Starbucks Co. (NASDAQ:SBUX) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. lessened its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 177,376 shares of the coffee company's stock after selling 4,483 shares during the period. Logan Capital Management Inc.'s holdings in Starbucks were worth $16,186,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Laird Norton Wetherby Wealth Management LLC raised its holdings in shares of Starbucks by 3.9% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 38,097 shares of the coffee company's stock valued at $3,476,000 after acquiring an additional 1,427 shares during the last quarter. Lighthouse Investment Partners LLC boosted its stake in shares of Starbucks by 302.1% in the fourth quarter. Lighthouse Investment Partners LLC now owns 324,000 shares of the coffee company's stock worth $29,565,000 after acquiring an additional 243,417 shares during the last quarter. Investor s Fiduciary Advisor Network LLC purchased a new stake in shares of Starbucks during the fourth quarter worth approximately $601,000. Jefferies Financial Group Inc. increased its position in shares of Starbucks by 1,076.5% during the fourth quarter. Jefferies Financial Group Inc. now owns 36,612 shares of the coffee company's stock worth $3,341,000 after purchasing an additional 33,500 shares in the last quarter. Finally, Guardian Wealth Advisors LLC NC raised its stake in Starbucks by 2.3% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 5,388 shares of the coffee company's stock valued at $492,000 after purchasing an additional 123 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Trading Down 0.4%

Starbucks stock traded down $0.34 during midday trading on Wednesday, reaching $86.54. 12,736,326 shares of the stock traded hands, compared to its average volume of 11,194,074. The firm has a market cap of $98.34 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The company has a 50-day simple moving average of $88.71 and a two-hundred day simple moving average of $96.66. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $117.46.

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

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks's payout ratio is presently 88.41%.

Wall Street Analysts Forecast Growth

SBUX has been the subject of a number of research reports. Jefferies Financial Group raised shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 target price for the company in a report on Wednesday, April 9th. Stifel Nicolaus cut their price objective on shares of Starbucks from $103.00 to $92.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. StockNews.com raised shares of Starbucks from a "sell" rating to a "hold" rating in a research note on Saturday. Guggenheim dropped their price target on Starbucks from $95.00 to $83.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, Barclays reduced their price objective on Starbucks from $106.00 to $98.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, Starbucks presently has a consensus rating of "Moderate Buy" and an average price target of $98.72.

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.