Starbucks Co. (NASDAQ:SBUX) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC trimmed its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 24.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,301 shares of the coffee company's stock after selling 6,158 shares during the period. IHT Wealth Management LLC's holdings in Starbucks were worth $1,761,000 at the end of the most recent quarter.

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

Starbucks Trading Up 1.3 %

Shares of SBUX stock opened at $81.75 on Wednesday. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The stock has a market cap of $92.86 billion, a price-to-earnings ratio of 26.37, 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 (NASDAQ:SBUX - Get Free Report) last posted its quarterly 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the previous year, the business posted $0.90 earnings per share. As a group, equities research analysts predict that Starbucks Co. will post 2.99 EPS for the current 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 given a $0.61 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 2.98%. Starbucks's dividend payout ratio is currently 78.71%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SBUX. Stifel Nicolaus dropped their price objective on shares of Starbucks from $114.00 to $103.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Citigroup decreased their price objective on shares of Starbucks from $100.00 to $88.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Robert W. Baird restated 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. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Finally, Barclays dropped their price objective on Starbucks from $124.00 to $106.00 and set an "overweight" rating on the stock in a report on Tuesday. Two investment 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. According to data from MarketBeat.com, Starbucks currently has an average rating of "Moderate Buy" and a consensus target price of $103.00.

Starbucks Company 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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