Hyman Charles D Sells 2,654 Shares of Starbucks Co. (NASDAQ:SBUX)

Hyman Charles D decreased its holdings in Starbucks Co. (NASDAQ:SBUX) by 1.4% in the 4th quarter, HoldingsChannel reports. The firm owned 185,932 shares of the coffee company’s stock after selling 2,654 shares during the quarter. Starbucks accounts for approximately 1.1% of Hyman Charles D’s portfolio, making the stock its 28th largest position. Hyman Charles D’s holdings in Starbucks were worth $17,851,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Flossbach Von Storch AG raised its position in shares of Starbucks by 8,677.8% during the fourth quarter. Flossbach Von Storch AG now owns 2,715,405 shares of the coffee company’s stock worth $260,706,000 after acquiring an additional 2,684,470 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of Starbucks by 432.5% during the fourth quarter. Los Angeles Capital Management LLC now owns 2,039,633 shares of the coffee company’s stock worth $195,825,000 after acquiring an additional 1,656,591 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Starbucks during the third quarter worth $147,125,000. Nordea Investment Management AB raised its position in shares of Starbucks by 44.8% during the fourth quarter. Nordea Investment Management AB now owns 5,146,033 shares of the coffee company’s stock worth $493,350,000 after acquiring an additional 1,591,206 shares during the last quarter. Finally, Cerity Partners LLC raised its position in shares of Starbucks by 481.9% during the fourth quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company’s stock worth $148,567,000 after acquiring an additional 1,281,471 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Up 1.4 %

Shares of SBUX stock traded up $1.00 during trading on Wednesday, reaching $73.50. The company’s stock had a trading volume of 24,468,960 shares, compared to its average volume of 9,881,239. The business has a fifty day moving average price of $88.03 and a 200-day moving average price of $93.53. The company has a market cap of $83.25 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.58 and a beta of 0.97. Starbucks Co. has a one year low of $71.80 and a one year high of $108.11.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, April 30th. The coffee company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The business had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $9.12 billion. Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 EPS. Research analysts anticipate that Starbucks Co. will post 3.63 EPS for the current year.

Starbucks Announces Dividend

The firm also recently disclosed 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. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio is presently 62.81%.

Insider Transactions at Starbucks

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $85.39, for a total transaction of $277,517.50. Following the sale, the chief executive officer now directly owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 7,250 shares of company stock valued at $651,738 over the last 90 days. 1.98% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SBUX shares. BTIG Research dropped their target price on Starbucks from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Jefferies Financial Group decreased their price objective on Starbucks from $94.00 to $84.00 and set a “hold” rating for the company in a research note on Wednesday, May 1st. Oppenheimer reaffirmed a “market perform” rating on shares of Starbucks in a research note on Friday, April 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $102.00 price objective on shares of Starbucks in a research note on Wednesday, January 31st. Finally, TD Cowen decreased their price objective on Starbucks from $100.00 to $85.00 and set a “hold” rating for the company in a research note on Wednesday, May 1st. Seventeen analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Starbucks presently has a consensus rating of “Hold” and an average price target of $96.43.

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.