American Financial Advisors LLC Has $372,000 Holdings in Starbucks Co. (NASDAQ:SBUX)

American Financial Advisors LLC lessened its position in Starbucks Co. (NASDAQ:SBUX) by 4.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,872 shares of the coffee company’s stock after selling 176 shares during the period. American Financial Advisors LLC’s holdings in Starbucks were worth $372,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SBUX. Willow Creek Wealth Management Inc. boosted its position in shares of Starbucks by 3.0% during the third quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company’s stock valued at $302,000 after buying an additional 97 shares during the last quarter. Valley Brook Capital Group Inc. raised its stake in shares of Starbucks by 2.4% in the third quarter. Valley Brook Capital Group Inc. now owns 4,200 shares of the coffee company’s stock valued at $383,000 after buying an additional 100 shares during the period. Charles Schwab Investment Advisory Inc. raised its stake in shares of Starbucks by 4.6% in the third quarter. Charles Schwab Investment Advisory Inc. now owns 2,260 shares of the coffee company’s stock valued at $206,000 after buying an additional 100 shares during the period. Herold Advisors Inc. raised its stake in shares of Starbucks by 4.3% in the third quarter. Herold Advisors Inc. now owns 2,422 shares of the coffee company’s stock valued at $221,000 after buying an additional 100 shares during the period. Finally, Rodgers Brothers Inc. grew its position in shares of Starbucks by 1.2% in the third quarter. Rodgers Brothers Inc. now owns 8,269 shares of the coffee company’s stock valued at $755,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SBUX shares. Oppenheimer reiterated a “market perform” rating on shares of Starbucks in a research report on Friday. Guggenheim reduced their price target on Starbucks from $100.00 to $91.00 and set a “buy” rating for the company in a research report on Friday. Morgan Stanley reduced their target price on Starbucks from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. BTIG Research reduced their target price on Starbucks from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. Finally, Citigroup reduced their target price on Starbucks from $102.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Fourteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $106.68.

Starbucks Stock Performance

Shares of Starbucks stock traded up $0.46 during midday trading on Friday, hitting $87.61. The company had a trading volume of 11,898,220 shares, compared to its average volume of 8,456,940. The stock has a market capitalization of $99.19 billion, a P/E ratio of 23.38, a P/E/G ratio of 1.39 and a beta of 0.97. The company has a 50 day moving average of $91.14 and a 200 day moving average of $94.42. Starbucks Co. has a 52-week low of $84.29 and a 52-week high of $115.48.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The business had revenue of $9.43 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter in the prior year, the business posted $0.75 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts forecast that Starbucks Co. will post 4.03 EPS for the current year.

Starbucks Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Thursday, May 16th. This represents a $2.28 annualized dividend and a yield of 2.60%. Starbucks’s dividend payout ratio is 60.96%.

Insider Buying and Selling at Starbucks

In related news, insider Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $94.03, for a total value of $305,597.50. Following the transaction, the insider now directly owns 84,153 shares of the company’s stock, valued at approximately $7,912,906.59. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders have sold 7,250 shares of company stock worth $653,183. Insiders own 1.98% of the company’s stock.

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.