First Financial Corp IN Has $363,000 Stake in Starbucks Co. (NASDAQ:SBUX)

First Financial Corp IN lessened its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 63.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,703 shares of the coffee company's stock after selling 6,526 shares during the period. First Financial Corp IN's holdings in Starbucks were worth $363,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital & Planning LLC grew its stake in shares of Starbucks by 40.7% during the fourth quarter. Capital & Planning LLC now owns 12,039 shares of the coffee company's stock valued at $1,099,000 after acquiring an additional 3,483 shares in the last quarter. Brighton Jones LLC boosted its holdings in Starbucks by 86.5% in the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company's stock valued at $16,126,000 after purchasing an additional 81,952 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in Starbucks by 0.9% in the fourth quarter. DAVENPORT & Co LLC now owns 81,377 shares of the coffee company's stock valued at $7,426,000 after purchasing an additional 756 shares during the last quarter. Spire Wealth Management grew its stake in Starbucks by 11.3% during the 4th quarter. Spire Wealth Management now owns 36,091 shares of the coffee company's stock valued at $3,293,000 after purchasing an additional 3,667 shares in the last quarter. Finally, Burford Brothers Inc. increased its holdings in Starbucks by 57.7% during the 4th quarter. Burford Brothers Inc. now owns 7,444 shares of the coffee company's stock worth $679,000 after purchasing an additional 2,724 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. TD Securities restated a "hold" rating and issued a $90.00 price target on shares of Starbucks in a research report on Thursday, May 29th. Robert W. Baird reaffirmed a "neutral" rating and set a $85.00 target price (down from $114.00) on shares of Starbucks in a report on Monday, April 7th. Cowen downgraded Starbucks from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. BMO Capital Markets lowered their price objective on Starbucks from $115.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus cut their target price on Starbucks from $103.00 to $92.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Starbucks has a consensus rating of "Hold" and an average target price of $97.92.

Starbucks Price Performance

Starbucks stock traded up $1.51 during trading hours on Wednesday, hitting $88.11. The company had a trading volume of 8,737,984 shares, compared to its average volume of 11,082,653. The firm has a 50-day moving average of $85.04 and a 200 day moving average of $95.40. The firm has a market cap of $100.13 billion, a PE ratio of 28.42, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The firm had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. During the same quarter last year, the firm earned $0.68 earnings per share. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a $0.61 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.77%. Starbucks's payout ratio is 88.41%.

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.