S.E.E.D. Planning Group LLC Lowers Stake in Starbucks Co. (NASDAQ:SBUX)

S.E.E.D. Planning Group LLC reduced its position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 75.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,566 shares of the coffee company's stock after selling 17,170 shares during the quarter. S.E.E.D. Planning Group LLC's holdings in Starbucks were worth $546,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. TrinityPoint Wealth LLC raised its position in shares of Starbucks by 2.7% during the 4th quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company's stock worth $312,000 after purchasing an additional 89 shares during the last quarter. Pioneer Trust Bank N A OR raised its position in shares of Starbucks by 0.8% during the 4th quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company's stock worth $1,032,000 after purchasing an additional 92 shares during the last quarter. Wintrust Investments LLC raised its position in shares of Starbucks by 7.1% during the 4th quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company's stock worth $128,000 after purchasing an additional 94 shares during the last quarter. Kuhn & Co Investment Counsel raised its position in shares of Starbucks by 2.3% during the 4th quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company's stock worth $387,000 after purchasing an additional 96 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC raised its position in shares of Starbucks by 10.6% during the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 1,014 shares of the coffee company's stock worth $93,000 after purchasing an additional 97 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Stock Down 0.4%

Shares of Starbucks stock traded down $0.37 during mid-day trading on Friday, hitting $83.68. The stock had a trading volume of 7,391,512 shares, compared to its average volume of 11,120,093. The firm has a 50-day moving average of $85.54 and a two-hundred day moving average of $95.58. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $117.46. The firm has a market cap of $95.09 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

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 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 analysts' expectations of $8.90 billion. During the same period last year, the company earned $0.68 EPS. The business's quarterly revenue was up 2.3% on a year-over-year basis. Sell-side analysts expect that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a $0.61 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 2.92%. Starbucks's dividend payout ratio (DPR) is 88.41%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SBUX shares. Robert W. Baird restated a "neutral" rating and set a $85.00 price target (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Jefferies Financial Group upgraded shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price target for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. reduced their price target 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. Guggenheim reduced their price target on shares of Starbucks from $95.00 to $83.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, Barclays reduced their price target 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. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Starbucks has a consensus rating of "Hold" and a consensus price target of $97.92.

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.