Wealthcare Advisory Partners LLC Reduces Stock Position in Starbucks Co. (NASDAQ:SBUX)

Wealthcare Advisory Partners LLC trimmed its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,163 shares of the coffee company’s stock after selling 444 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Starbucks were worth $784,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Willow Creek Wealth Management Inc. raised its position in Starbucks by 3.0% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company’s stock worth $302,000 after purchasing an additional 97 shares during the period. Valley Brook Capital Group Inc. lifted its stake in shares of Starbucks by 2.4% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 4,200 shares of the coffee company’s stock worth $383,000 after acquiring an additional 100 shares during the last quarter. Charles Schwab Investment Advisory Inc. boosted its holdings in Starbucks by 4.6% during the 3rd quarter. Charles Schwab Investment Advisory Inc. now owns 2,260 shares of the coffee company’s stock valued at $206,000 after acquiring an additional 100 shares during the period. Herold Advisors Inc. boosted its holdings in Starbucks by 4.3% during the 3rd quarter. Herold Advisors Inc. now owns 2,422 shares of the coffee company’s stock valued at $221,000 after acquiring an additional 100 shares during the period. Finally, Rodgers Brothers Inc. grew its position in Starbucks by 1.2% in the 3rd quarter. Rodgers Brothers Inc. now owns 8,269 shares of the coffee company’s stock valued at $755,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Insider Buying and Selling at Starbucks

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction that occurred on Monday, April 15th. The shares were 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 directly owns 81,199 shares in the company, valued at approximately $6,933,582.61. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 7,250 shares of company stock worth $651,738. 1.98% of the stock is currently owned by insiders.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $73.50 on Thursday. Starbucks Co. has a fifty-two week low of $71.80 and a fifty-two week high of $108.11. The company has a market cap of $83.25 billion, a PE ratio of 20.25, a P/E/G ratio of 1.58 and a beta of 0.97. The business has a 50-day simple moving average of $88.03 and a two-hundred day simple moving average of $93.53.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.11). The company had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $9.12 billion. Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 EPS. On average, sell-side analysts predict that Starbucks Co. will post 3.63 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $0.57 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a yield of 3.10%. Starbucks’s dividend payout ratio is currently 62.81%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SBUX. JPMorgan Chase & Co. lowered their target price on shares of Starbucks from $100.00 to $92.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Oppenheimer restated a “market perform” rating on shares of Starbucks in a research note on Friday, April 19th. William Blair lowered shares of Starbucks from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 1st. DZ Bank lowered Starbucks from a “buy” rating to a “hold” rating and set a $75.00 price target for the company. in a report on Friday, May 3rd. Finally, Wedbush reduced their price objective on Starbucks from $95.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. Seventeen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Starbucks currently has a consensus rating of “Hold” and an average target price of $96.43.

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.