Jaffetilchin Investment Partners LLC Sells 197 Shares of Starbucks Co. (NASDAQ:SBUX)

Jaffetilchin Investment Partners LLC reduced its stake in Starbucks Co. (NASDAQ:SBUX) by 3.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,206 shares of the coffee company’s stock after selling 197 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Starbucks were worth $476,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SBUX. First National Trust Co boosted its stake in Starbucks by 2.2% during the fourth quarter. First National Trust Co now owns 5,033 shares of the coffee company’s stock valued at $483,000 after buying an additional 106 shares during the period. Graybill Wealth Management LTD. increased its position in shares of Starbucks by 0.3% in the fourth quarter. Graybill Wealth Management LTD. now owns 40,088 shares of the coffee company’s stock worth $3,849,000 after purchasing an additional 109 shares during the last quarter. Glass Jacobson Investment Advisors llc raised its stake in Starbucks by 10.0% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,246 shares of the coffee company’s stock valued at $120,000 after purchasing an additional 113 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its position in Starbucks by 24.6% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 598 shares of the coffee company’s stock valued at $57,000 after purchasing an additional 118 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in Starbucks by 7.9% in the 1st quarter. Versant Capital Management Inc now owns 1,659 shares of the coffee company’s stock worth $152,000 after buying an additional 122 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Starbucks

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction on Friday, June 14th. The stock was sold at an average price of $80.00, for a total transaction of $260,000.00. Following the completion of the transaction, the chief executive officer now owns 78,304 shares in the company, valued at $6,264,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $6,264,320. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Rachel Ruggeri sold 3,750 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was 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 owns 65,431 shares in the company, valued at approximately $5,234,480. The disclosure for this sale can be found here. Insiders have sold a total of 7,250 shares of company stock valued at $579,375 in the last ninety days. 1.98% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SBUX has been the subject of a number of research analyst reports. The Goldman Sachs Group began coverage on shares of Starbucks in a report on Thursday, June 13th. They set a “buy” rating and a $100.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut their price objective on Starbucks from $89.00 to $85.00 and set a “hold” rating for the company in a report on Tuesday, July 16th. Barclays decreased their price objective on Starbucks from $95.00 to $93.00 and set an “overweight” rating on the stock in a report on Wednesday. HSBC cut their target price on Starbucks from $107.00 to $84.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Finally, Guggenheim decreased their price target 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. Seventeen analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $90.88.

Starbucks Stock Performance

Shares of SBUX traded down $2.84 on Thursday, reaching $75.11. The stock had a trading volume of 16,842,416 shares, compared to its average volume of 10,835,644. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $107.66. The firm has a market capitalization of $85.08 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 1.72 and a beta of 0.94. The company has a 50-day simple moving average of $77.74 and a 200-day simple moving average of $84.84.

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

Starbucks Announces Dividend

The firm also recently announced 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 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 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.