Captrust Financial Advisors Sells 2,430 Shares of Starbucks Co. (NASDAQ:SBUX)

Captrust Financial Advisors reduced its holdings in Starbucks Co. (NASDAQ:SBUX) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,351 shares of the coffee company’s stock after selling 2,430 shares during the quarter. Captrust Financial Advisors’ holdings in Starbucks were worth $3,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. HC Financial Advisors Inc. boosted its stake in Starbucks by 233.5% during the third quarter. HC Financial Advisors Inc. now owns 27,445 shares of the coffee company’s stock worth $1,560,000 after buying an additional 19,215 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Starbucks by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,079,864 shares of the coffee company’s stock valued at $231,909,000 after purchasing an additional 30,550 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Starbucks by 3.3% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 101,097 shares of the coffee company’s stock valued at $5,746,000 after purchasing an additional 3,190 shares during the last quarter. Homrich & Berg acquired a new position in shares of Starbucks in the 3rd quarter valued at $1,122,000. Finally, Banco Santander S.A. lifted its stake in shares of Starbucks by 20.5% in the 3rd quarter. Banco Santander S.A. now owns 175,508 shares of the coffee company’s stock valued at $9,976,000 after purchasing an additional 29,881 shares during the last quarter. 73.34% of the stock is owned by institutional investors and hedge funds.

Starbucks stock traded up $0.94 during mid-day trading on Friday, reaching $76.06. 6,607,755 shares of the company were exchanged, compared to its average volume of 6,805,981. Starbucks Co. has a twelve month low of $47.37 and a twelve month high of $76.95. The company has a current ratio of 1.41, a quick ratio of 1.16 and a debt-to-equity ratio of 7.73. The stock has a market capitalization of $94.59 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.17 and a beta of 0.51.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, January 24th. The coffee company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. Starbucks had a return on equity of 193.00% and a net margin of 11.98%. The company had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $6.49 billion. During the same period last year, the firm earned $0.65 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. Equities analysts predict that Starbucks Co. will post 2.73 earnings per share for the current year.

SBUX has been the topic of several recent analyst reports. Goldman Sachs Group lowered Starbucks from a “buy” rating to a “neutral” rating and decreased their price target for the company from $75.00 to $68.00 in a research note on Friday, January 11th. Oppenheimer reaffirmed an “outperform” rating and issued a $72.00 price target (up previously from $70.00) on shares of Starbucks in a research note on Friday, January 25th. Piper Jaffray Companies upped their price target on Starbucks from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. CIBC boosted their price objective on Starbucks from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, January 25th. Finally, Bank of America set a $75.00 price target on Starbucks and gave the stock a “buy” rating in a report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $69.08.

In other news, insider Clifford Burrows sold 152,634 shares of the firm’s stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $67.22, for a total value of $10,260,057.48. Following the completion of the sale, the insider now directly owns 311,083 shares of the company’s stock, valued at approximately $20,910,999.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Culver sold 169,096 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $68.81, for a total value of $11,635,495.76. The disclosure for this sale can be found here. Insiders have sold a total of 565,806 shares of company stock valued at $38,789,988 over the last ninety days. 3.98% of the stock is owned by insiders.

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Starbucks Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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