Starbucks Co. (NASDAQ:SBUX) Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC lowered its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 53.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,418 shares of the coffee company's stock after selling 14,427 shares during the quarter. Western Wealth Management LLC's holdings in Starbucks were worth $1,133,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Capital & Planning LLC lifted its position in Starbucks by 40.7% in the 4th quarter. Capital & Planning LLC now owns 12,039 shares of the coffee company's stock worth $1,099,000 after buying an additional 3,483 shares during the last quarter. Diversify Wealth Management LLC grew its stake in shares of Starbucks by 38.8% in the fourth quarter. Diversify Wealth Management LLC now owns 4,078 shares of the coffee company's stock worth $376,000 after acquiring an additional 1,139 shares during the last quarter. MCF Advisors LLC boosted its position in shares of Starbucks by 20.0% during the fourth quarter. MCF Advisors LLC now owns 1,839 shares of the coffee company's stock valued at $168,000 after buying an additional 307 shares during the last quarter. Beaumont Financial Advisors LLC boosted its position in shares of Starbucks by 9.8% during the fourth quarter. Beaumont Financial Advisors LLC now owns 4,672 shares of the coffee company's stock valued at $426,000 after buying an additional 417 shares during the last quarter. Finally, Evolution Wealth Advisors LLC purchased a new position in Starbucks in the fourth quarter worth about $242,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Analysts Set New Price Targets

SBUX has been the topic of a number of analyst reports. UBS Group lowered their price objective on Starbucks from $105.00 to $90.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Robert W. Baird reaffirmed a "neutral" rating and issued a $85.00 price objective (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Wall Street Zen cut Starbucks from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Jefferies Financial Group raised Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price objective on the stock in a report on Wednesday, April 9th. Finally, Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price on the stock in a report on Tuesday, March 18th. Three 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 company presently has a consensus rating of "Hold" and a consensus price target of $98.72.

Starbucks Stock Up 3.1%

SBUX stock traded up $2.61 during trading on Tuesday, hitting $87.01. The company had a trading volume of 10,894,347 shares, compared to its average volume of 11,078,768. The firm has a market cap of $98.88 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The firm has a 50-day moving average price of $86.48 and a 200-day moving average price of $95.95.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. The business's revenue for the quarter was up 2.3% on a year-over-year basis. Sell-side analysts anticipate 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 will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks's dividend payout ratio is currently 88.41%.

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.