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

CSM Advisors LLC lowered its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,885 shares of the coffee company's stock after selling 3,985 shares during the period. CSM Advisors LLC's holdings in Starbucks were worth $6,468,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Life Planners purchased a new stake in Starbucks in the 4th quarter valued at approximately $25,000. Graney & King LLC purchased a new stake in shares of Starbucks in the fourth quarter valued at $26,000. Collier Financial acquired a new stake in shares of Starbucks during the fourth quarter valued at $27,000. Runnymede Capital Advisors Inc. purchased a new stake in Starbucks during the 4th quarter worth about $27,000. Finally, Marshall Investment Management LLC acquired a new position in Starbucks in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Stock Up 1.3 %

SBUX opened at $81.75 on Wednesday. The firm's 50 day moving average is $97.97 and its 200-day moving average is $98.06. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The firm has a market capitalization of $92.86 billion, a P/E ratio of 26.37, a P/E/G ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter in the prior year, the business posted $0.90 EPS. Equities analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

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 issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks's dividend payout ratio is currently 78.71%.

Wall Street Analyst Weigh In

SBUX has been the subject of a number of recent research reports. UBS Group lifted their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Jefferies Financial Group upgraded Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price target for the company in a report on Wednesday, April 9th. BMO Capital Markets increased their price target on Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Citigroup lowered their price objective on Starbucks from $100.00 to $88.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Wells Fargo & Company reduced their target price on Starbucks from $125.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.

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