Trust Co. of Vermont Decreases Position in Starbucks Co. (NASDAQ:SBUX)

Trust Co. of Vermont lowered its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 14.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 117,690 shares of the coffee company's stock after selling 20,147 shares during the quarter. Trust Co. of Vermont's holdings in Starbucks were worth $10,739,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Dakota Wealth Management boosted its holdings in Starbucks by 0.5% during the 3rd quarter. Dakota Wealth Management now owns 55,793 shares of the coffee company's stock valued at $5,439,000 after acquiring an additional 300 shares during the period. Weil Company Inc. lifted its stake in Starbucks by 31.2% in the third quarter. Weil Company Inc. now owns 34,580 shares of the coffee company's stock worth $3,371,000 after acquiring an additional 8,222 shares during the period. Maia Wealth LLC raised its holdings in Starbucks by 69.1% in the 3rd quarter. Maia Wealth LLC now owns 18,582 shares of the coffee company's stock worth $1,805,000 after purchasing an additional 7,596 shares in the last quarter. Aljian Capital Management LLC lifted its position in shares of Starbucks by 48.5% in the 3rd quarter. Aljian Capital Management LLC now owns 30,422 shares of the coffee company's stock worth $2,966,000 after purchasing an additional 9,936 shares during the period. Finally, Investment Management Corp of Ontario raised its stake in Starbucks by 48.6% in the third quarter. Investment Management Corp of Ontario now owns 37,584 shares of the coffee company's stock worth $3,664,000 after buying an additional 12,300 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the transaction, the chief financial officer now owns 80,124 shares in the company, valued at $7,975,542.96. This trade represents a 1.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.98% of the stock is owned by insiders.

Starbucks Trading Up 0.7 %

Starbucks stock traded up $0.70 during midday trading on Friday, hitting $95.13. The stock had a trading volume of 8,361,293 shares, compared to its average volume of 7,954,453. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $103.32. The company has a market capitalization of $107.86 billion, a PE ratio of 28.74, a P/E/G ratio of 2.73 and a beta of 0.99. The firm's fifty day moving average is $95.84 and its two-hundred day moving average is $91.60.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The firm had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same period last year, the firm earned $1.06 EPS. The company's revenue was down 3.2% on a year-over-year basis. As a group, equities research analysts predict that Starbucks Co. will post 3.1 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.56%. The ex-dividend date is Friday, February 14th. Starbucks's dividend payout ratio (DPR) is presently 73.72%.

Analysts Set New Price Targets

SBUX has been the topic of several research reports. Barclays cut their price objective on Starbucks from $110.00 to $108.00 and set an "overweight" rating on the stock in a research report on Thursday, October 31st. BTIG Research upped their price target on Starbucks from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Citigroup raised their price objective on Starbucks from $96.00 to $99.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Sanford C. Bernstein raised shares of Starbucks from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $92.00 to $115.00 in a research report on Thursday, September 26th. Finally, UBS Group lifted their price target on shares of Starbucks from $85.00 to $95.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Starbucks currently has an average rating of "Moderate Buy" and an average price target of $103.92.

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.