Starbucks Corporation $SBUX Shares Sold by Zuckerman Investment Group LLC

Key Points

• Zuckerman Investment Group LLC decreased its holdings in Starbucks Corporation by 2.9%, selling 3,364 shares during the first quarter, leaving it with 110,706 shares valued at approximately $10.86 million.
• Starbucks reported earnings per share of $0.50 for the last quarter, missing the consensus estimate by $0.14, though revenue grew 3.8% year-over-year to $9.46 billion.
• The company declared a quarterly dividend of $0.61 per share, with a dividend yield of 2.8% and a payout ratio of 105.17%.

Zuckerman Investment Group LLC lessened its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 2.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 110,706 shares of the coffee company's stock after selling 3,364 shares during the period. Zuckerman Investment Group LLC's holdings in Starbucks were worth $10,859,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $25,000. Hughes Financial Services LLC purchased a new stake in Starbucks during the first quarter worth $27,000. McClarren Financial Advisors Inc. purchased a new stake in Starbucks during the first quarter worth $29,000. Kapitalo Investimentos Ltda purchased a new stake in Starbucks during the fourth quarter worth $32,000. Finally, Ball & Co Wealth Management Inc. acquired a new stake in shares of Starbucks during the fourth quarter valued at $41,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on SBUX. TD Cowen increased their target price on Starbucks from $90.00 to $95.00 and gave the stock a "hold" rating in a research report on Wednesday, July 30th. Baird R W upgraded Starbucks from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 12th. Stifel Nicolaus raised their target price on Starbucks from $92.00 to $105.00 and gave the company a "buy" rating in a report on Friday, July 11th. TD Securities restated a "hold" rating and set a $90.00 price objective on shares of Starbucks in a report on Monday, June 23rd. Finally, Wall Street Zen lowered Starbucks from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $104.40.

Starbucks Price Performance

Shares of SBUX stock opened at $85.81 on Tuesday. The firm has a market cap of $97.54 billion, a P/E ratio of 36.99, a PEG ratio of 5.25 and a beta of 1.02. The stock's 50-day moving average is $92.34 and its two-hundred day moving average is $93.10. Starbucks Corporation has a fifty-two week low of $75.50 and a fifty-two week high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Tuesday, July 29th. The coffee company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.14). Starbucks had a net margin of 7.18% and a negative return on equity of 36.23%. The business had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.29 billion. During the same quarter in the previous year, the company earned $0.93 EPS. Starbucks's revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, research analysts expect that Starbucks Corporation will post 2.99 EPS for the current year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 15th. Starbucks's dividend payout ratio (DPR) is currently 105.17%.

Starbucks 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.

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