Starbucks Co. (NASDAQ:SBUX) Shares Sold by Coastline Trust Co

Coastline Trust Co trimmed its position in shares of Starbucks Co. (NASDAQ:SBUXFree Report) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,095 shares of the coffee company’s stock after selling 915 shares during the period. Coastline Trust Co’s holdings in Starbucks were worth $1,929,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC lifted its stake in Starbucks by 8.9% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 27,339 shares of the coffee company’s stock worth $2,625,000 after purchasing an additional 2,243 shares in the last quarter. Stonegate Investment Group LLC boosted its holdings in Starbucks by 4.6% in the fourth quarter. Stonegate Investment Group LLC now owns 86,753 shares of the coffee company’s stock valued at $8,329,000 after purchasing an additional 3,852 shares during the period. TIAA Trust National Association boosted its holdings in Starbucks by 13.1% in the fourth quarter. TIAA Trust National Association now owns 68,652 shares of the coffee company’s stock valued at $6,591,000 after purchasing an additional 7,973 shares during the period. FAS Wealth Partners Inc. boosted its holdings in Starbucks by 11.4% in the fourth quarter. FAS Wealth Partners Inc. now owns 24,606 shares of the coffee company’s stock valued at $2,362,000 after purchasing an additional 2,523 shares during the period. Finally, Private Ocean LLC boosted its holdings in Starbucks by 15.1% in the fourth quarter. Private Ocean LLC now owns 7,936 shares of the coffee company’s stock valued at $762,000 after purchasing an additional 1,040 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 value of $305,597.50. Following the completion of the transaction, the insider now owns 84,153 shares of the company’s stock, valued at approximately $7,912,906.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 4,000 shares of company stock valued at $375,665. Company insiders own 1.98% of the company’s stock.

Starbucks Stock Performance

Shares of NASDAQ:SBUX traded down $2.23 during trading hours on Tuesday, hitting $89.30. The stock had a trading volume of 8,108,131 shares, compared to its average volume of 8,522,675. The stock’s fifty day simple moving average is $92.92 and its 200 day simple moving average is $95.05. Starbucks Co. has a 1-year low of $89.21 and a 1-year high of $115.48. The firm has a market capitalization of $101.11 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 1.45 and a beta of 0.98.

Starbucks (NASDAQ:SBUXGet Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The firm had revenue of $9.43 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same quarter in the previous year, the business posted $0.75 EPS. Starbucks’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, research analysts anticipate that Starbucks Co. will post 4.06 EPS for the current year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio is 60.96%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wells Fargo & Company reaffirmed an “overweight” rating and set a $105.00 price target on shares of Starbucks in a report on Monday. Barclays cut their target price on Starbucks from $116.00 to $112.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 31st. Morgan Stanley upgraded Starbucks from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $112.00 to $120.00 in a research report on Tuesday, January 16th. StockNews.com cut Starbucks from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, BTIG Research dropped their price target on Starbucks from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Starbucks presently has an average rating of “Hold” and an average target price of $109.24.

View Our Latest Analysis on SBUX

About Starbucks

(Free Report)

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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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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