Shufro Rose & Co. LLC Sells 3,109 Shares of Starbucks Co. (NASDAQ:SBUX)

Shufro Rose & Co. LLC lowered its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 52.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,835 shares of the coffee company's stock after selling 3,109 shares during the quarter. Shufro Rose & Co. LLC's holdings in Starbucks were worth $259,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Financial Life Planners bought a new stake in Starbucks in the 4th quarter valued at $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Starbucks in the fourth quarter valued at about $25,000. Graney & King LLC acquired a new stake in shares of Starbucks during the 4th quarter worth about $26,000. Collier Financial acquired a new stake 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 during the 4th quarter worth about $27,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Trading Down 0.4%

Starbucks stock 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 business has a fifty day simple moving average of $85.54 and a 200 day simple moving average of $95.58. The company 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. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two 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 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.10). The firm had revenue of $8.76 billion for 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 was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $0.68 EPS. Research analysts forecast that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a dividend of $0.61 per share. The ex-dividend date was Friday, May 16th. This represents a $2.44 annualized dividend and a yield of 2.92%. Starbucks's dividend payout ratio is presently 88.41%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Starbucks from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Baird R W cut Starbucks from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. TD Securities restated a "hold" rating and issued a $90.00 price target on shares of Starbucks in a research note on Thursday. BMO Capital Markets lowered their price objective on Starbucks from $115.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. reduced their target price 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. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.