Moody National Bank Trust Division Has $2.37 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

Moody National Bank Trust Division trimmed its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,931 shares of the coffee company’s stock after selling 894 shares during the period. Moody National Bank Trust Division’s holdings in Starbucks were worth $2,366,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Riverview Trust Co increased its stake in shares of Starbucks by 3.4% in the 3rd quarter. Riverview Trust Co now owns 3,199 shares of the coffee company’s stock valued at $312,000 after buying an additional 105 shares during the period. Essex Savings Bank increased its position in Starbucks by 1.6% in the third quarter. Essex Savings Bank now owns 7,250 shares of the coffee company’s stock worth $707,000 after purchasing an additional 112 shares during the period. Virtue Capital Management LLC raised its holdings in Starbucks by 1.7% during the 3rd quarter. Virtue Capital Management LLC now owns 6,909 shares of the coffee company’s stock worth $674,000 after purchasing an additional 115 shares during the last quarter. DT Investment Partners LLC boosted its stake in shares of Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after purchasing an additional 121 shares during the last quarter. Finally, Childress Capital Advisors LLC grew its position in shares of Starbucks by 4.8% during the 3rd quarter. Childress Capital Advisors LLC now owns 2,727 shares of the coffee company’s stock worth $266,000 after buying an additional 126 shares during the period. 72.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SBUX shares. Stifel Nicolaus increased their price objective on shares of Starbucks from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Royal Bank of Canada began coverage on Starbucks in a research report on Friday, November 15th. They issued an “outperform” rating and a $115.00 price target on the stock. UBS Group upped their price objective on Starbucks from $85.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. TD Cowen restated a “buy” rating and set a $110.00 target price on shares of Starbucks in a research report on Monday, November 11th. Finally, Citigroup increased their price target on shares of Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $103.77.

Insider Activity at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 1,452 shares of Starbucks stock in a transaction on Friday, November 15th. The shares were sold at an average price of $99.07, for a total value of $143,849.64. Following the completion of the transaction, the chief financial officer now directly owns 65,648 shares of the company’s stock, valued at $6,503,747.36. This trade represents a 2.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.98% of the stock is owned by corporate insiders.

Starbucks Trading Up 0.7 %

NASDAQ SBUX traded up $0.62 on Monday, hitting $92.87. 3,827,390 shares of the company traded hands, compared to its average volume of 6,492,735. The business’s 50 day moving average price is $96.13 and its 200-day moving average price is $91.13. The company has a market capitalization of $105.30 billion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 2.86 and a beta of 0.99. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $103.32.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. Starbucks’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the company posted $1.06 earnings per share. As a group, sell-side analysts predict that Starbucks Co. will post 3.11 earnings per share for the current year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.61 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.63%. Starbucks’s dividend payout ratio is currently 73.72%.

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.