Starbucks Co. (NASDAQ:SBUX) Shares Sold by Mariner LLC

Mariner LLC trimmed its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 739,669 shares of the coffee company's stock after selling 10,164 shares during the period. Mariner LLC owned about 0.07% of Starbucks worth $67,494,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Invst LLC boosted its holdings in Starbucks by 1.9% in the 3rd quarter. Invst LLC now owns 20,767 shares of the coffee company's stock worth $2,025,000 after acquiring an additional 395 shares during the period. Tudor Financial Inc. purchased a new position in shares of Starbucks in the third quarter valued at $1,352,000. Fulcrum Equity Management grew its holdings in Starbucks by 38.8% during the 3rd quarter. Fulcrum Equity Management now owns 4,119 shares of the coffee company's stock valued at $402,000 after purchasing an additional 1,151 shares in the last quarter. Sculati Wealth Management LLC increased its stake in Starbucks by 15.1% during the 3rd quarter. Sculati Wealth Management LLC now owns 10,291 shares of the coffee company's stock worth $940,000 after buying an additional 1,350 shares during the period. Finally, World Investment Advisors LLC lifted its holdings in Starbucks by 1,941.0% in the 3rd quarter. World Investment Advisors LLC now owns 71,292 shares of the coffee company's stock worth $6,950,000 after buying an additional 67,799 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SBUX shares. Robert W. Baird reaffirmed a "neutral" rating and set a $85.00 target price (down from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Stifel Nicolaus cut their target price on Starbucks from $114.00 to $103.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Jefferies Financial Group upgraded Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 target price for the company in a research note on Wednesday, April 9th. UBS Group upped their price target on shares of Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $104.79.

Starbucks Stock Performance

Shares of SBUX traded up $0.74 during mid-day trading on Friday, reaching $81.50. 9,784,353 shares of the company's stock traded hands, compared to its average volume of 11,491,129. The business's 50-day moving average price is $99.25 and its 200-day moving average price is $98.29. The stock has a market capitalization of $92.58 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating the consensus estimate 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 company posted $0.90 EPS. Equities research analysts anticipate that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.61 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 2.99%. Starbucks's dividend payout ratio is presently 78.71%.

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.