OneDigital Investment Advisors LLC Sells 6,180 Shares of Starbucks Co. (NASDAQ:SBUX)

OneDigital Investment Advisors LLC lessened its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 12.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 43,223 shares of the coffee company's stock after selling 6,180 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Starbucks were worth $3,944,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Strategic Financial Concepts LLC bought a new stake in shares of Starbucks in the 4th quarter worth $62,000. Arizona State Retirement System raised its position in Starbucks by 0.8% in the fourth quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company's stock worth $29,881,000 after acquiring an additional 2,722 shares in the last quarter. West Michigan Advisors LLC acquired a new stake in Starbucks in the 4th quarter valued at about $265,000. Wernau Asset Management Inc. bought a new position in shares of Starbucks during the 4th quarter valued at about $258,000. Finally, OFI Invest Asset Management acquired a new position in shares of Starbucks in the 4th quarter worth approximately $9,497,000. Institutional investors own 72.29% of the company's stock.

Starbucks Price Performance

NASDAQ SBUX traded up $1.05 on Thursday, reaching $83.86. The company had a trading volume of 6,791,606 shares, compared to its average volume of 11,507,077. The firm has a market cap of $95.26 billion, a price-to-earnings ratio of 27.05, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The business has a 50 day moving average of $96.81 and a two-hundred day moving average of $97.87.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping 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 period last year, the firm posted $0.90 earnings per share. As a group, research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 2.91%. Starbucks's payout ratio is 78.71%.

Analyst Ratings Changes

A number of analysts recently weighed in on SBUX shares. UBS Group raised their target price on shares of Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price on the stock in a research report on Tuesday, March 18th. Baird R W downgraded shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Jefferies Financial Group upgraded shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price objective on the stock in a research report on Wednesday, April 9th. Finally, Barclays cut their target price on shares of Starbucks from $124.00 to $106.00 and set an "overweight" rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $103.00.

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.