Focus Partners Advisor Solutions LLC Sells 5,118 Shares of Starbucks Corporation $SBUX

Key Points

• Focus Partners Advisor Solutions LLC reduced its stake in Starbucks by 37.5%, selling 5,118 shares in the first quarter, bringing its total holdings to 8,526 shares valued at approximately $836,000.
• Starbucks recently reported an EPS of $0.50 for the last quarter, missing analysts' estimates of $0.64, while revenue increased by 3.8% year-over-year to $9.46 billion.
• The company declared a quarterly dividend of $0.61, representing an annualized dividend of $2.44 with a dividend yield of 2.8%, despite a payout ratio exceeding 100%.

Focus Partners Advisor Solutions LLC cut its position in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 37.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,526 shares of the coffee company's stock after selling 5,118 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Starbucks were worth $836,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Napa Wealth Management bought a new position in shares of Starbucks in the first quarter valued at $1,435,000. Vanguard Capital Wealth Advisors bought a new position in Starbucks during the fourth quarter worth $285,000. Czech National Bank boosted its position in Starbucks by 6.2% during the first quarter. Czech National Bank now owns 260,898 shares of the coffee company's stock worth $25,591,000 after purchasing an additional 15,132 shares during the period. Personal CFO Solutions LLC boosted its position in Starbucks by 125.5% during the first quarter. Personal CFO Solutions LLC now owns 9,254 shares of the coffee company's stock worth $908,000 after purchasing an additional 5,151 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in Starbucks during the first quarter worth $998,000. 72.29% of the stock is owned by institutional investors.

Starbucks Price Performance

SBUX stock traded down $1.58 during midday trading on Friday, reaching $85.43. The company had a trading volume of 9,037,892 shares, compared to its average volume of 7,728,275. The company has a market capitalization of $97.11 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 5.09 and a beta of 1.00. The stock has a 50 day moving average price of $91.54 and a 200-day moving average price of $91.83. Starbucks Corporation has a 1-year low of $75.50 and a 1-year high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The coffee company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.14). The company had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.29 billion. Starbucks had a net margin of 7.18% and a negative return on equity of 36.23%. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS. As a group, research analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.44 annualized dividend and a yield of 2.9%. Starbucks's payout ratio is presently 105.17%.

Wall Street Analyst Weigh In

SBUX has been the subject of a number of research analyst reports. Sanford C. Bernstein lifted their price objective on shares of Starbucks from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $95.00 price objective (up from $85.00) on shares of Starbucks in a research report on Thursday, June 12th. Jefferies Financial Group cut shares of Starbucks from a "hold" rating to an "underperform" rating and set a $76.00 price objective for the company. in a research report on Thursday, July 17th. Baird R W raised shares of Starbucks from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 12th. Finally, TD Securities reaffirmed a "hold" rating and set a $90.00 price objective on shares of Starbucks in a research report on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $104.40.

Starbucks Company 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.