HBW Advisory Services LLC Sells 36,189 Shares of Starbucks Co. (NASDAQ:SBUX)

HBW Advisory Services LLC cut its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 53.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,128 shares of the coffee company's stock after selling 36,189 shares during the period. HBW Advisory Services LLC's holdings in Starbucks were worth $3,053,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of SBUX. Financial Life Planners bought a new position in shares of Starbucks in the fourth quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Starbucks in the fourth quarter valued at $25,000. Graney & King LLC bought a new position in shares of Starbucks in the 4th quarter valued at about $26,000. Collier Financial acquired a new position in shares of Starbucks during the 4th quarter worth about $27,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Starbucks in the 4th quarter valued at about $27,000. 72.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Cowen downgraded shares of Starbucks from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Wall Street Zen lowered Starbucks from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Barclays lowered their price objective on Starbucks from $106.00 to $98.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird reissued a "neutral" rating and issued a $85.00 target price (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Finally, Stifel Nicolaus decreased their price target on shares of 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 given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $97.92.

Starbucks Price Performance

NASDAQ:SBUX traded up $2.65 during trading hours on Friday, hitting $89.64. The company's stock had a trading volume of 8,771,082 shares, compared to its average volume of 11,064,523. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The stock has a fifty day simple moving average of $84.45 and a 200-day simple moving average of $95.19. The company has a market capitalization of $101.87 billion, a P/E ratio of 28.92, a PEG ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). The company had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.90 billion. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The company's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share. On average, equities analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.61 per share. The ex-dividend date was Friday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 2.72%. Starbucks's dividend payout ratio (DPR) is presently 88.41%.

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.