Stonebridge Capital Advisors LLC Sells 3,896 Shares of Starbucks Co. (NASDAQ:SBUX)

Stonebridge Capital Advisors LLC reduced its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 15.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 21,758 shares of the coffee company's stock after selling 3,896 shares during the period. Stonebridge Capital Advisors LLC's holdings in Starbucks were worth $1,985,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Financial Life Planners purchased a new stake in shares of Starbucks in the fourth quarter worth $25,000. Graney & King LLC bought a new position in shares of Starbucks in the fourth quarter worth approximately $26,000. Collier Financial purchased a new stake in Starbucks in the fourth quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. bought a new stake in Starbucks during the fourth quarter valued at approximately $27,000. Finally, Marshall Investment Management LLC purchased a new position in Starbucks in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Trading Down 0.3 %

SBUX stock traded down $0.25 during trading on Monday, reaching $83.56. The stock had a trading volume of 3,557,385 shares, compared to its average volume of 11,487,163. The stock's 50 day moving average is $96.22 and its two-hundred day moving average is $97.83. The firm has a market cap of $94.91 billion, a PE ratio of 26.92, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the previous year, the firm posted $0.90 EPS. On average, research analysts anticipate that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.92%. The ex-dividend date is Friday, May 16th. Starbucks's dividend payout ratio is presently 78.71%.

Analyst Upgrades and Downgrades

SBUX has been the subject of a number of research analyst reports. Argus raised shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective for the company in a report on Tuesday, March 18th. UBS Group upped their target price on Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Wells Fargo & Company reduced their price target on shares of Starbucks from $125.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Stifel Nicolaus cut their price objective on Starbucks from $114.00 to $103.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Citigroup decreased their target price on Starbucks from $100.00 to $88.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $103.00.

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.