Starbucks Co. (NASDAQ:SBUX) Shares Sold by Stephens Inc. AR

Stephens Inc. AR reduced its stake in Starbucks Co. (NASDAQ:SBUX) by 12.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,942 shares of the coffee company’s stock after selling 16,131 shares during the period. Stephens Inc. AR’s holdings in Starbucks were worth $9,133,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Northern Oak Wealth Management Inc. boosted its position in shares of Starbucks by 95.7% during the second quarter. Northern Oak Wealth Management Inc. now owns 362 shares of the coffee company’s stock worth $31,000 after buying an additional 177 shares during the period. Paragon Capital Management LLC bought a new stake in Starbucks during the first quarter worth approximately $29,000. Atlas Capital Advisors LLC raised its holdings in Starbucks by 53.3% during the second quarter. Atlas Capital Advisors LLC now owns 417 shares of the coffee company’s stock worth $35,000 after purchasing an additional 145 shares in the last quarter. C J Advisory Inc bought a new stake in Starbucks during the first quarter worth approximately $34,000. Finally, Capital Advisors Ltd. LLC raised its holdings in Starbucks by 111.0% during the second quarter. Capital Advisors Ltd. LLC now owns 633 shares of the coffee company’s stock worth $53,000 after purchasing an additional 333 shares in the last quarter. Institutional investors own 72.54% of the company’s stock.

Shares of NASDAQ SBUX traded up $0.71 during trading on Thursday, hitting $95.63. The company had a trading volume of 2,274,438 shares, compared to its average volume of 7,953,828. The company has a market cap of $113.61 billion, a P/E ratio of 39.52, a P/E/G ratio of 2.62 and a beta of 0.55. Starbucks Co. has a 52 week low of $52.30 and a 52 week high of $99.72. The firm has a 50-day moving average of $91.38.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, July 25th. The coffee company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.67 billion. Starbucks had a negative return on equity of 125.91% and a net margin of 13.63%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 earnings per share. As a group, analysts anticipate that Starbucks Co. will post 2.82 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Thursday, August 8th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Wednesday, August 7th. Starbucks’s dividend payout ratio (DPR) is currently 59.50%.

In other Starbucks news, EVP Lucy Lee Helm sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $83.00, for a total transaction of $830,000.00. Following the sale, the executive vice president now directly owns 113,455 shares of the company’s stock, valued at approximately $9,416,765. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Myron E. Ullman III sold 9,973 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $76.12, for a total transaction of $759,144.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,801 shares of company stock worth $6,301,684. Company insiders own 3.98% of the company’s stock.

Several equities research analysts recently commented on the company. Stephens boosted their target price on Starbucks from $72.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Jefferies Financial Group boosted their target price on Starbucks from $96.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Zacks Investment Research raised Starbucks from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Tuesday, June 18th. Wedbush boosted their target price on Starbucks from $88.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Finally, Morgan Stanley boosted their target price on Starbucks from $81.00 to $88.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $89.53.

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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