V Square Quantitative Management LLC Has $211,000 Stake in Starbucks Co. (NASDAQ:SBUX)

V Square Quantitative Management LLC decreased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 63.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,710 shares of the coffee company’s stock after selling 4,759 shares during the period. V Square Quantitative Management LLC’s holdings in Starbucks were worth $211,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vima LLC acquired a new position in shares of Starbucks during the fourth quarter valued at about $26,000. Scarborough Advisors LLC acquired a new position in Starbucks in the fourth quarter worth about $26,000. DSM Capital Partners LLC acquired a new position in Starbucks in the fourth quarter worth about $27,000. Fairman Group LLC acquired a new position in Starbucks in the fourth quarter worth about $30,000. Finally, Cypress Capital Management LLC WY raised its position in Starbucks by 133.1% in the fourth quarter. Cypress Capital Management LLC WY now owns 324 shares of the coffee company’s stock worth $31,000 after purchasing an additional 185 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Transactions at Starbucks

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $80.00, for a total value of $260,000.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $80.00, for a total value of $260,000.00. Following the completion of the sale, the chief executive officer now directly owns 78,304 shares in the company, valued at approximately $6,264,320. The sale was disclosed in a document filed 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 on Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total value of $300,000.00. Following the completion of the sale, the chief financial officer now owns 65,431 shares of the company’s stock, valued at $5,234,480. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,250 shares of company stock worth $579,375. 1.98% of the stock is currently owned by insiders.

Starbucks Stock Down 0.6 %

SBUX traded down $0.59 during midday trading on Wednesday, hitting $95.31. 35,762,680 shares of the company traded hands, compared to its average volume of 11,913,191. The firm has a market capitalization of $108.01 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 1.80 and a beta of 0.94. The company’s 50-day moving average is $77.44 and its 200 day moving average is $83.84. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $107.66.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.25 billion. Starbucks had a net margin of 11.16% and a negative return on equity of 49.38%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 EPS. On average, sell-side analysts predict that Starbucks Co. will post 3.55 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, August 30th. Investors of record on Friday, August 16th will be given a $0.57 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.28 dividend on an annualized basis and a yield of 2.39%. Starbucks’s dividend payout ratio is presently 62.81%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Stifel Nicolaus raised shares of Starbucks from a “hold” rating to a “buy” rating and upped their price objective for the stock from $80.00 to $110.00 in a research note on Wednesday. Baird R W raised shares of Starbucks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. BMO Capital Markets decreased their price objective 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. HSBC decreased their price objective on shares of Starbucks from $107.00 to $84.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd. Finally, Evercore ISI raised shares of Starbucks from an “in-line” rating to an “outperform” rating and increased their price target for the company from $80.00 to $120.00 in a research note on Wednesday. Twelve research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and a consensus price target of $98.79.

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.