks Co. (SBUX)

Private Advisor Group LLC decreased its position in Starbucks Co. (NASDAQ:SBUX) by 17.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 56,614 shares of the coffee company’s stock after selling 11,618 shares during the period. Private Advisor Group LLC’s holdings in Starbucks were worth $3,645,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBUX. Opes Advisors Inc acquired a new position in shares of Starbucks during the 4th quarter worth approximately $207,000. Autus Asset Management LLC acquired a new position in shares of Starbucks during the 4th quarter worth approximately $216,000. Linscomb & Williams Inc. increased its position in shares of Starbucks by 10.5% during the 4th quarter. Linscomb & Williams Inc. now owns 7,375 shares of the coffee company’s stock worth $475,000 after purchasing an additional 699 shares during the last quarter. ETRADE Capital Management LLC increased its position in shares of Starbucks by 93.1% during the 4th quarter. ETRADE Capital Management LLC now owns 26,620 shares of the coffee company’s stock worth $1,714,000 after purchasing an additional 12,832 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its position in shares of Starbucks by 84.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 19,589 shares of the coffee company’s stock worth $1,262,000 after purchasing an additional 8,990 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

SBUX stock opened at $70.74 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.16 and a debt-to-equity ratio of 7.73. The company has a market cap of $87.11 billion, a P/E ratio of 29.23, a price-to-earnings-growth ratio of 2.01 and a beta of 0.50. Starbucks Co. has a 1-year low of $47.37 and a 1-year high of $72.18.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Thursday, January 24th. The coffee company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.49 billion. Starbucks had a return on equity of 193.00% and a net margin of 11.98%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 EPS. Equities analysts forecast that Starbucks Co. will post 2.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Shareholders of record on Thursday, February 7th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Wednesday, February 6th. Starbucks’s dividend payout ratio is 59.50%.

In other Starbucks news, EVP Vivek C. Varma sold 73,242 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $68.36, for a total value of $5,006,823.12. Following the transaction, the executive vice president now directly owns 140,882 shares of the company’s stock, valued at approximately $9,630,693.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Vivek C. Varma sold 70,364 shares of the company’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $70.05, for a total value of $4,928,998.20. Following the completion of the transaction, the executive vice president now directly owns 138,004 shares in the company, valued at $9,667,180.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 565,806 shares of company stock worth $38,789,988. Insiders own 3.98% of the company’s stock.

Several research analysts have weighed in on the company. BidaskClub lowered Starbucks from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research raised Starbucks from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Monday, January 28th. Bank of America set a $75.00 price target on Starbucks and gave the stock a “buy” rating in a research report on Friday, January 25th. CIBC boosted their price target on Starbucks from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, January 25th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $72.00 price target (up previously from $70.00) on shares of Starbucks in a research report on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $67.01.

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Starbucks Profile

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 beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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