Starbucks Co. (NASDAQ:SBUX) Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB decreased its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 11.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,410 shares of the coffee company's stock after selling 6,982 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Starbucks were worth $5,141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital & Planning LLC increased its holdings in shares of Starbucks by 40.7% in the 4th quarter. Capital & Planning LLC now owns 12,039 shares of the coffee company's stock worth $1,099,000 after buying an additional 3,483 shares during the last quarter. Brighton Jones LLC boosted its stake in shares of Starbucks by 86.5% during the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company's stock worth $16,126,000 after purchasing an additional 81,952 shares during the period. Mayflower Financial Advisors LLC boosted its stake in shares of Starbucks by 26.4% during the 4th quarter. Mayflower Financial Advisors LLC now owns 2,828 shares of the coffee company's stock worth $258,000 after purchasing an additional 590 shares during the period. R Squared Ltd purchased a new position in shares of Starbucks during the 4th quarter worth about $172,000. Finally, Hantz Financial Services Inc. boosted its stake in shares of Starbucks by 5.0% during the 4th quarter. Hantz Financial Services Inc. now owns 79,927 shares of the coffee company's stock worth $7,293,000 after purchasing an additional 3,791 shares during the period. Institutional investors own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SBUX. Barclays lowered their price objective on shares of Starbucks from $106.00 to $98.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Wall Street Zen cut shares of Starbucks from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. lowered their price objective on shares of Starbucks from $105.00 to $100.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. UBS Group lowered their price objective on shares of Starbucks from $105.00 to $90.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, TD Securities reissued a "hold" rating and issued a $90.00 price objective on shares of Starbucks in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Starbucks currently has an average rating of "Hold" and a consensus price target of $97.92.

Starbucks Trading Down 0.4%

Shares of NASDAQ SBUX traded down $0.37 during mid-day trading on Friday, reaching $83.68. The company had a trading volume of 7,391,512 shares, compared to its average volume of 11,120,093. The firm has a 50 day simple moving average of $85.54 and a two-hundred day simple moving average of $95.60. The stock has a market cap of $95.09 billion, a P/E ratio of 26.99, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data 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 negative return on equity of 44.97% and a net margin of 9.73%. The business had revenue of $8.76 billion for the quarter, compared to analysts' expectations of $8.90 billion. During the same period in the previous year, the business posted $0.68 earnings per share. The company's revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts expect that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.92%. The ex-dividend date was Friday, May 16th. Starbucks's payout ratio is currently 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.