Pacifica Capital Investments LLC Reduces Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Pacifica Capital Investments LLC lowered its stake in Starbucks Co. (NASDAQ:SBUX - Free Report) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 425,054 shares of the coffee company's stock after selling 24,370 shares during the period. Starbucks makes up about 12.1% of Pacifica Capital Investments LLC's investment portfolio, making the stock its 3rd largest holding. Pacifica Capital Investments LLC's holdings in Starbucks were worth $40,809,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Banco de Sabadell S.A raised its stake in Starbucks by 17.2% during the 4th quarter. Banco de Sabadell S.A now owns 21,603 shares of the coffee company's stock valued at $2,072,000 after purchasing an additional 3,170 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Starbucks by 45.3% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,282 shares of the coffee company's stock worth $315,000 after acquiring an additional 1,024 shares during the last quarter. Enterprise Financial Services Corp increased its stake in shares of Starbucks by 7.6% in the fourth quarter. Enterprise Financial Services Corp now owns 10,289 shares of the coffee company's stock worth $988,000 after acquiring an additional 731 shares during the last quarter. Union Savings Bank increased its stake in shares of Starbucks by 10.4% in the fourth quarter. Union Savings Bank now owns 1,954 shares of the coffee company's stock worth $188,000 after acquiring an additional 184 shares during the last quarter. Finally, Sand Hill Global Advisors LLC boosted its holdings in Starbucks by 34.3% in the fourth quarter. Sand Hill Global Advisors LLC now owns 4,560 shares of the coffee company's stock worth $438,000 after purchasing an additional 1,165 shares in the last quarter. Institutional investors own 72.29% of the company's stock.

Insider Buying and Selling at Starbucks

In other news, CEO Michael Aaron Conway sold 3,250 shares of the business's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $85.39, for a total value of $277,517.50. Following the completion of the transaction, the chief executive officer now owns 81,199 shares of the company's stock, valued at approximately $6,933,582.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 3,750 shares of company stock valued at $322,675. 1.98% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SBUX shares. BMO Capital Markets decreased their price objective on shares of Starbucks from $125.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday, January 31st. Evercore ISI decreased their price objective on shares of Starbucks from $120.00 to $92.00 and set an "outperform" rating for the company in a report on Wednesday, May 1st. Stifel Nicolaus decreased their price target on shares of Starbucks from $90.00 to $80.00 and set a "hold" rating for the company in a report on Wednesday, May 1st. Wedbush decreased their price target on shares of Starbucks from $95.00 to $92.00 and set a "neutral" rating for the company in a report on Friday, April 26th. Finally, Guggenheim decreased their price target on shares of Starbucks from $100.00 to $91.00 and set a "buy" rating for the company in a report on Friday, April 19th. Seventeen analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Starbucks currently has an average rating of "Hold" and a consensus target price of $96.43.

Starbucks Trading Up 3.9 %

Shares of SBUX traded up $3.00 during mid-day trading on Wednesday, hitting $80.72. 22,063,675 shares of the company traded hands, compared to its average volume of 10,221,163. Starbucks Co. has a one year low of $71.80 and a one year high of $107.66. The business has a 50-day moving average of $84.79 and a 200 day moving average of $92.22. The stock has a market capitalization of $91.43 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 1.67 and a beta of 0.97.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The coffee company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.11). Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The company had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $9.12 billion. During the same period last year, the company earned $0.74 earnings per share. Starbucks's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, analysts anticipate that Starbucks Co. will post 3.63 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid 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 2.82%. Starbucks's payout ratio is presently 62.81%.

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.

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