Starbucks Co. (NASDAQ:SBUX) Shares Sold by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC cut its holdings in Starbucks Co. (NASDAQ:SBUX) by 0.4% in the 4th quarter, HoldingsChannel reports. The fund owned 116,673 shares of the coffee company’s stock after selling 516 shares during the period. Starbucks makes up 2.7% of Kiley Juergens Wealth Management LLC’s investment portfolio, making the stock its 12th largest position. Kiley Juergens Wealth Management LLC’s holdings in Starbucks were worth $10,646,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in SBUX. Strategic Investment Solutions Inc. IL acquired a new position in Starbucks during the second quarter worth approximately $25,000. DT Investment Partners LLC grew its stake in shares of Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after buying an additional 121 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of Starbucks during the 3rd quarter worth $49,000. Friedenthal Financial purchased a new position in shares of Starbucks in the 3rd quarter worth $50,000. Finally, Capital Performance Advisors LLP acquired a new position in Starbucks in the third quarter valued at $71,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

SBUX has been the topic of a number of research reports. Jefferies Financial Group downgraded Starbucks from a “hold” rating to an “underperform” rating and cut their price objective for the stock from $80.00 to $76.00 in a report on Tuesday, September 24th. Barclays cut their price target on shares of Starbucks from $110.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. UBS Group boosted their price objective on shares of Starbucks from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Wedbush lowered their target price on Starbucks from $98.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, BTIG Research lifted their price objective on shares of Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $103.92.

Insider Buying and Selling at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the transaction, the chief financial officer now owns 80,124 shares of the company’s stock, valued at approximately $7,975,542.96. This represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.98% of the stock is owned by company insiders.

Starbucks Trading Up 0.7 %

Shares of NASDAQ SBUX opened at $95.13 on Tuesday. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $103.32. The company has a market cap of $107.86 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 2.82 and a beta of 0.99. The stock’s 50 day simple moving average is $95.84 and its 200 day simple moving average is $91.71.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. The company had revenue of $9.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $1.06 earnings per share. As a group, equities analysts forecast that Starbucks Co. will post 3.1 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio (DPR) is 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.