Marshall & Sullivan Inc. WA Sells 133 Shares of Starbucks Co. (NASDAQ:SBUX)

Marshall & Sullivan Inc. WA decreased its position in Starbucks Co. (NASDAQ:SBUX) by 1.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,196 shares of the coffee company’s stock after selling 133 shares during the period. Marshall & Sullivan Inc. WA’s holdings in Starbucks were worth $930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SBUX. Abound Wealth Management raised its holdings in Starbucks by 25.2% in the 4th quarter. Abound Wealth Management now owns 775 shares of the coffee company’s stock valued at $71,000 after acquiring an additional 156 shares in the last quarter. Wedmont Private Capital lifted its stake in Starbucks by 1.6% during the fourth quarter. Wedmont Private Capital now owns 13,512 shares of the coffee company’s stock worth $1,246,000 after purchasing an additional 212 shares during the last quarter. Fragasso Financial Advisors Inc boosted its holdings in shares of Starbucks by 5.5% in the 4th quarter. Fragasso Financial Advisors Inc now owns 10,706 shares of the coffee company’s stock valued at $977,000 after purchasing an additional 555 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in shares of Starbucks by 17.6% during the 4th quarter. Capital Investment Advisors LLC now owns 18,313 shares of the coffee company’s stock worth $1,671,000 after buying an additional 2,744 shares in the last quarter. Finally, Winthrop Advisory Group LLC raised its holdings in shares of Starbucks by 25.4% during the 4th quarter. Winthrop Advisory Group LLC now owns 11,159 shares of the coffee company’s stock worth $1,018,000 after buying an additional 2,263 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Insider Activity at Starbucks

In other 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 value of $143,849.64. Following the completion of the transaction, the chief financial officer now directly owns 65,648 shares of the company’s stock, valued at $6,503,747.36. This represents a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.98% of the stock is owned by insiders.

Analysts Set New Price Targets

SBUX has been the topic of a number of recent analyst reports. UBS Group lifted their target price on Starbucks from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada assumed coverage on Starbucks in a research note on Friday, November 15th. They set an “outperform” rating and a $115.00 price target on the stock. Barclays lowered their price objective on Starbucks from $110.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Bank of America dropped their price target on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Finally, Morgan Stanley boosted their price objective on shares of Starbucks from $98.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $103.77.

Starbucks Stock Performance

Shares of NASDAQ SBUX traded up $0.96 during midday trading on Monday, hitting $93.21. 4,807,413 shares of the stock traded hands, compared to its average volume of 6,625,216. Starbucks Co. has a one year low of $71.55 and a one year high of $103.32. The business has a 50 day moving average price of $96.13 and a two-hundred day moving average price of $91.13. The company has a market cap of $105.68 billion, a PE ratio of 28.16, a P/E/G ratio of 2.86 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The firm had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 earnings per share. As a group, equities research analysts forecast that Starbucks Co. will post 3.11 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.62%. Starbucks’s dividend payout ratio is presently 73.72%.

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.