Threadgill Financial LLC Sells 200 Shares of Starbucks Co. (NASDAQ:SBUX)

Threadgill Financial LLC cut its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,464 shares of the coffee company’s stock after selling 200 shares during the quarter. Starbucks makes up about 1.8% of Threadgill Financial LLC’s investment portfolio, making the stock its 20th biggest position. Threadgill Financial LLC’s holdings in Starbucks were worth $2,733,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. BCK Partners Inc. purchased a new position in shares of Starbucks during the first quarter valued at approximately $2,640,000. American Century Companies Inc. boosted its holdings in shares of Starbucks by 7.3% in the first quarter. American Century Companies Inc. now owns 27,634 shares of the coffee company’s stock valued at $2,514,000 after purchasing an additional 1,872 shares during the period. Roundview Capital LLC boosted its holdings in shares of Starbucks by 37.5% in the first quarter. Roundview Capital LLC now owns 7,152 shares of the coffee company’s stock valued at $651,000 after purchasing an additional 1,952 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Starbucks in the first quarter valued at approximately $198,000. Finally, Mather Group LLC. boosted its holdings in shares of Starbucks by 77.5% in the first quarter. Mather Group LLC. now owns 6,912 shares of the coffee company’s stock valued at $629,000 after purchasing an additional 3,017 shares during the period. 72.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SBUX shares. StockNews.com downgraded shares of Starbucks from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. HSBC began coverage on Starbucks in a research report on Wednesday, December 20th. They issued a “hold” rating and a $107.00 target price on the stock. Citigroup cut their target price on Starbucks from $103.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. BTIG Research cut their target price on Starbucks from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Finally, Wedbush reaffirmed a “neutral” rating and issued a $95.00 price target on shares of Starbucks in a report on Wednesday, January 31st. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $110.05.

Starbucks Price Performance

SBUX stock opened at $91.50 on Thursday. Starbucks Co. has a 12 month low of $89.21 and a 12 month high of $115.48. The company’s 50 day simple moving average is $93.05 and its 200-day simple moving average is $95.19. The firm has a market capitalization of $103.60 billion, a PE ratio of 24.47, a P/E/G ratio of 1.44 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The company had revenue of $9.43 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS. As a group, sell-side analysts anticipate that Starbucks Co. will post 4.06 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio is presently 60.96%.

Insider Activity

In related news, insider Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the completion of the sale, the insider now directly owns 84,153 shares of the company’s stock, valued at approximately $7,912,906.59. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 4,000 shares of company stock valued at $375,665. Company insiders own 1.98% 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.