Starbucks Co. (NASDAQ:SBUX) Shares Sold by Coston McIsaac & Partners

Coston McIsaac & Partners trimmed its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 17.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,436 shares of the coffee company's stock after selling 9,701 shares during the quarter. Coston McIsaac & Partners' holdings in Starbucks were worth $4,145,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SBUX. Strategic Investment Solutions Inc. IL purchased a new position in shares of Starbucks in the second quarter valued at $25,000. DT Investment Partners LLC increased its holdings in shares of 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 buying an additional 121 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Starbucks during the 3rd quarter valued at about $49,000. Friedenthal Financial bought a new position in shares of Starbucks in the 3rd quarter valued at about $50,000. Finally, Capital Performance Advisors LLP purchased a new position in Starbucks in the third quarter worth about $71,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Stock Performance

SBUX stock traded down $1.32 during trading on Friday, reaching $107.68. 19,136,671 shares of the company traded hands, compared to its average volume of 8,554,757. The company has a market capitalization of $122.31 billion, a price-to-earnings ratio of 34.74, a price-to-earnings-growth ratio of 3.47 and a beta of 0.99. The business has a 50 day simple moving average of $96.19 and a 200 day simple moving average of $93.36. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $110.34.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a negative return on equity of 44.30% and a net margin of 9.73%. During the same quarter last year, the firm posted $0.90 earnings per share. As a group, research analysts forecast that Starbucks Co. will post 3 EPS for the current year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors 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 dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks's dividend payout ratio (DPR) is 78.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Redburn Atlantic reaffirmed a "sell" rating and issued a $77.00 price objective (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. TD Cowen reaffirmed a "buy" rating and set a $110.00 price objective on shares of Starbucks in a research note on Monday, November 11th. Citigroup boosted their price objective on shares of Starbucks from $96.00 to $99.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Wells Fargo & Company lifted their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 26th. Finally, Wedbush increased their price objective on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.33.

Insider Activity at Starbucks

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

Starbucks 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.