World Investment Advisors Lowers Stock Position in Starbucks Co. (NASDAQ:SBUX)

World Investment Advisors cut its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,900 shares of the coffee company's stock after selling 7,392 shares during the quarter. World Investment Advisors' holdings in Starbucks were worth $5,831,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wintrust Investments LLC grew its stake 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 in the last quarter. Kuhn & Co Investment Counsel raised its holdings in Starbucks by 2.3% during the fourth 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 in the last quarter. Wellington Shields & Co. LLC increased its holdings in shares of Starbucks by 8.6% during the 4th quarter. Wellington Shields & Co. LLC now owns 1,265 shares of the coffee company's stock valued at $115,000 after acquiring an additional 100 shares during the last quarter. Mystic Asset Management Inc. raised its stake in shares of Starbucks by 3.9% in the 4th quarter. Mystic Asset Management Inc. now owns 2,665 shares of the coffee company's stock valued at $243,000 after acquiring an additional 101 shares in the last quarter. Finally, Jmac Enterprises LLC boosted its position in Starbucks by 1.0% during the fourth quarter. Jmac Enterprises LLC now owns 9,995 shares of the coffee company's stock worth $912,000 after purchasing an additional 103 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

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Starbucks Trading Down 2.6 %

Shares of NASDAQ:SBUX traded down $2.10 during trading on Monday, reaching $80.00. 26,093,774 shares of the company traded hands, compared to its average volume of 11,287,281. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The business's fifty day moving average is $105.32 and its 200-day moving average is $99.41. The firm has a market capitalization of $90.87 billion, a price-to-earnings ratio of 25.81, 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 data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 earned $0.90 EPS. On average, sell-side analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks's payout ratio is currently 78.71%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SBUX shares. Robert W. Baird reaffirmed a "neutral" rating and set a $85.00 price objective (down from $114.00) on shares of Starbucks in a report on Monday. Argus raised shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective for the company in a research report on Tuesday, March 18th. Barclays upped their price target on Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. UBS Group increased their target price on Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Finally, Stifel Nicolaus boosted their price objective on Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Starbucks currently has a consensus rating of "Moderate Buy" and an average target price of $105.12.

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.