RPg Family Wealth Advisory LLC Sells 51,574 Shares of Starbucks Co. (NASDAQ:SBUX)

RPg Family Wealth Advisory LLC trimmed its holdings in Starbucks Co. (NASDAQ:SBUXGet Rating) by 93.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,626 shares of the coffee company’s stock after selling 51,574 shares during the quarter. RPg Family Wealth Advisory LLC’s holdings in Starbucks were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Zhang Financial LLC raised its stake in shares of Starbucks by 1.7% in the fourth quarter. Zhang Financial LLC now owns 6,404 shares of the coffee company’s stock valued at $749,000 after purchasing an additional 106 shares in the last quarter. Bell Investment Advisors Inc raised its stake in shares of Starbucks by 49.4% in the fourth quarter. Bell Investment Advisors Inc now owns 345 shares of the coffee company’s stock valued at $40,000 after purchasing an additional 114 shares in the last quarter. Mather Group LLC. raised its stake in shares of Starbucks by 3.0% in the fourth quarter. Mather Group LLC. now owns 3,895 shares of the coffee company’s stock valued at $456,000 after purchasing an additional 114 shares in the last quarter. Means Investment CO. Inc. raised its stake in shares of Starbucks by 0.4% in the fourth quarter. Means Investment CO. Inc. now owns 31,819 shares of the coffee company’s stock valued at $3,722,000 after purchasing an additional 118 shares in the last quarter. Finally, Rational Advisors LLC raised its stake in shares of Starbucks by 141.4% in the fourth quarter. Rational Advisors LLC now owns 210 shares of the coffee company’s stock valued at $25,000 after purchasing an additional 123 shares in the last quarter. 69.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Starbucks

In related news, CEO Howard D. Schultz acquired 72,500 shares of the stock in a transaction dated Thursday, May 12th. The stock was bought at an average price of $68.85 per share, with a total value of $4,991,625.00. Following the completion of the transaction, the chief executive officer now directly owns 19,606,960 shares of the company’s stock, valued at $1,349,939,196. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Howard D. Schultz acquired 137,500 shares of the stock in a transaction dated Tuesday, May 10th. The stock was bought at an average price of $72.67 per share, with a total value of $9,992,125.00. Following the completion of the transaction, the chief executive officer now directly owns 19,534,460 shares of the company’s stock, valued at $1,419,569,208.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Howard D. Schultz bought 72,500 shares of Starbucks stock in a transaction that occurred on Thursday, May 12th. The shares were acquired at an average price of $68.85 per share, with a total value of $4,991,625.00. Following the acquisition, the chief executive officer now directly owns 19,606,960 shares of the company’s stock, valued at approximately $1,349,939,196. The disclosure for this purchase can be found here. 0.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SBUX shares. Credit Suisse Group cut their target price on Starbucks from $122.00 to $103.00 in a research note on Wednesday, May 4th. BTIG Research dropped their price objective on Starbucks from $130.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, April 20th. Barclays increased their price objective on Starbucks from $94.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday. BMO Capital Markets dropped their price objective on Starbucks from $115.00 to $105.00 in a research note on Wednesday, May 4th. Finally, UBS Group increased their price objective on Starbucks from $82.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $102.92.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $85.73 on Friday. Starbucks Co. has a 52 week low of $68.39 and a 52 week high of $120.76. The company has a market capitalization of $98.37 billion, a PE ratio of 24.15, a PEG ratio of 2.70 and a beta of 0.95. The company has a 50 day moving average price of $78.88 and a two-hundred day moving average price of $83.14.

Starbucks (NASDAQ:SBUXGet Rating) last issued its earnings results on Tuesday, August 2nd. The coffee company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.77 by $0.07. Starbucks had a net margin of 13.03% and a negative return on equity of 47.28%. During the same period in the prior year, the firm earned $1.01 earnings per share. On average, sell-side analysts forecast that Starbucks Co. will post 2.89 earnings per share for the current year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Thursday, August 11th. Starbucks’s payout ratio is presently 55.21%.

About Starbucks

(Get Rating)

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty 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.

Featured Stories

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:SBUXGet Rating).

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.