Starbucks Co. (NASDAQ:SBUX) Shares Sold by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH cut its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,436 shares of the coffee company’s stock after selling 298 shares during the period. Trust Co. of Toledo NA OH’s holdings in Starbucks were worth $1,956,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SBUX. Thoroughbred Financial Services LLC raised its position in Starbucks by 63.4% in the second quarter. Thoroughbred Financial Services LLC now owns 14,164 shares of the coffee company’s stock worth $1,102,000 after acquiring an additional 5,498 shares in the last quarter. Wealthspire Advisors LLC increased its holdings in Starbucks by 0.6% during the 2nd quarter. Wealthspire Advisors LLC now owns 33,702 shares of the coffee company’s stock valued at $2,624,000 after acquiring an additional 203 shares in the last quarter. Wrapmanager Inc. raised its position in Starbucks by 65.9% during the second quarter. Wrapmanager Inc. now owns 4,165 shares of the coffee company’s stock worth $324,000 after acquiring an additional 1,654 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Starbucks by 243.7% in the second quarter. J.W. Cole Advisors Inc. now owns 23,346 shares of the coffee company’s stock valued at $1,817,000 after purchasing an additional 16,553 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new position in shares of Starbucks during the 2nd quarter worth approximately $243,910,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SBUX. Sanford C. Bernstein raised Starbucks from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $92.00 to $115.00 in a research report on Thursday, September 26th. Barclays decreased their price target on shares of Starbucks from $110.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. UBS Group upped their price objective on shares of Starbucks from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group cut shares of Starbucks from a “hold” rating to an “underperform” rating and lowered their target price for the stock from $80.00 to $76.00 in a research note on Tuesday, September 24th. Finally, Stifel Nicolaus raised their price objective on Starbucks from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.77.

Insider Transactions at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total transaction of $148,414.14. Following the sale, the chief financial officer now owns 80,124 shares in the company, valued at $7,975,542.96. The trade was a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.98% of the company’s stock.

Starbucks Stock Down 0.0 %

SBUX traded down $0.03 during trading on Monday, reaching $92.22. The stock had a trading volume of 1,337,063 shares, compared to its average volume of 6,121,590. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $103.32. The firm has a market capitalization of $104.56 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 2.86 and a beta of 0.99. The stock has a 50 day moving average of $96.13 and a two-hundred day moving average of $91.13.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The firm had revenue of $9.07 billion for 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 revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 earnings per share. On average, research analysts forecast that Starbucks Co. will post 3.11 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Friday, February 14th. Starbucks’s dividend payout ratio (DPR) is presently 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.