Infrastructure Capital Advisors LLC Sells 410 Shares of Starbucks Co. (NASDAQ:SBUX)

Infrastructure Capital Advisors LLC lowered its stake in Starbucks Co. (NASDAQ:SBUX) by 9.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,102 shares of the coffee company’s stock after selling 410 shares during the period. Infrastructure Capital Advisors LLC’s holdings in Starbucks were worth $459,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Public Employees Retirement Association of Colorado boosted its stake in Starbucks by 344.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 923,433 shares of the coffee company’s stock valued at $103,249,000 after buying an additional 715,500 shares in the last quarter. Cable Hill Partners LLC boosted its stake in Starbucks by 6.2% in the second quarter. Cable Hill Partners LLC now owns 9,992 shares of the coffee company’s stock valued at $1,117,000 after buying an additional 582 shares in the last quarter. Epoch Investment Partners Inc. boosted its stake in Starbucks by 1.7% in the second quarter. Epoch Investment Partners Inc. now owns 288,567 shares of the coffee company’s stock valued at $32,265,000 after buying an additional 4,785 shares in the last quarter. Intellectus Partners LLC boosted its stake in Starbucks by 0.9% in the second quarter. Intellectus Partners LLC now owns 20,874 shares of the coffee company’s stock valued at $2,334,000 after buying an additional 182 shares in the last quarter. Finally, Ossiam boosted its stake in Starbucks by 40.1% in the second quarter. Ossiam now owns 40,636 shares of the coffee company’s stock valued at $4,934,000 after buying an additional 11,622 shares in the last quarter. Institutional investors own 68.27% of the company’s stock.

In related news, COO John Culver sold 148,619 shares of Starbucks stock in a transaction that occurred on Friday, August 6th. The stock was sold at an average price of $119.00, for a total transaction of $17,685,661.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Kevin R. Johnson sold 359,177 shares of the business’s stock in a transaction on Thursday, July 29th. The stock was sold at an average price of $122.81, for a total value of $44,110,527.37. The disclosure for this sale can be found here. 0.36% of the stock is owned by insiders.

Shares of NASDAQ SBUX traded up $1.71 during midday trading on Thursday, hitting $112.47. 124,041 shares of the stock traded hands, compared to its average volume of 5,837,142. The company has a market cap of $132.61 billion, a PE ratio of 46.86, a P/E/G ratio of 3.06 and a beta of 0.88. Starbucks Co. has a one year low of $85.45 and a one year high of $126.32. The business has a 50 day moving average price of $114.93 and a two-hundred day moving average price of $114.70.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Monday, July 26th. The coffee company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.23. The firm had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.26 billion. Starbucks had a negative return on equity of 43.16% and a net margin of 10.43%. The company’s quarterly revenue was up 77.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.46) earnings per share. Research analysts predict that Starbucks Co. will post 3.25 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 26th. Investors of record on Friday, November 12th will be given a dividend of $0.49 per share. This is a boost from Starbucks’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, November 10th. This represents a $1.96 annualized dividend and a dividend yield of 1.74%. Starbucks’s payout ratio is presently 153.85%.

Several analysts recently weighed in on the company. Wells Fargo & Company assumed coverage on Starbucks in a research note on Sunday, June 20th. They issued a “buy” rating on the stock. MKM Partners raised their price objective on Starbucks from $125.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, July 28th. Stifel Nicolaus cut their price target on Starbucks from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, September 20th. Jefferies Financial Group lifted their price target on Starbucks from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. Finally, BMO Capital Markets lifted their price target on Starbucks from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, July 28th. Eight analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Starbucks presently has an average rating of “Buy” and an average price target of $127.22.

Starbucks Company Profile

Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: Americas; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA); and Channel Development. The Americas, CAP, EMEA segments sells coffee and other beverages, complementary food, packaged coffees, single-serve coffee products, and a focused selection of merchandise through company-oriented stores, and licensed stores.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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