Lbp Am Sa Decreases Position in Starbucks Co. (NASDAQ:SBUX)

Lbp Am Sa lessened its holdings in Starbucks Co. (NASDAQ:SBUX) by 54.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,413 shares of the coffee company’s stock after selling 16,958 shares during the quarter. Lbp Am Sa’s holdings in Starbucks were worth $1,317,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Scarborough Advisors LLC bought a new stake in Starbucks in the 4th quarter worth $26,000. Vima LLC bought a new stake in Starbucks in the 4th quarter worth $26,000. DSM Capital Partners LLC bought a new stake in Starbucks in the 4th quarter worth $27,000. Fairman Group LLC bought a new stake in Starbucks in the 4th quarter worth $30,000. Finally, Cypress Capital Management LLC WY grew its holdings in Starbucks by 133.1% in the 4th quarter. Cypress Capital Management LLC WY now owns 324 shares of the coffee company’s stock worth $31,000 after acquiring an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insider Activity

In other news, CFO Rachel Ruggeri sold 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief financial officer now directly owns 65,431 shares of the company’s stock, valued at $5,234,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $80.00, for a total transaction of $260,000.00. Following the completion of the sale, the chief executive officer now directly owns 78,304 shares of the company’s stock, valued at $6,264,320. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Rachel Ruggeri sold 3,750 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total transaction of $300,000.00. Following the sale, the chief financial officer now directly owns 65,431 shares of the company’s stock, valued at $5,234,480. The disclosure for this sale can be found here. Insiders sold 7,250 shares of company stock valued at $579,375 over the last three months. Insiders own 1.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Oppenheimer reissued a “market perform” rating on shares of Starbucks in a report on Friday, April 19th. Barclays cut their target price on shares of Starbucks from $95.00 to $93.00 and set an “overweight” rating on the stock in a research note on Wednesday. Guggenheim cut their target price on shares of Starbucks from $100.00 to $91.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Starbucks from $89.00 to $85.00 and set a “hold” rating on the stock in a research note on Tuesday, July 16th. Finally, BMO Capital Markets cut their target price on shares of Starbucks from $120.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Seventeen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $90.88.

Starbucks Stock Down 3.6 %

Starbucks stock traded down $2.84 during trading hours on Thursday, hitting $75.11. The stock had a trading volume of 17,291,496 shares, compared to its average volume of 10,838,698. The stock has a market capitalization of $85.08 billion, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 1.72 and a beta of 0.94. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $107.66. The stock’s 50-day moving average price is $77.74 and its 200-day moving average price is $84.84.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, July 30th. The coffee company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. Starbucks had a net margin of 11.16% and a negative return on equity of 48.78%. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the previous year, the company earned $1.00 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts expect that Starbucks Co. will post 3.57 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.28 annualized dividend and a dividend yield of 3.04%. Starbucks’s payout ratio is 62.81%.

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.