Butensky & Cohen Financial Security Inc. Sells 22,336 Shares of Starbucks Co. (NASDAQ:SBUX)

Butensky & Cohen Financial Security Inc. lowered its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 45.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,538 shares of the coffee company's stock after selling 22,336 shares during the period. Butensky & Cohen Financial Security Inc.'s holdings in Starbucks were worth $2,422,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of Starbucks during the second quarter worth $25,000. DT Investment Partners LLC increased its holdings in Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company's stock worth $42,000 after purchasing an additional 121 shares in the last quarter. FSA Wealth Management LLC bought a new position in Starbucks in the third quarter valued at about $49,000. Friedenthal Financial bought a new position in Starbucks in the third quarter valued at about $50,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Starbucks during the third quarter valued at about $71,000. 72.29% of the stock is currently owned by institutional investors.

Insider Transactions at Starbucks

In other news, CFO Rachel Ruggeri sold 1,452 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $99.07, for a total value of $143,849.64. Following the completion of the sale, the chief financial officer now owns 65,648 shares in the company, valued at $6,503,747.36. This represents a 2.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.98% of the company's stock.

Starbucks Price Performance

Shares of NASDAQ:SBUX traded up $0.70 during trading on Friday, reaching $95.13. 8,361,293 shares of the stock were exchanged, compared to its average volume of 7,954,453. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $103.32. The stock has a fifty day moving average of $95.84 and a two-hundred day moving average of $91.50. The firm has a market cap of $107.86 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 2.73 and a beta of 0.99.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The firm had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The business's revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 earnings per share. Sell-side analysts forecast that Starbucks Co. will post 3.1 EPS for the current year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Friday, February 14th. Starbucks's dividend payout ratio is currently 73.72%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SBUX shares. Citigroup raised their price objective on shares of Starbucks from $96.00 to $99.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Wedbush dropped their price target on shares of Starbucks from $98.00 to $95.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. Barclays reduced their price objective on shares of Starbucks from $110.00 to $108.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. TD Cowen restated a "buy" rating and issued a $110.00 price objective on shares of Starbucks in a report on Monday, November 11th. Finally, Stifel Nicolaus lifted their target price on Starbucks from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Starbucks currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.92.

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.