LVM Capital Management Ltd. MI Trims Stock Position in Starbucks Co. (NASDAQ:SBUX)

LVM Capital Management Ltd. MI lessened its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 31.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,290 shares of the coffee company's stock after selling 25,165 shares during the period. LVM Capital Management Ltd. MI's holdings in Starbucks were worth $4,954,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SBUX. State Street Corp increased its stake in shares of Starbucks by 1.0% during the third quarter. State Street Corp now owns 45,974,407 shares of the coffee company's stock worth $4,482,045,000 after purchasing an additional 437,218 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Starbucks by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 24,277,756 shares of the coffee company's stock worth $2,358,464,000 after buying an additional 333,004 shares during the last quarter. FMR LLC increased its stake in Starbucks by 55.0% during the 3rd quarter. FMR LLC now owns 19,779,859 shares of the coffee company's stock worth $1,928,339,000 after buying an additional 7,015,375 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Starbucks by 100.6% during the third quarter. Wellington Management Group LLP now owns 15,149,937 shares of the coffee company's stock valued at $1,476,967,000 after acquiring an additional 7,598,146 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Starbucks by 2.9% in the third quarter. Fisher Asset Management LLC now owns 11,762,684 shares of the coffee company's stock valued at $1,146,744,000 after acquiring an additional 327,734 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Barclays reduced their price objective on Starbucks from $110.00 to $108.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. Royal Bank of Canada assumed coverage on shares of Starbucks in a research note on Friday, November 15th. They issued an "outperform" rating and a $115.00 price target on the stock. Wells Fargo & Company upped their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an "overweight" rating in a research note on Tuesday, November 26th. Jefferies Financial Group lowered shares of Starbucks from a "hold" rating to an "underperform" rating and decreased their target price for the stock from $80.00 to $76.00 in a research note on Tuesday, September 24th. Finally, Sanford C. Bernstein raised Starbucks from a "market perform" rating to an "outperform" rating and increased their price target for the company from $92.00 to $115.00 in a report on Thursday, September 26th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.77.

Starbucks Stock Down 0.4 %

NASDAQ SBUX traded down $0.35 during trading on Friday, hitting $92.25. The stock had a trading volume of 6,548,606 shares, compared to its average volume of 6,967,984. The firm has a 50 day moving average price of $96.13 and a 200 day moving average price of $90.97. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $103.32. The company has a market capitalization of $104.59 billion, a PE ratio of 27.87, a PEG ratio of 2.86 and a beta of 0.99.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results 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 firm's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 EPS. On average, sell-side analysts anticipate that Starbucks Co. will post 3.11 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 annualized dividend and a yield of 2.64%. Starbucks's dividend payout ratio (DPR) is 73.72%.

Insider Buying and Selling at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the sale, the chief financial officer now directly owns 80,124 shares of the company's stock, valued at approximately $7,975,542.96. The trade was a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.98% of the stock is owned by corporate 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.