Godsey & Gibb Inc. Sells 795 Shares of Starbucks Co. (NASDAQ:SBUX)

Godsey & Gibb Inc. decreased its position in Starbucks Co. (NASDAQ:SBUX) by 56.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 615 shares of the coffee company’s stock after selling 795 shares during the quarter. Godsey & Gibb Inc.’s holdings in Starbucks were worth $56,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new stake in Starbucks during the second quarter worth about $25,000. DT Investment Partners LLC boosted its holdings 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 worth $42,000 after acquiring an additional 121 shares in the last quarter. FSA Wealth Management LLC bought a new stake in Starbucks during the 3rd quarter worth approximately $49,000. Friedenthal Financial acquired a new stake in Starbucks during the 3rd quarter valued at $50,000. Finally, Capital Performance Advisors LLP bought a new position in Starbucks in the 3rd quarter valued at $71,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Transactions at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 1,452 shares of the company’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 transaction, the chief financial officer now owns 65,648 shares of the company’s stock, valued at $6,503,747.36. This represents a 2.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.98% of the stock is owned by insiders.

Analyst Ratings Changes

SBUX has been the topic of several research analyst reports. TD Cowen restated a “buy” rating and set a $110.00 target price on shares of Starbucks in a report on Monday, November 11th. Bank of America decreased their price objective on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. BTIG Research boosted their target price on shares of Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. 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 note on Thursday, October 31st. Finally, Barclays dropped their price objective on shares of Starbucks from $110.00 to $108.00 and set an “overweight” rating for the company 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 given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.77.

Starbucks Stock Up 0.0 %

SBUX opened at $93.08 on Thursday. The company has a fifty day simple moving average of $95.98 and a 200 day simple moving average of $91.34. The stock has a market cap of $105.53 billion, a P/E ratio of 28.12, a P/E/G ratio of 2.73 and a beta of 0.99. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $103.32.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The company had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the prior year, the company earned $1.06 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities research analysts expect that Starbucks Co. will post 3.1 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, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio (DPR) is presently 73.72%.

About Starbucks

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.