Yousif Capital Management LLC Has $12.26 Million Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Yousif Capital Management LLC reduced its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 5.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 127,665 shares of the coffee company’s stock after selling 6,932 shares during the quarter. Yousif Capital Management LLC’s holdings in Starbucks were worth $12,257,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. increased its stake in shares of Starbucks by 1,578.9% in the third quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock worth $29,000 after purchasing an additional 300 shares during the period. Atticus Wealth Management LLC increased its stake in Starbucks by 153.8% during the fourth quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock valued at $32,000 after acquiring an additional 200 shares during the period. Financial Connections Group Inc. bought a new position in Starbucks during the fourth quarter valued at about $38,000. Tennessee Valley Asset Management Partners bought a new position in Starbucks during the fourth quarter valued at about $38,000. Finally, Fortitude Family Office LLC bought a new position in Starbucks during the fourth quarter valued at about $40,000. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Performance

NASDAQ:SBUX traded up $0.88 during mid-day trading on Wednesday, hitting $88.75. The stock had a trading volume of 7,104,067 shares, compared to its average volume of 8,372,691. Starbucks Co. has a twelve month low of $84.29 and a twelve month high of $115.48. The stock has a market cap of $100.48 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 1.44 and a beta of 0.97. The company’s 50 day simple moving average is $90.68 and its 200 day simple moving average is $94.39.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). The firm had revenue of $9.43 billion during the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $0.75 earnings per share. As a group, equities analysts forecast that Starbucks Co. will post 3.99 earnings per share for the current year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio is presently 60.96%.

Analyst Ratings Changes

Several equities analysts recently issued reports on SBUX shares. JPMorgan Chase & Co. lowered their price target on Starbucks from $107.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 19th. Stifel Nicolaus lowered their price target on Starbucks from $102.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. Royal Bank of Canada restated a “sector perform” rating and set a $102.00 price target on shares of Starbucks in a research note on Wednesday, January 31st. Oppenheimer reaffirmed a “market perform” rating on shares of Starbucks in a report on Friday, April 19th. Finally, Wedbush reissued a “neutral” rating and issued a $95.00 target price on shares of Starbucks in a report on Wednesday, January 31st. Fourteen 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 presently has a consensus rating of “Hold” and an average target price of $106.68.

Insider Transactions at Starbucks

In other news, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $85.39, for a total transaction of $277,517.50. Following the completion of the sale, the chief executive officer now owns 81,199 shares in the company, valued at $6,933,582.61. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 7,000 shares of company stock worth $629,738 over the last quarter. Company insiders own 1.98% of the company’s stock.

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.