Capital Advisors Inc. OK Decreases Stock Position in Starbucks Co. (NASDAQ:SBUX)

Capital Advisors Inc. OK decreased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 6.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,737 shares of the coffee company’s stock after selling 200 shares during the period. Capital Advisors Inc. OK’s holdings in Starbucks were worth $250,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Aspire Capital Advisors LLC grew its position in Starbucks by 0.5% during the 4th quarter. Aspire Capital Advisors LLC now owns 23,210 shares of the coffee company’s stock worth $2,118,000 after purchasing an additional 104 shares during the last quarter. Riverview Trust Co lifted its stake in shares of Starbucks by 3.4% during the third quarter. Riverview Trust Co now owns 3,199 shares of the coffee company’s stock worth $312,000 after buying an additional 105 shares during the period. Optas LLC grew its holdings in shares of Starbucks by 0.6% during the fourth quarter. Optas LLC now owns 16,711 shares of the coffee company’s stock valued at $1,525,000 after buying an additional 105 shares during the last quarter. Boomfish Wealth Group LLC increased its position in shares of Starbucks by 0.7% in the 4th quarter. Boomfish Wealth Group LLC now owns 15,335 shares of the coffee company’s stock valued at $1,399,000 after acquiring an additional 108 shares during the period. Finally, Foster Group Inc. raised its stake in Starbucks by 4.0% in the 4th quarter. Foster Group Inc. now owns 2,885 shares of the coffee company’s stock worth $263,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Buying and Selling at Starbucks

In related news, CFO Rachel Ruggeri sold 1,452 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $99.07, for a total transaction of $143,849.64. Following the completion of the sale, the chief financial officer now directly owns 65,648 shares in the company, valued at approximately $6,503,747.36. The trade was a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Starbucks Stock Performance

Starbucks stock opened at $113.04 on Thursday. The stock has a market capitalization of $128.40 billion, a P/E ratio of 36.46, a P/E/G ratio of 3.52 and a beta of 1.00. The company’s fifty day moving average price is $97.51 and its 200 day moving average price is $95.37. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $113.19.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business earned $0.90 EPS. Sell-side analysts predict that Starbucks Co. will post 3 EPS for the current year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 annualized dividend and a yield of 2.16%. Starbucks’s dividend payout ratio (DPR) is currently 78.71%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Redburn Atlantic reiterated a “sell” rating and set a $77.00 price target (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. TD Cowen reiterated a “buy” rating and issued a $110.00 price target on shares of Starbucks in a report on Monday, November 11th. BTIG Research raised their price target on shares of Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. Finally, Morgan Stanley raised their target price on shares of Starbucks from $98.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Starbucks presently has an average rating of “Moderate Buy” and a consensus price target of $105.33.

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.