Windward Capital Management Co. CA Sells 166 Shares of Starbucks Corporation (NASDAQ:SBUX)

Windward Capital Management Co. CA lowered its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 4.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,414 shares of the coffee company’s stock after selling 166 shares during the period. Windward Capital Management Co. CA’s holdings in Starbucks were worth $335,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its stake in Starbucks by 8.4% during the first quarter. Steward Partners Investment Advisory LLC now owns 143,648 shares of the coffee company’s stock worth $14,090,000 after buying an additional 11,097 shares during the last quarter. Raymond James Financial Inc. raised its stake in Starbucks by 11.5% during the first quarter. Raymond James Financial Inc. now owns 3,474,457 shares of the coffee company’s stock worth $340,810,000 after buying an additional 359,024 shares during the last quarter. Cresset Asset Management LLC raised its stake in Starbucks by 2.7% during the first quarter. Cresset Asset Management LLC now owns 74,853 shares of the coffee company’s stock worth $7,342,000 after buying an additional 1,941 shares during the last quarter. Alliance Wealth Advisors LLC UT raised its stake in Starbucks by 164.3% during the first quarter. Alliance Wealth Advisors LLC UT now owns 24,816 shares of the coffee company’s stock worth $2,434,000 after buying an additional 15,425 shares during the last quarter. Finally, Roanoke Asset Management Corp NY bought a new position in Starbucks during the first quarter worth $207,000. Institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

SBUX has been the subject of a number of analyst reports. UBS Group lifted their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $115.00 price target (up from $100.00) on shares of Starbucks in a research note on Wednesday, July 30th. Bank of America lifted their price target on shares of Starbucks from $101.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Jefferies Financial Group downgraded shares of Starbucks from a “hold” rating to an “underperform” rating and set a $76.00 price target for the company. in a research note on Thursday, July 17th. Finally, TD Securities reaffirmed a “hold” rating and issued a $90.00 price target on shares of Starbucks in a research note on Monday, June 23rd. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Starbucks has a consensus rating of “Hold” and an average price target of $103.65.

Starbucks Stock Performance

Starbucks stock opened at $90.60 on Friday. Starbucks Corporation has a fifty-two week low of $75.50 and a fifty-two week high of $117.46. The stock has a market cap of $102.99 billion, a PE ratio of 39.05, a price-to-earnings-growth ratio of 5.32 and a beta of 1.02. The firm’s 50-day simple moving average is $92.80 and its 200 day simple moving average is $94.09.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, July 29th. The coffee company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.14). Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%. The firm had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $9.29 billion. During the same quarter last year, the firm posted $0.93 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, analysts predict that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a $0.61 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.44 annualized dividend and a yield of 2.7%. Starbucks’s payout ratio is currently 105.17%.

About Starbucks

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.