Bradley & Co. Private Wealth Management LLC Sells 1,241 Shares of Starbucks Co. (NASDAQ:SBUX)

Bradley & Co. Private Wealth Management LLC lowered its position in Starbucks Co. (NASDAQ:SBUX) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,130 shares of the coffee company’s stock after selling 1,241 shares during the quarter. Starbucks comprises approximately 1.3% of Bradley & Co. Private Wealth Management LLC’s portfolio, making the stock its 15th largest holding. Bradley & Co. Private Wealth Management LLC’s holdings in Starbucks were worth $1,453,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SBUX. New Jersey Better Educational Savings Trust purchased a new stake in Starbucks in the fourth quarter valued at approximately $203,000. Van Cleef Asset Management Inc increased its holdings in shares of Starbucks by 48.8% in the 4th quarter. Van Cleef Asset Management Inc now owns 15,470 shares of the coffee company’s stock worth $1,485,000 after buying an additional 5,075 shares during the last quarter. Syon Capital LLC raised its position in shares of Starbucks by 25.8% during the 4th quarter. Syon Capital LLC now owns 10,503 shares of the coffee company’s stock valued at $1,008,000 after buying an additional 2,156 shares in the last quarter. Lyell Wealth Management LP lifted its holdings in shares of Starbucks by 2.3% during the 4th quarter. Lyell Wealth Management LP now owns 57,529 shares of the coffee company’s stock worth $5,523,000 after acquiring an additional 1,267 shares during the last quarter. Finally, Community Bank N.A. grew its position in Starbucks by 12.0% in the fourth quarter. Community Bank N.A. now owns 12,705 shares of the coffee company’s stock worth $1,220,000 after acquiring an additional 1,365 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on SBUX. Wedbush reaffirmed a “neutral” rating and set a $95.00 price target on shares of Starbucks in a research note on Wednesday, January 31st. Piper Sandler cut their target price on Starbucks from $107.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, January 19th. Jefferies Financial Group decreased their price target on shares of Starbucks from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Tuesday, April 16th. Guggenheim cut their price objective on shares of Starbucks from $100.00 to $91.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Finally, Stephens restated an “equal weight” rating and set a $110.00 price target on shares of Starbucks in a research report on Wednesday, January 31st. Fourteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $106.68.

Starbucks Trading Down 1.0 %

SBUX traded down $0.91 during trading on Thursday, reaching $87.84. The stock had a trading volume of 6,824,753 shares, compared to its average volume of 8,392,070. Starbucks Co. has a one year low of $84.29 and a one year high of $115.48. The company has a market capitalization of $99.45 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 1.48 and a beta of 0.97. The stock’s 50 day moving average is $90.46 and its two-hundred day moving average is $94.30.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The business had revenue of $9.43 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter in the previous year, the business earned $0.75 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts predict that Starbucks Co. will post 3.99 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a $0.57 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.60%. Starbucks’s dividend payout ratio is currently 60.96%.

Insider Buying and Selling

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks 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 owns 81,199 shares in the company, valued at $6,933,582.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 7,250 shares of company stock worth $651,738 in the last 90 days. Insiders own 1.98% of the company’s stock.

Starbucks Profile

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.