Norman Fields Gottscho Capital Management LLC Trims Holdings in Starbucks Co. (NASDAQ:SBUX)

Norman Fields Gottscho Capital Management LLC cut its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 36.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,966 shares of the coffee company's stock after selling 12,385 shares during the period. Starbucks comprises approximately 0.7% of Norman Fields Gottscho Capital Management LLC's portfolio, making the stock its 19th biggest holding. Norman Fields Gottscho Capital Management LLC's holdings in Starbucks were worth $2,155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Marcum Wealth LLC grew its holdings in Starbucks by 8.7% during the first quarter. Marcum Wealth LLC now owns 10,934 shares of the coffee company's stock valued at $1,073,000 after purchasing an additional 875 shares during the period. Neville Rodie & Shaw Inc. bought a new position in Starbucks during the first quarter valued at $218,000. 111 Capital bought a new position in Starbucks during the fourth quarter valued at $1,080,000. American Assets Investment Management LLC grew its holdings in Starbucks by 50.0% during the fourth quarter. American Assets Investment Management LLC now owns 60,000 shares of the coffee company's stock valued at $5,475,000 after purchasing an additional 20,000 shares during the period. Finally, NorthCrest Asset Manangement LLC boosted its holdings in shares of Starbucks by 0.3% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 170,865 shares of the coffee company's stock worth $15,591,000 after acquiring an additional 459 shares during the period. 72.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on SBUX shares. TD Cowen reaffirmed a "hold" rating and issued a $90.00 price target on shares of Starbucks in a report on Thursday. Cowen lowered Starbucks from a "buy" rating to a "hold" rating in a report on Thursday. Robert W. Baird reaffirmed a "neutral" rating and issued a $85.00 price target (down from $114.00) on shares of Starbucks in a report on Monday, April 7th. Royal Bank of Canada lowered Starbucks from an "outperform" rating to a "sector perform" rating in a report on Thursday. Finally, TD Securities reaffirmed a "hold" rating and issued a $90.00 price target on shares of Starbucks in a report on Thursday. Three 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $97.92.

Starbucks Stock Down 0.4%

Shares of SBUX traded down $0.37 during trading hours on Friday, hitting $83.68. The company had a trading volume of 7,391,512 shares, compared to its average volume of 11,126,292. The firm has a market cap of $95.09 billion, a P/E ratio of 26.99, a P/E/G ratio of 3.59 and a beta of 0.99. The stock's 50 day moving average price is $85.54 and its 200 day moving average price is $95.60. 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 released its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.10). The company had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.90 billion. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The firm's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. On average, research analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 2.92%. Starbucks's dividend payout ratio is presently 88.41%.

About Starbucks

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.