Coldstream Capital Management Inc. Cuts Holdings in Starbucks Co. (NASDAQ:SBUX)

Coldstream Capital Management Inc. trimmed its position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 19.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,414 shares of the coffee company's stock after selling 28,041 shares during the quarter. Coldstream Capital Management Inc.'s holdings in Starbucks were worth $10,897,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Financial Life Planners purchased a new position in Starbucks during the fourth quarter worth about $25,000. Graney & King LLC purchased a new stake in shares of Starbucks during the 4th quarter worth $26,000. Collier Financial acquired a new stake in Starbucks during the 4th quarter worth $27,000. Runnymede Capital Advisors Inc. acquired a new stake in Starbucks during the 4th quarter worth $27,000. Finally, Marshall Investment Management LLC acquired a new stake in Starbucks during the 4th quarter worth $30,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Trading Down 5.7 %

Starbucks stock traded down $4.82 during trading on Wednesday, hitting $80.03. 37,919,482 shares of the company were exchanged, compared to its average volume of 11,649,635. The business's 50 day moving average is $95.08 and its 200 day moving average is $97.66. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The company has a market capitalization of $90.91 billion, a P/E ratio of 25.82, a PEG ratio of 3.59 and a beta of 1.00.

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

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Friday, May 16th. Starbucks's dividend payout ratio (DPR) is currently 78.71%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Stifel Nicolaus decreased their price objective on shares of Starbucks from $103.00 to $92.00 and set a "buy" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on Starbucks from $105.00 to $100.00 and set an "overweight" rating on the stock in a research note on Wednesday. Royal Bank of Canada cut their price objective on Starbucks from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday. Barclays cut their target price on Starbucks from $124.00 to $106.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company lowered their target price on Starbucks from $125.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $98.62.

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.