Starbucks Co. (NASDAQ:SBUX) Shares Sold by Bristlecone Advisors LLC

Bristlecone Advisors LLC reduced its holdings in Starbucks Co. (NASDAQ:SBUX) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,484 shares of the coffee company’s stock after selling 143 shares during the quarter. Bristlecone Advisors LLC’s holdings in Starbucks were worth $6,888,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Soltis Investment Advisors LLC increased its position in shares of Starbucks by 62.3% in the fourth quarter. Soltis Investment Advisors LLC now owns 13,064 shares of the coffee company’s stock worth $1,192,000 after acquiring an additional 5,017 shares in the last quarter. RAM Investment Partners LLC boosted its holdings in shares of Starbucks by 59.2% during the 4th quarter. RAM Investment Partners LLC now owns 3,319 shares of the coffee company’s stock worth $303,000 after buying an additional 1,234 shares during the period. Angeles Wealth Management LLC grew its position in shares of Starbucks by 11.7% in the fourth quarter. Angeles Wealth Management LLC now owns 3,236 shares of the coffee company’s stock valued at $295,000 after purchasing an additional 338 shares during the last quarter. Martin Capital Advisors LLP grew its holdings in Starbucks by 2.4% in the 4th quarter. Martin Capital Advisors LLP now owns 33,109 shares of the coffee company’s stock valued at $3,021,000 after buying an additional 790 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Starbucks in the fourth quarter worth $354,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Citigroup boosted their target price on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Wedbush raised their price target on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. UBS Group raised their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Barclays increased their price target on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.33.

Starbucks Stock Performance

SBUX stock opened at $112.20 on Monday. The stock has a fifty day moving average of $97.12 and a 200-day moving average of $94.70. The company has a market capitalization of $127.45 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 3.52 and a beta of 1.00. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $112.62.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the previous year, the business earned $0.90 EPS. Equities analysts predict that Starbucks Co. will post 3 EPS for the current year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.61 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.44 annualized dividend and a yield of 2.17%. Starbucks’s dividend payout ratio (DPR) is presently 78.71%.

Insider Activity

In other news, CFO Rachel Ruggeri sold 1,452 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $99.07, for a total value of $143,849.64. Following the sale, the chief financial officer now directly owns 65,648 shares of the company’s stock, valued at $6,503,747.36. The trade was a 2.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.09% 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.