DekaBank Deutsche Girozentrale cut its position in shares of Starbucks Co. (NASDAQ:SBUX) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 292,182 shares of the coffee company’s stock after selling 3,759 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Starbucks were worth $30,997,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. JNB Advisors LLC increased its stake in Starbucks by 1.9% during the fourth quarter. JNB Advisors LLC now owns 5,093 shares of the coffee company’s stock worth $545,000 after acquiring an additional 96 shares during the last quarter. Resource Management LLC grew its stake in shares of Starbucks by 1.8% in the fourth quarter. Resource Management LLC now owns 5,660 shares of the coffee company’s stock valued at $605,000 after buying an additional 98 shares in the last quarter. Total Clarity Wealth Management Inc. grew its stake in shares of Starbucks by 0.7% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 13,764 shares of the coffee company’s stock valued at $1,472,000 after buying an additional 100 shares in the last quarter. Clean Yield Group grew its stake in shares of Starbucks by 12.2% in the fourth quarter. Clean Yield Group now owns 918 shares of the coffee company’s stock valued at $98,000 after buying an additional 100 shares in the last quarter. Finally, Harvey Capital Management Inc. grew its stake in shares of Starbucks by 0.6% in the fourth quarter. Harvey Capital Management Inc. now owns 16,100 shares of the coffee company’s stock valued at $1,722,000 after buying an additional 100 shares in the last quarter. Institutional investors own 67.27% of the company’s stock.

Shares of Starbucks stock opened at $113.19 on Thursday. The business’s fifty day moving average price is $107.10 and its two-hundred day moving average price is $99.66. The company has a market capitalization of $133.26 billion, a P/E ratio of 147.00, a PEG ratio of 2.67 and a beta of 0.82. Starbucks Co. has a 1-year low of $68.54 and a 1-year high of $113.82.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Monday, January 25th. The coffee company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.06. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.92 billion. Starbucks had a negative return on equity of 18.07% and a net margin of 3.95%. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 EPS. Equities research analysts predict that Starbucks Co. will post 2.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 28th. Shareholders of record on Thursday, May 13th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.59%. The ex-dividend date is Wednesday, May 12th. Starbucks’s payout ratio is currently 153.85%.

A number of research firms have recently issued reports on SBUX. Morgan Stanley increased their target price on Starbucks from $106.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 27th. Cowen raised their price objective on Starbucks from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, March 18th. Piper Sandler raised their price objective on Starbucks from $100.00 to $104.00 in a research note on Wednesday, January 27th. Atlantic Securities began coverage on Starbucks in a research note on Tuesday. They set an “overweight” rating and a $128.00 price objective for the company. Finally, BTIG Research upgraded Starbucks from a “neutral” rating to a “buy” rating and set a $130.00 price objective for the company in a research note on Monday, March 22nd. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $107.22.

In other news, EVP Rachel A. Gonzalez sold 82,894 shares of Starbucks stock in a transaction on Monday, March 29th. The stock was sold at an average price of $109.50, for a total transaction of $9,076,893.00. Following the transaction, the executive vice president now directly owns 78,905 shares in the company, valued at approximately $8,640,097.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Kevin R. Johnson sold 170,000 shares of Starbucks stock in a transaction on Monday, April 5th. The shares were sold at an average price of $111.07, for a total value of $18,881,900.00. Following the transaction, the chief executive officer now owns 515,934 shares in the company, valued at $57,304,789.38. The disclosure for this sale can be found here. Insiders have sold a total of 406,184 shares of company stock worth $44,685,798 in the last ninety days. 0.41% of the stock is owned by company insiders.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: Americas, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, and iced tea; and various food products, such as pastries, breakfast sandwiches, and lunch items.

Further Reading: What is the downside to momentum investing?

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Co. (NASDAQ:SBUX).

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.