Starbucks Co. (NASDAQ:SBUX) Shares Sold by London & Capital Asset Management Ltd

London & Capital Asset Management Ltd cut its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 387,970 shares of the coffee company's stock after selling 10,534 shares during the period. Starbucks makes up approximately 3.1% of London & Capital Asset Management Ltd's holdings, making the stock its 13th biggest position. London & Capital Asset Management Ltd's holdings in Starbucks were worth $37,249,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Freedom Wealth Alliance LLC acquired a new position in Starbucks in the 4th quarter valued at approximately $26,000. Riggs Asset Managment Co. Inc. increased its stake in shares of Starbucks by 1,578.9% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company's stock worth $29,000 after purchasing an additional 300 shares during the last quarter. Atticus Wealth Management LLC increased its stake in shares of Starbucks by 153.8% during the 4th quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company's stock worth $32,000 after purchasing an additional 200 shares during the last quarter. First Capital Advisors Group LLC. acquired a new position in shares of Starbucks during the 2nd quarter worth $35,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Starbucks in the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Insider Activity at Starbucks

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at approximately $7,912,906.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 4,000 shares of company stock worth $375,665 in the last quarter. 1.98% of the stock is owned by insiders.

Starbucks Trading Up 0.3 %

Starbucks stock traded up $0.25 during trading hours on Monday, reaching $85.17. 9,425,110 shares of the stock were exchanged, compared to its average volume of 8,384,405. The company has a market cap of $96.43 billion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98. Starbucks Co. has a twelve month low of $84.29 and a twelve month high of $115.48. The stock has a 50 day moving average of $91.86 and a two-hundred day moving average of $94.61.

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

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.57 dividend. The ex-dividend date 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 (DPR) is presently 60.96%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SBUX. Citigroup lowered their target price on shares of Starbucks from $102.00 to $95.00 and set a "neutral" rating on the stock in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on shares of Starbucks from $107.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, March 19th. Gordon Haskett downgraded shares of Starbucks from a "buy" rating to a "hold" rating and set a $100.00 price objective for the company. in a report on Tuesday, January 16th. Royal Bank of Canada reiterated a "sector perform" rating and set a $102.00 target price on shares of Starbucks in a research report on Wednesday, January 31st. Finally, Wells Fargo & Company reiterated an "overweight" rating and set a $105.00 target price on shares of Starbucks in a research report on Monday, April 1st. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $107.71.

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.