Starbucks Co. (NASDAQ:SBUX) Shares Sold by Evergreen Capital Management LLC

Evergreen Capital Management LLC cut its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 14.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,850 shares of the coffee company's stock after selling 3,124 shares during the period. Evergreen Capital Management LLC's holdings in Starbucks were worth $1,720,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of Starbucks during the fourth quarter worth about $25,000. Graney & King LLC acquired a new position in Starbucks in the 4th quarter valued at $26,000. Collier Financial purchased a new position in shares of Starbucks during the 4th quarter worth $27,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of Starbucks during the fourth quarter worth $27,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of Starbucks during the fourth quarter worth $30,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Up 1.8 %

Shares of SBUX traded up $1.47 during midday trading on Wednesday, hitting $83.22. The company had a trading volume of 3,726,642 shares, compared to its average volume of 11,464,092. The stock has a market cap of $94.53 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 3.59 and a beta of 1.00. The company's 50 day moving average price is $97.97 and its 200 day moving average price is $98.06. 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 released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter in the prior year, the firm posted $0.90 EPS. Equities analysts anticipate that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.93%. Starbucks's dividend payout ratio (DPR) is 78.71%.

Analyst Ratings Changes

SBUX has been the topic of several recent analyst reports. Jefferies Financial Group upgraded Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 target price on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company decreased their target price on shares of Starbucks from $125.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday. BMO Capital Markets upped their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Robert W. Baird reiterated a "neutral" rating and issued a $85.00 price target (down previously from $114.00) on shares of Starbucks in a report on Monday, April 7th. Finally, Baird R W downgraded Starbucks from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.00.

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.