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

Stonebridge Capital Advisors LLC reduced its stake in Starbucks Co. (NASDAQ:SBUX - Free Report) by 15.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 21,758 shares of the coffee company's stock after selling 3,896 shares during the quarter. Stonebridge Capital Advisors LLC's holdings in Starbucks were worth $1,985,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Pioneer Trust Bank N A OR increased its stake in Starbucks by 0.8% during the fourth quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company's stock valued at $1,032,000 after purchasing an additional 92 shares during the last quarter. Wintrust Investments LLC boosted its holdings in shares of Starbucks by 7.1% in the 4th quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company's stock valued at $128,000 after buying an additional 94 shares during the period. Kuhn & Co Investment Counsel grew its position in shares of Starbucks by 2.3% during the 4th quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company's stock valued at $387,000 after buying an additional 96 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in Starbucks by 3.5% during the fourth quarter. Gamco Investors INC. ET AL now owns 2,860 shares of the coffee company's stock worth $261,000 after acquiring an additional 97 shares during the period. Finally, Foster Dykema Cabot & Partners LLC lifted its holdings in Starbucks by 10.6% in the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 1,014 shares of the coffee company's stock worth $93,000 after acquiring an additional 97 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Price Performance

SBUX stock opened at $82.80 on Thursday. The firm has a market cap of $94.06 billion, a PE ratio of 26.71, a P/E/G 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. The firm has a 50 day simple moving average of $97.38 and a 200 day simple moving average of $97.96.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 in the previous year, the business posted $0.90 EPS. As a group, sell-side analysts expect that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Friday, May 16th. Starbucks's dividend payout ratio is presently 78.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SBUX shares. Robert W. Baird reiterated a "neutral" rating and set a $85.00 price target (down from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Jefferies Financial Group upgraded shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price target for the company in a research report on Wednesday, April 9th. BMO Capital Markets lifted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus decreased their target price on shares of Starbucks from $114.00 to $103.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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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