Culbertson A N & Co. Inc. Decreases Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Culbertson A N & Co. Inc. lowered its position in shares of Starbucks Co. (NASDAQ:SBUX) by 5.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,958 shares of the coffee company’s stock after selling 1,320 shares during the quarter. Culbertson A N & Co. Inc.’s holdings in Starbucks were worth $2,004,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Pure Financial Advisors LLC grew its position in shares of Starbucks by 25.0% in the 4th quarter. Pure Financial Advisors LLC now owns 4,014 shares of the coffee company’s stock worth $366,000 after buying an additional 804 shares during the last quarter. Cove Private Wealth LLC bought a new stake in Starbucks in the fourth quarter valued at $265,000. Zhang Financial LLC increased its position in Starbucks by 5.8% during the 4th quarter. Zhang Financial LLC now owns 3,116 shares of the coffee company’s stock valued at $284,000 after purchasing an additional 170 shares during the period. Willner & Heller LLC raised its holdings in Starbucks by 3.9% in the 4th quarter. Willner & Heller LLC now owns 3,873 shares of the coffee company’s stock worth $353,000 after purchasing an additional 147 shares in the last quarter. Finally, Diversify Wealth Management LLC lifted its position in shares of Starbucks by 38.8% in the 4th quarter. Diversify Wealth Management LLC now owns 4,078 shares of the coffee company’s stock worth $376,000 after purchasing an additional 1,139 shares during the period. Institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SBUX shares. Citigroup increased their price target on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. TD Cowen reissued a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research report on Monday, November 11th. BTIG Research lifted their price target on Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Stifel Nicolaus increased their price objective on Starbucks from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Sanford C. Bernstein raised Starbucks from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $92.00 to $115.00 in a research report on Thursday, September 26th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Starbucks presently has an average rating of “Moderate Buy” and a consensus price target of $103.92.

Starbucks Stock Up 0.7 %

Shares of NASDAQ SBUX opened at $95.13 on Tuesday. The firm’s 50-day moving average price is $95.84 and its 200-day moving average price is $91.71. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $103.32. The company has a market cap of $107.86 billion, a PE ratio of 28.74, a PEG ratio of 2.82 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 net margin of 10.40% and a negative return on equity of 46.39%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company posted $1.06 earnings per share. As a group, equities research analysts anticipate that Starbucks Co. will post 3.1 EPS for the current fiscal year.

Starbucks Announces Dividend

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 issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Friday, February 14th. Starbucks’s dividend payout ratio is 73.72%.

Insider Buying and Selling at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total transaction of $148,414.14. Following the transaction, the chief financial officer now owns 80,124 shares in the company, valued at $7,975,542.96. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.98% of the company’s stock.

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.