Sepio Capital LP Sells 6,036 Shares of Starbucks Corporation $SBUX

Key Points

• Sepio Capital LP has reduced its stake in Starbucks Corporation by 11.8%, selling 6,036 shares and holding 45,289 shares worth about $4.44 million.
• Starbucks reported quarterly earnings of $0.50 per share, missing estimates by $0.14, while revenues grew by 3.8% year-over-year to $9.46 billion.
• The company's recent dividend of $0.61 reflects a 2.9% yield, despite a high dividend payout ratio of 105.17%.

Sepio Capital LP trimmed its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 11.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,289 shares of the coffee company's stock after selling 6,036 shares during the period. Sepio Capital LP's holdings in Starbucks were worth $4,442,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SBUX. Napa Wealth Management purchased a new stake in shares of Starbucks during the first quarter valued at approximately $1,435,000. Vanguard Capital Wealth Advisors bought a new stake in Starbucks in the 4th quarter valued at $285,000. Czech National Bank grew its stake in shares of Starbucks by 6.2% in the 1st quarter. Czech National Bank now owns 260,898 shares of the coffee company's stock worth $25,591,000 after buying an additional 15,132 shares in the last quarter. Personal CFO Solutions LLC boosted its stake in shares of Starbucks by 125.5% during the 1st 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, First Manhattan CO. LLC. boosted its stake in shares of Starbucks by 33.1% during the 1st quarter. First Manhattan CO. LLC. now owns 446,294 shares of the coffee company's stock worth $43,777,000 after purchasing an additional 111,015 shares during the period. 72.29% of the stock is owned by institutional investors.

Starbucks Price Performance

NASDAQ:SBUX traded down $0.36 on Tuesday, reaching $83.81. The stock had a trading volume of 8,621,881 shares, compared to its average volume of 7,764,335. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $117.46. The firm's fifty day moving average is $91.17 and its two-hundred day moving average is $91.29. The company has a market cap of $95.27 billion, a price-to-earnings ratio of 36.13, a P/E/G ratio of 5.01 and a beta of 1.00.

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

Starbucks Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently commented on SBUX. Morgan Stanley restated an "overweight" rating and issued a $103.00 price target (up previously from $95.00) on shares of Starbucks in a report on Wednesday, July 30th. The Goldman Sachs Group reissued a "neutral" rating and set a $95.00 price target (up from $85.00) on shares of Starbucks in a report on Thursday, June 12th. Cowen reiterated a "hold" rating on shares of Starbucks in a research report on Tuesday, June 24th. Wall Street Zen cut shares of Starbucks from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $105.00 target price (up previously from $95.00) on shares of Starbucks in a research note on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company 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.