Mn Services Vermogensbeheer B.V. Reduces Holdings in Starbucks Co. (NASDAQ:SBUX)

Mn Services Vermogensbeheer B.V. lessened its position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 544,600 shares of the coffee company's stock after selling 16,500 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Starbucks were worth $52,287,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SBUX. Capital Advisors Inc. OK raised its holdings in shares of Starbucks by 14.6% during the fourth quarter. Capital Advisors Inc. OK now owns 4,341 shares of the coffee company's stock worth $417,000 after purchasing an additional 552 shares during the last quarter. Simplicity Wealth LLC purchased a new position in shares of Starbucks during the 4th quarter valued at about $602,000. Louisiana State Employees Retirement System acquired a new position in shares of Starbucks in the 4th quarter valued at about $15,304,000. MV Capital Management Inc. boosted its stake in shares of Starbucks by 1.2% in the fourth quarter. MV Capital Management Inc. now owns 18,475 shares of the coffee company's stock worth $1,774,000 after buying an additional 226 shares during the last quarter. Finally, Graypoint LLC grew its holdings in Starbucks by 4.8% during the fourth quarter. Graypoint LLC now owns 11,089 shares of the coffee company's stock worth $1,065,000 after acquiring an additional 503 shares during the period. Hedge funds and other institutional investors own 72.29% of the company's stock.

Insider Activity

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the completion of the transaction, the insider now owns 84,153 shares of the company's stock, valued at $7,912,906.59. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 4,000 shares of company stock valued at $375,665 in the last quarter. Insiders own 1.98% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on SBUX. Morgan Stanley lowered their price objective on Starbucks from $120.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday. BMO Capital Markets reduced their price target on Starbucks from $125.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday, January 31st. Gordon Haskett lowered Starbucks from a "buy" rating to a "hold" rating and set a $100.00 price objective on the stock. in a report on Tuesday, January 16th. Wedbush reiterated a "neutral" rating and set a $95.00 target price on shares of Starbucks in a research report on Wednesday, January 31st. Finally, Barclays cut their price target on shares of Starbucks from $116.00 to $112.00 and set an "overweight" rating for the company in a report on Wednesday, January 31st. Twelve investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $107.71.

Starbucks Stock Performance

Shares of SBUX stock traded down $0.98 on Friday, hitting $84.92. 8,594,849 shares of the stock traded hands, compared to its average volume of 6,860,191. Starbucks Co. has a twelve month low of $84.29 and a twelve month high of $115.48. The firm's 50-day moving average price is $91.86 and its two-hundred day moving average price is $94.59. The stock has a market capitalization of $96.15 billion, a PE ratio of 22.71, a PEG ratio of 1.37 and a beta of 0.97.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.02). The firm had revenue of $9.43 billion for the quarter, compared to analysts' expectations of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. Starbucks's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. On average, equities research analysts anticipate that Starbucks Co. will post 4.05 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a $0.57 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a yield of 2.68%. Starbucks's dividend payout ratio is currently 60.96%.

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.