United Advisor Group LLC Has $548,000 Stock Position in Starbucks Co. (NASDAQ:SBUX)

United Advisor Group LLC lowered its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 42.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,005 shares of the coffee company's stock after selling 4,393 shares during the period. United Advisor Group LLC's holdings in Starbucks were worth $548,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Starbucks in the 4th quarter worth $25,000. Financial Life Planners bought a new stake in shares of Starbucks in the 4th quarter worth $25,000. Graney & King LLC bought a new stake in shares of Starbucks in the 4th quarter worth $26,000. Collier Financial bought a new stake in shares of Starbucks in the 4th quarter worth $27,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Starbucks in the 4th quarter worth $27,000. Institutional investors own 72.29% of the company's stock.

Starbucks Trading Down 1.2%

Starbucks stock traded down $1.01 during trading hours on Wednesday, reaching $86.00. 12,305,846 shares of the company were exchanged, compared to its average volume of 11,129,724. The firm has a market cap of $97.73 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 3.59 and a beta of 0.99. The stock has a 50-day moving average of $86.24 and a 200 day moving average of $95.89. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The company had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.90 billion. During the same period in the previous year, the company earned $0.68 EPS. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, research analysts forecast that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 2.84%. Starbucks's dividend payout ratio is presently 88.41%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SBUX. Stifel Nicolaus dropped their price objective on Starbucks from $103.00 to $92.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Wedbush lifted their target price on Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Barclays decreased their target price on Starbucks from $106.00 to $98.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Guggenheim decreased their target price on Starbucks from $95.00 to $83.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Finally, Jefferies Financial Group upgraded Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 target price on the stock in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $98.72.

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.